6100 Production Dr - Prairie Life Storage

The Delaney Self-Storage Group of Marcus & Millichap is pleased to present Prairie Life Storage in Cedar Falls, Iowa. This newly built, 100%
climate-controlled facility opened in late-2021 and offers 21,920 rentable square feet across 282 units. Situated on 2.7 acres, Prairie Life
Storage features state-of-the-art amenities and has seen a strong lease up trend since opening.
The entire facility has motion lighting throughout and a heated drive-in building with loading area. All interior walls and ceilings are
finished in bright white metal. Security features include 24/7 monitored security surveillance with over 50 cameras and motion, glass break
and door sensors. Additionally, the site offers fully automated payment and accessibility systems for tenants with Doorking access controls, Sitelink management software and generates additional income from U-Haul truck rentals. The facility also includes a separate office/showroom, which is currently on a long-term lease. There is expansion potential for boat and RV storage on the southern portion of the property with Mako plans already completed. The property was granted a five-year partial exemption from property taxation.
Prairie Life Storage is the nicest and newest fully climate-controlled facility in the area. The site is located near major retailers, Highways 20and 58, several new residential community developments and is only 2.2 miles from the University of Northern Iowa. The average household income in the five-mile radius is $100,732 with a daytime population of 65,068. Prairie Life Storage offers investors a new, quality constructed climate-controlled self-storage asset located in a strong demographic area with little surrounding competition.