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3556 Marnie Ave - Sale Ave, Waterloo, IA 50701

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Listing Type
Commercial/Industrial
Listing Status
Off Market
0
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Transportation
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$4,425,000

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Home Details for 3556 Marnie Ave - Sale Ave
Price
$4,425,000
Type
Commercial/Industrial
Year Build
2023
Sq. Ft.
30080
Lot Size
5.19
County
Black Hawk
Tax
$5,374
MLS®️ Listing#
20250395
On exitrealty.com
281 days
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) 15 year tax incentive package. 100,880 rentable square footage. Owners are willing to stay and continue to run the site if the buyer desires. Inside storage units 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 Doors Storage area HD Security System, LED Lighting Very low OPEX. 15 year / 90% tax incentive package. 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.
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Listing Courtesy: Pinnacle Realty - 319-393-0900. Presented by: Trevis Adair
Based on information submitted to the MLS GRID as of 2025-11-06 16:15:22. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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$4,425,000

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