Traditional Site

775 SW 37th St. and 16175 Laurel St. - Grimes and Waukee, IA  50263.

Afford It Storage and Country Club Mini Storage are a two-property self-storage portfolio in the affluent suburbs of Des Moines, Iowa - Grimes and Waukee, respectively. The properties comprise 58,350 NRSF.

Afford It Storage is located in Grimes and consists of 280 units of climate and non-climate storage yielding 36,150 NRSF. The current physical occupancy is 92%. Afford It Storage has +/- 2.565 acres of expansion room which can be used for additional climate and non-climate units or boat and RV units. This location was developed in 2011 and expanded in 2013. Construction highlights include concrete driveways, steel framing and metal buildings with brick facade. The facility is equipped with video surveillance, gated entry and perimeter fencing. Afford It Storage has an on-site office.

Country Club Mini Storage is located in Waukee and consists of 170 units of climate and non-climate storage yielding 22,200 NRSF. The current physical occupancy is 99%. Country Club Mini Storage could potentially be operated as a satellite location. This facility was developed in 1996 and expanded in 1998 and 2004. Construction highlights include concrete driveways, steel framing and metal buildings with brick fa'ade. The facility is equipped with video surveillance, gated entry and perimeter fencing. Country Club Mini Storage has an on-site office.

The facilities are located 5.6 miles apart, which is about a 10 minute drive. Both locations benefit from the immediate growth in the area. Waukee and Grimes are experiencing significant residential and commercial growth. In 2013 Waukee was named one of Money Magazine's 'Best Places to Live' based on the availability of affordable homes and the high quality school districts. Additionally, Forbes placed Waukee #6 on its 'Best Places for Business and Careers' list.

$4,600,000
Property Type:
Traditional Site 
Status :
Sold 
Rentable Square Feet:
58,350 Sq Ft
Number of Buildings:
12 Bldg(s)
Number of Units:
450 Unit(s)
Room For Expansion
Yes
Cap Rate:
6.66 %
Days Listed:
223 Days
Updated:
02/14/18 

Share This Property Listing
Get Report

hot

Other Available Listings by Bellomy & Co..