850 Mann Rd SW

Property Overview:
• Prime Location: Situated on the SW side of Cedar Rapids, near the airport, in the heart of the industrial market hub, this location offers strong demand potential for warehousing or storage services.
• Versatile Storage Solutions: Recently converted to offer both indoor and outdoor auto, boat, and RV storage, in addition to heated self-storage units inside, appealing to a wide range of storage needs and maximizing potential income streams. A substantial investment was made in mechanicals, electrical, security, technology, and interior finishes in during the conversion in 2022.
• Value-Add Opportunity: The property presents a unique chance to acquire an asset that has not yet been stabilized, allowing new ownership to optimize management practices and marketing, improve occupancy rates, improve upon efficiencies, and enhance cash flow, making it an attractive long-term investment for those looking to add value.
• Strong Demand for Storage: The Cedar Rapids area has a growing demand for specialized storage solutions, especially with new developments and high-traffic industrial businesses nearby, providing a solid foundation for occupancy growth.
• Strategic Access and Visibility: The property's location near key transport routes and industrial centers not only enhances accessibility for customers but also increases its visibility and potential to capture a steady flow of business. It is conveniently located near 6th St SW (HWY 965)with easy access to I-380 & the Eastern Iowa Airport.
• Building Highlights: High bay 26’ sidewall with 24’ clear ceiling height. ESFR sprinkler system throughout. T-5 high efficiency fluorescent lighting. Two (2) overhead doors with the ability to add more. Six (6) docks removed that can easily be reinstalled – room for additional docks to be added
• The new FedEx distribution facility is a major development for the area and is located immediately adjacent to 850 Mann Rd SW. This $108.6 million project spans 479,000 square feet on a 79-acre site, featuring advanced material handling and sorting technology, and was completed in 2022. It brought over 430 new jobs to the immediate area. To support FedEx’s growth, the city has undertaken substantial infrastructure improvements, particularly on Sixth Street SW and Welford Road, to manage the increased traffic generated by the facility. This project is part of a broader expansion in Cedar Rapids, which has seen a surge in industrial developments recently
• Wisconsin based, Sub-Zero, appliance manufacturer is under construction on a 400,000 SF light manufacturing facility less than the length of a football field away, bringing 192 new jobs to the area, and is scheduled for completion by August 2025.
• Altorfer equipment company just completed construction of a new 150,000 SF headquarters facility less than a mile.