Southwood Center Investment

Office for Sale
Catylist Listing ID: 30495786
Property Subtypes: Office Building
Building Size (RSF): 16,743 SF
Sale Price: $2,200,000
Unit Price: $131.40 PSF
Property Use Type: Net Leased Investment (NNN)
Building Name: Southwood Center
Class of Space: Class B
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/26/2019

Overview / Comments

Southwood Center is a Net Lease office investment located in Lincoln, NE. This is a split-level building with external entrances to the suites, creating little to no interior common area. The building is 85.7% occupied with leases that contain annual escalations. It is located on a main north-south thoroughfare, 27th Street, with traffic counts of 22,720 vehicles per day.

Financial information available with a signed Confidentiality Agreement.

Financials

Finance Data Year 2019
Real Estate Taxes - Annual($) $33,661 (Annual)
Net Operating Income $191,776 (Annual)
Actual or Proforma Year Proforma

Current Tenants

Tenant Business Name Encompass Care
Tenant Business Name Ehlers Accounting
Tenant Business Name Catalyst Psychology
Tenant Business Name Ridge View Accounting
Tenant Business Name Futurity First Insurance

Additional Details

Nearest MSA: Lincoln
County: Lancaster
Tax ID/APN: 0912430004000
Zoning: O-3
Year Built: 1996
Total Parking Spaces: 60

View FullscreenMap

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 15,319 84,541 185,503
Median Age: 37.59 37.05 35.16
Households: 6,504 34,593 74,386

Contact

Photograph of Listing Agent

Chris J Vasek

NAI FMA Realty MRCIE Member
Photograph of Listing Agent

Richard W Meginnis, SIOR

NAI FMA Realty MRCIE Member
© Copyright 2001-2019 Catylist. All Rights Reserved. The information presented herein is provided as is, without warranty of any kind. Neither Midlands Regional CIE nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.