Wakeley Plaza Office Condos

Office for Sale
Catylist Listing ID: 30588285
Property Subtypes: Mixed Use, Office Building
Building Size (RSF): 20,396 SF
Gross Building Area: See Agent
Sale Price: $2,450,000
Unit Price: $120.12 PSF
Property Use Type: Business
Class of Space: Class B
Sale Terms: Other
Cap Rate: Undisclosed
Last Updated: 3/25/2020

Overview / Comments

Tower Park was designed in 1983 by notable architectural firm Savage Findley as an urban infill project. The area grew around Peony Park and The New Tower Inn and the central location and proximity to hospital services proved to be a desirable location for a medical and office building and nearly 30 years later this still holds true. The property has been updated in the last two years with a new roof, new cedar siding, new mechanical systems, and remodeled common areas. In a 20 year period the property shows a consistent historical occupancy of over 90%. This is due to proximity to Dodge Street, Methodist and Children’s Hospital, and a plethora or retail and food services. The building is built in a way that tenants can take advantage of vaulted ceilings, natural light, column free open plans - making it an ideal investment to accommodate changing workplace needs.

The property was recently converted into a condominium association with three units - A, B and C. C sold to an owner/user in 2019 and units A and B are available for purchase together.

Additional Details

Nearest MSA: Omaha-Council Bluffs
County: Douglas
Submarket Type: Central Business District
Tax ID/APN: 2327295352
Parking Type: Surface
Total Parking Spaces: 1

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 10,910 133,326 344,199
Median Age: 37.65 36.18 34.73
Households: 5,370 58,793 140,808

Contact

Photograph of Listing Agent

Derick Lewin

PJ Morgan Real Estate
MRCIE Member
Photograph of Listing Agent

Ryan Ellis

PJ Morgan
MRCIE Member
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