Skip to main content

Office

100% Occupied Office Building w/ Recent Upgrades & Strong Demographics

301 S 70th St, Lincoln, NE 68510

Listing Price: $3,955,000

Cap Rate
7.01%
Gross SF
33,222
Rentable SF
33,222
Price/Gross SF
$119.05
Lot Size
1.27 acres
Year Built
1983

Investment Overview

Marcus & Millichap is pleased to bring to market Park Plaza Office located in Lincoln, NE.

Investment Highlights

  • 100 Percent Occupied Office Building | Class B Finishes with Strong Tenant Mix
  • Leasing Upside Due to Short Term Leases | Ownership is Able to Increase Rent to Keep Pace With Inflation
  • New HVAC Units Recently Installed Along With New Roof Membrane and Parking Lot Restriping in 2019 | Elevator Upgrades are Currently Underway
  • Situated in a Dense Office, Retail, and Residential Corridor | Proximity to Gateway Mall Retail Hub
  • Adjacent to New Veterans Affairs Outpatient Clinic Which Opened in May 2022
  • Strong Demographics: Population Exceeds 206,300+ Within Five-Miles | Average Household Income Exceeds $86,800 Within One-Mile

Broker of Record

  • Jon Ruzicka

    First Vice President Investments

    (952) 852-9700

    License(s) NE: 20200223

    Nebraska

Financing By

Office

100% Occupied Office Building w/ Recent Upgrades & Strong Demographics

Listing Price: $3,955,000

Cap Rate
7.01%
Gross SF
33,222
Rentable SF
33,222
Price/Gross SF
$119.05
Lot Size
1.27 acres
Year Built
1983

Investment Highlights

  • 100 Percent Occupied Office Building | Class B Finishes with Strong Tenant Mix
  • Leasing Upside Due to Short Term Leases | Ownership is Able to Increase Rent to Keep Pace With Inflation
  • New HVAC Units Recently Installed Along With New Roof Membrane and Parking Lot Restriping in 2019 | Elevator Upgrades are Currently Underway
  • Situated in a Dense Office, Retail, and Residential Corridor | Proximity to Gateway Mall Retail Hub
  • Adjacent to New Veterans Affairs Outpatient Clinic Which Opened in May 2022
  • Strong Demographics: Population Exceeds 206,300+ Within Five-Miles | Average Household Income Exceeds $86,800 Within One-Mile

Investment Overview

Marcus & Millichap is pleased to bring to market Park Plaza Office located in Lincoln, NE.

Broker of Record

  • Jon Ruzicka

    First Vice President Investments

    (952) 852-9700

    License(s): NE: 20200223

    Nebraska

Financing By

MM Texture Background
MM Textured Background Lower