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1308 Adair Ct. Sw

Cedar Rapids, IA 52401
  • $4,150,000
  • STATUS: Active
  • ON SITE: 59 Days
  • MLS #: 20263728
UPDATED: 29 min ago
$4,150,000
  • 0
    BEDS
  • 3.49
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Commercial
Built:
2025
County:

School Ratings & Info

Description

Now available: First Class Storage, a modern, high-demand storage facility strategically located next to the Eastern Iowa Airport. This is a turn-key opportunity to own the entire complex, offering both investment potential and immediate rental income. Here are a few highlights including income & occupancy: This site opened in November 1st, 2025 Occupancy is 60/168 Property Overview Strong unit mix Prime location with excellent visibility and easy access to major highways Secure, well-maintained, and built for today’s storage demands ?? Unit Mix & Rental Rates 10x20: 91 units | $135 /month 10x30: 69 Units | $165 /month 10x30: with electricity | $295 / month 14x40: w/o electricity | 5 Units | 5 occupied | $325 /month 14x40: with electricity | 3 Units | 3 occupied | $650 /month Total Units: 168 OH Doors: A typical self storage facility has 8’w x 7’h OH doors. This site has larger OH Doors for easier entry and exit. Allows for storage of larger vehicles, boats, etc. 10x20 & 10x30 units have: 9’w x 8’h OH Doors. 14x40 units have: 12’w x 14’h OH Doors. Site Information: Seller carry Options (choose 1 option): $25,500 monthly payment at 0.00% interest for 6 months. $25,500 monthly payment at 2.00% interest for up to 12 months. $25,500 monthly payment at 3.00% interest for up to 22 months. Note: Selling price will go up as the site gets closer to stabilization.

Monthly Payment Calculator



Listings courtesy of Northeast Iowa Regional Board of REALTORS as distributed by MLS GRID. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MLS GRID or Vine Valley Real Estate. The use of the MLS GRID Data may be subject to an end user license agreement prescribed by Northeast Iowa Regional Board of REALTOR and may be amended from time to time. MLS Grid  logo Based on information submitted to the MLS GRID as of 2026-10-09T06:41:47.303 (date and time MLS GRID Data was obtained). 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.
Click here for MLS GRID DMCA Notice
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1308 Adair Ct. Sw Cedar Rapids, IA 52401

  • Price: $4,150,000
  • Status: Active
  • On Site: 59 Days
  • Updated: 29 min ago
  • MLS #: 20263728
0
Beds
0
Baths
0
½ Baths
3.49
Acres
2025
Built
County:
Linn
Property Description
Now available: First Class Storage, a modern, high-demand storage facility strategically located next to the Eastern Iowa Airport. This is a turn-key opportunity to own the entire complex, offering both investment potential and immediate rental income. Here are a few highlights including income & occupancy: This site opened in November 1st, 2025 Occupancy is 60/168 Property Overview Strong unit mix Prime location with excellent visibility and easy access to major highways Secure, well-maintained, and built for today’s storage demands ?? Unit Mix & Rental Rates 10x20: 91 units | $135 /month 10x30: 69 Units | $165 /month 10x30: with electricity | $295 / month 14x40: w/o electricity | 5 Units | 5 occupied | $325 /month 14x40: with electricity | 3 Units | 3 occupied | $650 /month Total Units: 168 OH Doors: A typical self storage facility has 8’w x 7’h OH doors. This site has larger OH Doors for easier entry and exit. Allows for storage of larger vehicles, boats, etc. 10x20 & 10x30 units have: 9’w x 8’h OH Doors. 14x40 units have: 12’w x 14’h OH Doors. Site Information: Seller carry Options (choose 1 option): $25,500 monthly payment at 0.00% interest for 6 months. $25,500 monthly payment at 2.00% interest for up to 12 months. $25,500 monthly payment at 3.00% interest for up to 22 months. Note: Selling price will go up as the site gets closer to stabilization.
Exterior Features

Open Parking Spaces 0

Interior Features

Building Area Total 43380 Total Available Square Footage 43380 Warehouse Square Footage 0

Property Features

Agent Owned YN Yes Available Office Square Footage 0 Available Retail Square Footage 0 Common Area No Existing Lease Type None Expense History Projected For Lease YN No For Sale Rent For Sale For Sale YN Yes Gross Income 424038 Investment YN Yes Lease Per Month 0 Miles To Highway 1 Multi Tenant YN No Nearest Highway Interstate 380 Net Operating Income 151613 Number Dock Doors 0 Number Drive In Doors 168 Number Rail Doors 0 Operating Expense 61066 Property Sub Type Industrial Special Listing Conditions Investment Sale Sprinkler YN No Tax Annual Amount 65000 Tax Year 2025 Tiered Sliding No Zoning Commercial



Listings courtesy of Northeast Iowa Regional Board of REALTORS as distributed by MLS GRID. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MLS GRID or Vine Valley Real Estate. The use of the MLS GRID Data may be subject to an end user license agreement prescribed by Northeast Iowa Regional Board of REALTOR and may be amended from time to time. MLS Grid  logo Based on information submitted to the MLS GRID as of 2026-10-09T06:41:47.303 (date and time MLS GRID Data was obtained). 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.
Click here for MLS GRID DMCA Notice
 
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Vine Valley Real Estate
808 E. 18th St.
Cedar Falls IA, 50613