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2426 9th Ave - Cohoe Storage 6,100 SF Specialty Building Offered at $2,602,449 CAD at a 6.25% Cap Rate in Council Bluffs, IA 51501
Investment Highlights
- Portfolio of 4 self-storage locations totaling 43,931 NRSF and 278 units in Council Bluffs, IA.
- List price of $1,900,000, representing $43.22 per square foot for the portfolio.
- Strategic location near I-29, I-80, and Omaha metro, supporting strong regional demand.
- Current cap rate of 6.25% with $118,374 NOI and significant upside as occupancy improves.
- Unit occupancy at 62% and square foot occupancy at 66%, offering value-add potential.
- Limited new supply in Council Bluffs creates favorable pricing power for well-located facilities.
Executive Summary
Broker of Record
Adam Marek
License # F03991000, S44830000 (IA)
Pacific Realty Commercial, LLC
11516 Miracle Hills Dr. Ste #400 Omaha, NE 68154
(866) 889-0550
Adam Marek
License # F03991000, S44830000 (IA)
Pacific Realty Commercial, LLC
11516 Miracle Hills Dr. Ste #400 Omaha, NE 68154
(866) 889-0550
Property Facts
| Price | $2,602,449 CAD | Building Class | C |
| Price Per SF | $426.63 CAD | Lot Size | 0.13 AC |
| Sale Type | Investment | Building Size | 6,100 SF |
| Cap Rate | 6.25% | No. Stories | 1 |
| Property Type | Specialty | Year Built | 1990 |
| Property Subtype | Self-Storage | ||
| Zoning | I-1 | ||
| Price | $2,602,449 CAD |
| Price Per SF | $426.63 CAD |
| Sale Type | Investment |
| Cap Rate | 6.25% |
| Property Type | Specialty |
| Property Subtype | Self-Storage |
| Building Class | C |
| Lot Size | 0.13 AC |
| Building Size | 6,100 SF |
| No. Stories | 1 |
| Year Built | 1990 |
| Zoning | I-1 |
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Fairly walkable
50/100
Exceptionally drivable
90/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 7544-34-427-005 | Improvements Assessment | $150,791 CAD |
| Land Assessment | $27,615 CAD | Total Assessment | $178,407 CAD |
Property Taxes
Parcel Number
7544-34-427-005
Land Assessment
$27,615 CAD
Improvements Assessment
$150,791 CAD
Total Assessment
$178,407 CAD
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2426 9th Ave - Cohoe Storage
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