Suburban Office Building For Sale

Office for Sale
Catylist Listing ID: 30588065
Property Subtypes: Office Building
Building Size (RSF): 14,401 SF
Gross Building Area: See Agent
Sale Price: $1,699,000
Unit Price: $117.98 PSF
Property Use Type: Net Leased Investment (NNN), Vacant/Owner-User
Class of Space: Class B
Sale Terms: Cash to Seller, Owner Financing
Cap Rate: Undisclosed
Last Updated: 4/7/2020

Overview / Comments

Owner/Investor office opportunity in southeast Lincoln next to Southpointe Pavilions, grocery stores, and other amenities. This 14,401 SF office has potential for NNN leased investment and options for an owner user. Two spaces totaling approximately 2,300 SF are currently leased. The remaining spaces are currently vacant or will be vacated by summer 2020. The first floor has about 9,000 SF and is currently divided into four suites. The second floor is about 5,400 SF and was primarily used by one of the former first floor tenants but can be divided for multiple users. Seller financing available.

The building was constructed in 1998 with an O3 zoning. Second floor features skylights and large windows to allow plenty of natural light for the space. The office park is well maintained with reasonable association fees that pay for parking lot maintenance and snow removal. This building has mostly newer HVAC units and a new roof was installed in 2018. NNN expenses are approximately $3.44/SF.

Attachments & Media

Additional Details

Nearest MSA: Lincoln
County: Lancaster
Tax ID/APN: 1619136007000
Total Number of Buildings: 1
Number of Stories: 2
Year Built: 1998
Parking Type: Surface
Total Parking Spaces: 46

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 17,961 60,382 150,386
Median Age: 36.57 37.73 37.4
Households: 6,800 24,363 62,040

Contact

Photograph of Listing Agent

Jared Froehlich

NAI FMA Realty MRCIE Member
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