$4,950,000

3556 Marnie Ave - Sale, Waterloo, IA 50701

  • 30,080 sqft
  • Property Icon Commercial Property
  • Property Year Built Icon Built in 2023
  • Property Lot Size Icon5.19acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $165/sqft
  • Property List Date Icon Listed 5 months ago

Property Description

Seller financing available. 20.20% COC return at a $4.78m purchase price based on current occupancy. (75.80% indoor / 31.07 % outdoor) 30.35 % COC return at $4.78m purchase price based on stabilized occupancy (projected September 2025) 100,880 rentable square footage. Owners are willing to stay and continue to run the site if the buyer desires. Inside storage snits equal 28,800 sqft. Heated & Air Conditioned Office & shop is 1,280 sqft. and can be leased. 2 desks, conference table & chairs. office and shop supplies. Ceiling Height: 7' - 10' Traffic Count: 10,001-15,000 Concrete slab with vapor barrier for moisture protection, pre-engineered steel, metal roof Central air and heat, city water/sewer Off-Street Parking Overhead Door Storage area Security System/Lighting 3D Virtual Tour: https://tours.picyourhouse.net/tours/xZRqErtOP?sceneId=uay135Cz1 Property averages a growth rate of 4 units / week for new client occupied units, so please check back weekly for updated financials.

Listing Status:
Active
Listing Office:
Pinnacle Realty : 319-393-3900
Listing Agent:
Trevis Adair :
MLS ID:
20250395
  • General: Multi-Tenant1 Story

This listing courtesy of Trevis Adair, Pinnacle Realty

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

L

Lou Henry Elementary School

312 Rachael St, Waterloo, IA, 50701

Grades KG-5

1.74 miles away

H

Hoover Middle School

630 Hillcrest Rd, Waterloo, IA, 50701

Grades 6-8

1.76 miles away

W

Waterloo West High School

425 E Ridgeway Ave, Waterloo, IA, 50702

Grades 9-12

2.39 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.