O Street Office Package

Office for Sale
Catylist Listing ID: 30569320
Property Subtypes: Office Building
Building Size (RSF): 10,634 SF
Gross Building Area: See Agent
Sale Price: $870,000 - 2,010,000
Unit Price: $81.81 - 189.02 PSF
Property Use Type: Net Leased Investment (NNN), Investment, Vacant/Owner-User
Class of Space: Class B
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 2/11/2020

Overview / Comments

O Street Office Building Package for sale.

The 8040 O Street property is a 5,494 S.F. building that is currently vacant and used to be a daycare. We will sell or lease this property. For sale for $870,000 or approximately $160.00/S.F. This would be a great daycare or small professional office building. We will also lease the 8040 building and are asking $13.50/NNN. We will provide a Tenant Improvement Allowance. The TI amount will be negotiated based on the financial strength of the tenant and term of the lease.

We also have the twin building, 8020 O Street, that is located directly to the west. This building has a long term lease with a very strong, single tenant on the main floor, The Physician Network, which has a birthing center located in the building. This building is 5,140 S.F. on the main floor and a 2,494 S.F. basement. This building is also for sale but only if someone purchases the vacant 8040 building as well.

In summary, the 8040 O Street building is for lease or the Owner would sell the vacant building by itself or both the fully occupied doctors building and the vacant building together. The Owner will not sell the 8020 O Street doctors building alone.

Two Options:
1. Purchase 8040 O Street
Asking price: $870,000 or approximately $160.00/S.F.

2. Purchase both 8020 O Street & 8040 O Street together.
Asking price: $1,140,000 based on a 7% cap rate of the $15.50/NNN rental rate.
Total Package: $2,010,000

Attachments & Media

Additional Details

Nearest MSA: Lincoln
County: Lancaster
Tax ID/APN: 1722441001000
Property Visibility: Excellent
Total Number of Buildings: 2
Total Parking Spaces: 37

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 8,215 80,623 191,912
Median Age: 38.68 38.01 35.48
Households: 3,300 35,170 79,632

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