Office Investment Sale

Office for Sale
Catylist Listing ID: 30170409
Property Subtypes: Net Leased, Office Building
Building Size (RSF): 30,820 SF
Gross Building Area: See Agent
Sale Price: $5,995,000
Unit Price: $194.52 PSF
Property Use Type: Net Leased Investment (NNN), Investment
Class of Space: Class B
Sale Terms: Cash to Seller
Cap Rate: 6.9%
Average Occupancy Rate: 100
Last Updated: 7/9/2018

Overview / Comments

This is a great investment opportunity which includes a fully leased suburban office building. This building has been 100% occupied since its construction in 2004. It was originally built by a commercial construction company for its home office but was instead leased as an investment property. The current tenant, Celerion, has leased portions of the building since 2005 and currently leases the entire building. The property shares common parking with a commercial association and has easy access to Nebraska Highway with visible signage on the building.

Additional Details

Nearest MSA: Lincoln
County: Lancaster
Tax ID/APN: 09-02405-003-000
Total Parking Spaces: 88
Zoning Description: O-3

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 11,763 111,419 219,099
Median Age: 38.5 34.59 34.62
Households: 4,609 46,923 87,503


Photograph of Listing Agent

Richard W Meginnis, SIOR

NAI FMA Realty MRCIE Member
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