SouthPointe Office Building for Sale

Office for Sale
Sale Pending/Contingent
Catylist Listing ID: 30553226
Property Subtypes: Net Leased, Office Building
Status: Pending/Contingent
Building Size (RSF): 6,440 SF
Gross Building Area: See Agent
Gross Land Area: 0.46 Acres
Sale Price: $1,200,000
Unit Price: $186.34 PSF
Property Use Type: Net Leased Investment (NNN), Investment, Business
Class of Space: Class B
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/23/2020

Overview / Comments

An incredible opportunity to own an office building at the 32nd Street traffic circle entrance to Southpointe Pavilions - a highly-visible location with over 22,000 cars passing by daily. The building has two tenant spaces, one is leased through 2023. One space is vacant, which provides the new owner with the option of occupying part of the building while generating income from the other or using the entire property for investment income.

The property is ideal for a wide variety of uses including financial, insurance, medical, real estate, or other general office use. This could also be an ideal location for executive office suites.

Each 3,220 sf space has 2,308 sf on the first floor and 912 on the second. The vacant space was completely renovated in 2017 with great finishes and is move-in ready. It includes ten private offices (six on the ground floor, four on the second), one conference room, a work area, kitchen/break area, and reception. The other side was updated in 2018.

Suite A is also available for lease - see listing #30553620.

Attachments & Media

Additional Details

Nearest MSA: Lincoln
County: Lancaster
Taxing Authority: Lancaster County
Tax ID/APN: 16-18-327-006-000
Property Visibility: Excellent
Highway Access: 4 miles to US 77; 3 miles to Nebr Hwy 2; 14 mi to I-80
Airports: 12 miles to Lincoln Municipal Airport (LNK)
Site Description: Small business park just to the east of SouthPointe Pavilions. Other tenants include medical offices and a day care center.
Area Description: A very popular, high-traffic commercial area that is a mix of retail and and office in rapidly growing South Lincoln.
Total Number of Buildings: 1
Number of Stories: 2
Year Built: 2000
Year Renovated: 2017
Construction/Siding: Brick
Parking Type: Surface
Total Parking Spaces: 17
Heat Type: Natural Gas
Heat Source: Central
Air Conditioning: Package Unit
Lot Frontage: 125 ft
Lot Depth: 171 ft
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 17,961 66,116 147,387
Median Age: 36.57 38.01 37.54
Households: 6,800 26,674 61,684


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