14214 U Street

Office for Sale
Catylist Listing ID: 30340966
Property Subtypes: Office Building
Building Size (RSF): 7,664 SF
Gross Building Area: 7,718 SF
Gross Land Area: 39,998 SF
Sale Price: $675,000
Unit Price: $88.07 PSF
Property Use Type: Investment
Building Name: Security National Bank Bldg
Class of Space: Class B
Usable Size (USF): 7,664 SF
Sale Terms: Cash to Seller
Cap Rate: 7.3%
Average Occupancy Rate: 93
Last Updated: 12/11/2018

Overview / Comments

Two-Level building housing Security National Bank on the upper front level, the lower back level formerly housed a medical clinic. 2-Entrances, ample parking out the front doors, and well maintained landscape. 2 curb cut entrance/exits, Pylon signage, and building signage all available. Excellent for General Office, Medical spaces, or convert to sales offices or company offices.

Conveniently located at Millard Ave at 143rd, with street arteries E/W & N/S, and shopping of all kinds in the surrounding area. Signalized intersection, easy access.

Financials

Finance Data Year 2019
Real Estate Taxes - Annual($) $13,076 (Annual)
Tax Value Land $379,900
Tax Value Improvements $236,200
Assessed Value - Total($) $616,100 (Annual)
Potential Rental Income $110,652 (Annual)
Gross Operating Income $110,652 (Annual)
Net Operating Income $57,130 (Annual)
Actual or Proforma Year Proforma
Lender Name Your favorite lender
Loan Amount $540,000
Down Payment $135,000
Annual Debt Service $42,768 (Annual)
Interest Rate (APR) 5
Amortization Period 20

Current Tenants

Tenant Business Name Security National Bank
Contact Name Available Upon Accepted Offer
Industry Type Finance and Insurance
Is Renting? Yes
Tenant Business Name Heartland Financial Advisors
Industry Type Finance and Insurance
Is Renting? Yes
Tenant Business Name To Be Leased

Additional Details

Nearest MSA: Omaha-Council Bluffs
County: Douglas
Taxing Authority: Douglas County
Tax ID/APN: 1728003701
Zoning: CC
Property Located Between: 144th St & Millard Ave
Property Visibility: Good
Highway Access: Located on HWY 50 HWY 275- 8 Minutes I-80- 7 Minutes
Airports: Epply Airfield, 25 minutes
Site Description: Two level building with parking on three sides.
Area Description: Located off of the very busy Millard Avenue and 142nd Street. Surrounded by other businesses and residential
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 3,893 SF
Year Built: 1980
Year Renovated: 2008
Roof Type: Flat
Construction/Siding: Stucco
Exterior Description: Masonry/EFIS building surrounded by 60 parking spaces.
Parking Ratio: 7.6 (per 1000 SF)
Parking Type: Surface
Parking Description: 60 parking spaces on 3 sides of the building
Total Parking Spaces: 60
Heat Type: Natural Gas
Heat Source: Central
Air Conditioning: Package Unit
Interior Description: Two floor building with a bank upstairs and a previous medical office in the lower level Walk-Out.
Zoning Description: CC- Community Commercial
Lot Frontage: 144'
Lot Depth: 254
Water Service: Municipal
Sewer Type: Municipal
Easements: Utilities
Easements Description: Typical utility easements
Land Ownership: LSA Properties Management
Legal Description: LANDS SEC-TWN-RGE 12-14-11 IRREG NE 254.37 SW 497.46 FT S OF S ST & NW OF H/W 50 & NE OF U ST & KNOWN AS PARCEL 10-B .918 AC

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 17,340 100,587 214,050
Median Age: 35.99 36.48 36.9
Households: 6,763 38,377 84,032
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