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Key Details
Sold Price $1,250,000
Property Type Commercial
Sub Type COMMERCIAL
Listing Status Sold
Purchase Type For Sale
Square Footage 21,000 sqft
Price per Sqft $59
MLS Listing ID 147362
Sold Date 09/08/23
Year Built 2001
Property Sub-Type COMMERCIAL
Property Description
Locked In Dubuque Storage is a high-quality, turn-key self storage facility serving Dubuque, IA and the surrounding area. It offers a complete and ready-to-use solution for individuals seeking secure storage. The facility consists of five sturdy, steel buildings constructed between 2001 and 2006, providing a total of 158 self storage units and 20,775 rentable square feet. Additionally, there are 13 outdoor spaces designated for RV parking and two offices on-site, which generate additional income. Currently, the facility is operating at 98% occupancy, with no outstanding payments beyond the 30-day mark. It has consistently maintained an occupancy rate of over 95% for more than a year. Locked In Dubuque Storage benefits from an exceptional location on the bustling Radford Road, surrounded by numerous businesses and residential developments. The majority of the facility is fenced, featuring a convenient gate with a keypad for easy access by tenants. Moreover, the facility is well-lit with 24 new LED security lights and is under 24/7 surveillance through security cameras. The leasing up process, software implementation, and stabilization have already been taken care of for you, allowing for a seamless transition to new ownership. Furthermore, the facility is configured for remote operations, enabling the new owner to manage it remotely. This presents an excellent opportunity for investors seeking a stable asset with consistent cash flow.
Location
State IA
County Dubuque
Area Dubuque Area
Zoning Commercial
Interior
Heating Radiant
Cooling Window Unit
Flooring Concrete
Exterior
Utilities Available 4884
Roof Type Steel
Others
Acceptable Financing Cash
Listing Terms Cash
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Bought with Keller Williams Legacy Group