Corporate Office Building / Medical Services

Office for Sale
Catylist Listing ID: 30152519
Property Subtypes: Medical, Office Building
Building Size (RSF): 11,718 SF
Gross Land Area: 33,256 SF
Sale Price: $1,450,000
Unit Price: $123.74 PSF
Ceiling: 10 ft.
Property Use Type: Net Leased Investment (NNN), Investment, Vacant/Owner-User
Building Name: Midwest Minor Medical
Class of Space: Class B
Usable Size (USF): 10,048 SF
Core Factor: 14%
Sale Terms: Cash to Seller, Purchase Money Mortgage
Cap Rate: Undisclosed
Average Occupancy Rate: 100
Last Updated: 12/11/2018

Overview / Comments

SIGNIFICANT PRICE CHANGE!! Built as a Corporate Office Building within the 84th & Q Street corner complex, the main floor was successfuly operated as a minor medical emergency care center until vacating 2016. Owner Physician has now retired. 1st floor Medical build-out is easily re-equipped for any medical use, including private practice, clinic and / or emergency medical services.

Corporate offices on 2nd floor, NOW Fully Leased.

Located in the business park/plaza with Priarie Life Fitness Center, former bank building turned physicians office, restaurant, and this corporate office facilty, access is available from both 84th St and Q Sts.

CITY CENTRE $175 Million development is 3-minutes S of the Subject site, on the same principal 84th St artery serving the N/S traffic pattern of Omaha/LaVista. This mixed-use development includes apartments, condos, retail, office, lakes and parks. A meltling pot of many diverse attractions.

The area includes massive demographics for supplying income levels and population levels to support office employees talent needs as well as customers for medical services. This demand will increase greatly as the CITY CENTRE development continues to grow and expand.


Finance Data Year 2017
Real Estate Taxes - Annual($) $27,944 (Annual)

Current Tenants

Tenant Business Name Grandmothers - Corporate Offices
Tenant Business Name Edward D Jones

Additional Details

Nearest MSA: Omaha-Council Bluffs
County: Douglas
Taxing Authority: Douglas County
Tax ID/APN: 2026841762
Property Located Between: 84th & Q Streets
Property Visibility: Excellent
Highway Access: Interstate 80 - 2.5 Miles N, on 84th Street
Airports: Omaha Eppley Airfield - 22 Minutes
Site Description: Level lot located within professional plaza that includes Prairie Life Fitness Center, Don & Millies Restaurant, a Doctors Offices building and this corporate offices/medical services potential.
Area Description: Located on a key intersection on two main traffic arteries, with retail, single family, and multi-family surrounding. High density and high average incomes prevail. PLUS the new CITY CENTRE is located 3-minutes South on 84th Street, creating a $175 Million dollar boost to the area.
Total Number of Buildings: 1
Number of Stories: 2
Typical SF / Floor: 5,859 SF
Year Built: 2002
Roof Type: Flat
Construction/Siding: Brick
Exterior Description: Brick Veneer
Parking Type: Surface
Parking Description: Attached parking lot. Cross Parking Agreement with adjoining Prairie Life Fitness.
Total Parking Spaces: 60
Passenger Elevators: 1
Sprinklers: None
Heat Type: Natural Gas
Heat Source: Central
Air Conditioning: Package Unit
Internet Access: Cable
Interior Description: Main floor built out as medical clinic space and operated as emergency care facility, with 2nd floor built out as offices and now fully leased
Zoning Description: CC - Community Commercial - Any type of Office and/or retail
Lot Frontage: 213
Lot Depth: 148
Water Service: Municipal
Sewer Type: Municipal
Easements: Utilities
Easements Description: Typical utility easements. Cross parking agreement.
Land Ownership: Midwest Minor, LLC
Legal Description: Lot 2 in Prairie Life Center Replat, City of Omaha, Douglas County, State of Nebraska

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 12,944 97,718 277,612
Median Age: 37.16 37.14 35.39
Households: 5,751 40,725 113,073
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