Center on N

Office for Sale
Sale Pending
Catylist Listing ID: 30173845
Property Subtypes: Office Building
Status: Pending
Building Size (RSF): 208,111 SF
Gross Building Area: 228,145 SF
Sale Price: $19,000,000
Unit Price: $91.30 PSF
Property Use Type: Investment
Building Name: Center on N
Class of Space: Class A
Usable Size (USF): 228,145 SF
Core Factor: 14%
Sale Terms: Cash to Seller
Cap Rate: 9.1%
Average Occupancy Rate: 91
Last Updated: 4/27/2018

Overview / Comments

The Center on N is a four building Class A office portfolio and an attached 268-stall parking structure, covering ¾ of a block in downtown Lincoln, Nebraska. The building area totals 228,145 RSF (per BOMA) and the office space is currently 83% leased to a diverse roster of quality credit tenants, nearly three
quarters of which have investment grade credit ratings. The property features amenities such as the attached covered parking, downtown skywalk access, bike lane access, fitness and shower facilities, common conference room and on-site management/maintenance. The Center on N is well situated in the heart of Lincoln’s Central Business District in close proximity to the City/County Building, State Capitol, University of Nebraska main campus, as well as many restaurants and hotels. This is truly a unique and superior asset in
the Midwestern market.

Additional Details

Nearest MSA: Lincoln
County: Lancaster
Tax ID/APN: 10-26-210-001-000, 10-26-210-004-000, 10-26-210-002-000
Zoning: B-4
Property Visibility: Excellent
Total Number of Buildings: 3
Number of Stories: 8
Parking Type: Structure
Total Parking Spaces: 268

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 24,565 121,744 232,969
Median Age: 26.61 30.96 34.18
Households: 8,726 48,642 94,116


Photograph of Listing Agent

Chris J Vasek

NAI FMA Realty MRCIE Member
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