Prairie City, IA
$775,000
K&K Rent-A-Space offers a compelling opportunity to acquire a well-performing self storage facility in the growing community of Prairie City, Iowa. The property features 16,550 rentable square feet of all-steel, drive-up storage units and has maintained occupancy consistently above 95%, highlighting strong demand and operational stability. Located just 20 miles east of downtown Des Moines, the facility is well-positioned to benefit from the continued expansion of the eastern suburbs of the Des Moines MSA.
Priced at under $47 per rentable square foot, K&K Rent-A-Space allows investors to acquire the asset near replacement cost, with upside potential through both rental rate optimization and physical expansion to the east. Prairie City is an underserved storage market with limited competition, making this an ideal opportunity for new ownership to capitalize on strong fundamentals in a growing region. With excellent visibility from 2nd Street and access to Highway 163, the property is well suited to meet the long-term storage needs of both residential and commercial tenants.
