OFFICE CONDO FOR SALE

Office for Sale
Catylist Listing ID: 30711579
Property Subtypes: Office Building, Other
Building Size (RSF): 1,729 SF
Gross Building Area: See Agent
Sale Price: $250,000
Unit Price: $144.59 PSF
Property Use Type: Vacant/Owner-User
Sale Terms: Undisclosed
Cap Rate: 7.8%
Average Occupancy Rate: 40
Last Updated: 7/26/2021

Overview / Comments

1919 S 40th St. Unit #308 | Lincoln, NE 68506 - About the Property

This newly remodeled 1,729 SF office unit at Plaza Mall South is available for purchase as an investment or for an owner/user. It's comprised of five executive office suites and features a shared reception area/waiting room, bathroom, small kitchenette, and a community conference room.

Each office has an abundance of natural light with windows facing north and east. Plus there are 50+ conveniently located parking stalls, covered basement parking, and additional storage available.

This building is centrally located north of 40th and South streets.

SALE DETAILS:
Price: $250,000
Cap Rate: 7.8% Adjusted Cap
Occupancy: 40%

Current Tenants

Tenant Notes Long term tenants currently pay $400-$650 per month. Tenants currently are month to month. One available vacancy that’s projected at around $500 per month.

Additional Details

Nearest MSA: Lincoln
County: Lancaster
Tax ID/APN: 1731200017000
Total Number of Buildings: 1
Year Built: 1996
Total Parking Spaces: 50

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 19,504 147,260 236,933
Median Age: 36.98 35.29 34.74
Households: 8,417 61,208 96,137

Contact

Photograph of Listing Agent

Chris J Vasek

LINE Partners MRCIE Member
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