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Exclusively Listed By:
ParaSell Inc. and
EquiCap Commercial 


List Price:  $2,400,000

NRSF:        28,550

Units:         250

Acres:        2.45


PRIME LOCATION // Located in a densely populated market with car counts exceeding 11,700 vehicles per day (2016 count).

EXCELLENT DEMOS // Three-mile population is 39,899 people and 15,814 households, while the five-mile population is 77,984 people and 30,089 households. Both the three-mile and five-mile populations are scheduled to grow over the next five years, supporting future demand for self storage.

VALUE ADD OPPORTUNITY // The current occupancy is 79% percent physical with rates averaging below market average levels.

REMOTELY MANAGED OPERATION // The offering presents an excellent opportunity for a local owner to add this facility as a satellite location, or an out of market owner to run the facility as a remotely managed operation.

RAPID POPULATION GROWTH // Des Moines Metro tops the charts as the fastest-growing Major Midwestern Metro, outpacing Madison, WI, Indianapolis, IN and Columbus, OH.


Altoona AAA Storage is a well maintained, add-value opportunity, located in a growing marketplace with strong occupancy levels. The site benefits from its location along busy 34th Ave SW -- visible to over 11,700 cars per day.

Situated on a 2.45 acre parcel, Altoona AAA Storage offers construction and amenities typical of a B-Class operation. Improvements include a prominent stand-alone rental office with strong visibility from 34th Ave SW, and a 32,892 gross square foot metal self storage building (28,550 net rentable) that houses 250 units (95 drive- up and 155 climate controlled). Units range in size from 25 - 400 square feet, with an average unit size of 114 square feet. Amenities are comprised of a large monument sign, gated entry with keypad access, two ingress/egress points, concrete paved drive aisles, standing seam metal roof, perimeter fencing and security monitoring.

The operation is located in a densely populated market and with high occupancy levels, surrounded by new housing starts and retail development. The five-mile population is 77,984 people (and growing). These statistics have allowed the current owner to enjoy historic occupancy levels north of 80 percent, with a limited day-to-day presence.

Altoona AAA Storage enjoys an occupancy level of 84 percent (unit occupancy). With rents discounted below market average levels, by as much as10 percent on smaller unit sizes and 20 percent on the large units. A new owner will benefit from implementing a revenue management program and offering tenant insurance, which should push the Income close to $380,000 over the next five years.

Altoona, Iowa (Des Moines MSA)

Altoona AAA Self Storage


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