300 Iowa Ave Onawa, IA 51040

This exceptional investment opportunity presents a stabilized Class B self-storage facility located at 300 East Iowa Avenue, Onawa, IA 51040. The property boasts 16,400 square feet of rentable space distributed across 87 units, including a mix of sizes: five 10x40 roll-up units, sixty-two 10x20 roll-up units, twenty 10x10 roll-up units, and eleven outdoor stalls. Constructed in phases (2004, 2015, and 2019), the facility comprises three single-story buildings situated on a two-acre lot. Recent improvements include a new driveway. The property offers significant upside potential, with space for further development that could increase the gross rentable building area to 26,800 square feet. Strong financial performance is evidenced by a capitalization rate of 7.13%, a gross rent multiplier of 11.83, an income/expense ratio of 37.85%, and a return-on-equity of 8.89%. The current near-term monthly gross revenue is $6,397. This turnkey operation presents a compelling investment opportunity for those seeking a stable, high-return asset in a growing market. The property is offered at an asking price of $649,000.