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Net Lease

3445 Progressive Rd

3445 Progressive Rd, Seward, NE 68434

Listing Price: $7,621,920

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire 3445 Progressive Road, a leased industrial property in Seward, Nebraska. The Property is a masonry and metal warehouse constructed in 1987. the warehouse space consists of approximately 161,800 SF on 15 acres, which features approximately 63,750 SF of cold storage space rated up to 50 degrees.
The major tenant is Pioneer Hi-Bred International, a subsidiary of publicly traded Corteva Agriscience (NYSE: CTVA). Pioneer is one of the worlds largest commercial seed producers, which uses genetic research to develop hybrid seeds designed to increase quantity, quality, and sustainability of crop yields for farmers.
The Subject Property is located south of Seward, 0.5 miles from the Seward Municipal Airport, and 4 miles from I-80. Seward is the county seat of Seward County, located 25 miles from Nebraska's capital Lincoln. Seward County is intersected by Interstate 80, and Highway 34 and 15, and is home to approximately 17,000 people and 10 communities.

Investment Highlights

  • $7,621,920 Asking Price
  • 7.50% Cap Rate
  • 161,800 SF

Broker of Record

  • Jon Ruzicka

    First Vice President Investments

    (952) 852-9700

    License(s) NE: 20200223

    Nebraska

Investment Highlights

  • $7,621,920 Asking Price
  • 7.50% Cap Rate
  • 161,800 SF

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire 3445 Progressive Road, a leased industrial property in Seward, Nebraska. The Property is a masonry and metal warehouse constructed in 1987. the warehouse space consists of approximately 161,800 SF on 15 acres, which features approximately 63,750 SF of cold storage space rated up to 50 degrees.
The major tenant is Pioneer Hi-Bred International, a subsidiary of publicly traded Corteva Agriscience (NYSE: CTVA). Pioneer is one of the worlds largest commercial seed producers, which uses genetic research to develop hybrid seeds designed to increase quantity, quality, and sustainability of crop yields for farmers.
The Subject Property is located south of Seward, 0.5 miles from the Seward Municipal Airport, and 4 miles from I-80. Seward is the county seat of Seward County, located 25 miles from Nebraska's capital Lincoln. Seward County is intersected by Interstate 80, and Highway 34 and 15, and is home to approximately 17,000 people and 10 communities.

Broker of Record

  • Jon Ruzicka

    First Vice President Investments

    (952) 852-9700

    License(s): NE: 20200223

    Nebraska

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