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301 Park Plaza 301 S 70th St 33,222 SF 100% Leased Office Building Lincoln, NE 68510 For Sale 8.50% Cap Rate
Investment Highlights
- High visibility
- Strong historical occupancy
- Lots of natural light
Executive Summary
High visibility multi-tenant office building for sale. Located on South 70th Street, this office building boasts 100% occupancy, and upside potential through rent increases and lease restructuring. Current leases are landlord-friendly by including landlord termination options, making this a perfect purchase for an owner-user.
The property has received several recent upgrades, including several new HVAC units, a remodeled elevator, and new fire alarm monitoring system.
The property has received several recent upgrades, including several new HVAC units, a remodeled elevator, and new fire alarm monitoring system.
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Building Size
33,222 SF
Building Class
B
Year Built
1983
Cap Rate
8.50%
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
11,074 SF
Slab To Slab
11’
Building FAR
0.60
Lot Size
1.27 AC
Zoning
B1 - Local business district with community retail/res above
Parking
118 Spaces (3.55 Spaces per 1,000 SF Leased)
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Walk Score®
Very Walkable (74)
Property Taxes
| Parcel Number | 17-28-209-001-000 | Improvements Assessment | $2,703,898 CAD |
| Land Assessment | $947,821 CAD | Total Assessment | $3,651,719 CAD |
Property Taxes
Parcel Number
17-28-209-001-000
Land Assessment
$947,821 CAD
Improvements Assessment
$2,703,898 CAD
Total Assessment
$3,651,719 CAD
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301 Park Plaza | 301 S 70th St
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