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301 Park Plaza 301 S 70th St 33,222 SF 100% Leased Office Building Lincoln, NE 68510 $6,171,258 CAD ($185.76 CAD/SF) 9.24% 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
Price
$6,171,258 CAD
Price Per SF
$185.76 CAD
Cap Rate
9.24%
NOI
$569,919 CAD
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)
Space Availability
- Space
- Size
- Space Use
- Build-Out
- Available
Exterior office with windows
| Space | Size | Space Use | Build-Out | Available |
| 3rd Fl-Ste 318 | 170 SF | Office | - | Now |
3rd Fl-Ste 318
| Size |
| 170 SF |
| Space Use |
| Office |
| Build-Out |
| - |
| Available |
| Now |
3rd Fl-Ste 318
| Size | 170 SF |
| Space Use | Office |
| Build-Out | - |
| Available | Now |
Exterior office with windows
1 1
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 17-28-209-001-000 | Improvements Assessment | $2,803,453 CAD |
| Land Assessment | $982,720 CAD | Total Assessment | $3,786,173 CAD |
Property Taxes
Parcel Number
17-28-209-001-000
Land Assessment
$982,720 CAD
Improvements Assessment
$2,803,453 CAD
Total Assessment
$3,786,173 CAD
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301 Park Plaza | 301 S 70th St
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