408 IA-92 59,400 SF Specialty Building Offered For Sale in Bevington, IA 50033

B&B Mini Storage offers a rare opportunity to acquire a stabilized, income-producing self-storage facility strategically positioned in the Des Moines MSA—one of the Midwest’s fastest-growing metros. Spanning 59,400 net rentable square feet across 296 units, this property combines strong in-place cash flow with compelling upside potential. Built in phases from 2002 through 2022, the facility boasts modern construction, durable metal framing, and robust security infrastructure, including 21 cameras and keypad access.
Located at the intersection of Interstate 35 and Iowa Highway 92, the site benefits from exceptional visibility and traffic counts exceeding 25,000 vehicles daily.
The surrounding area features affluent demographics, with a median household income of $98,122 within five miles, and a growing population base projected to expand by 1.02% annually. This demand is reinforced by proximity to major suburban hubs such as West Des Moines, Cumming, and Indianola.
Operational upside is significant, with immediate mark-to-market rent adjustments supporting a 23.4% increase to market rates. Additional growth opportunities include implementing modern management and revenue optimization systems and leveraging approximately one acre of excess land for future expansion. The property also serves as a regional storage hub, complemented by strong RV and boat storage demand due to its adjacency to one of Iowa’s largest RV dealerships.
With Iowa’s storage supply per capita below the national average and rental rates trailing national benchmarks, B&B Mini Storage is well-positioned for sustained revenue growth and long-term value creation.