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Multi-Tenant Industrial Flex Building

11941 Centennial Rd La Vista, NE 68128

11941 Centennial Rd, La Vista, NE, 68128

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For Sale

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36,726 SF multi-tenant industrial flex building for sale.

Property Size36,726 SF

Price / SF$127.97

AddedMay 26

Days on Market51

Last RefreshMay 27 at 8:27 am

Property Features for 11941 Centennial Rd

General Information

Standard status: Active
Size: 36,726 SF
Property subtype: Industrial

Building Details

Year Built: 2006

Listing office NAI NP Dodge

Listing date May 26, 2026

Source Crexi

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

All listing content including descriptions, pricing, images are the copyrighted material of NAI NP Dodge

Investment Insights

Based on property information with market context.

This 36,726 square foot multi-tenant industrial flex building offers a value-add investment opportunity. The property provides stable in-place income with near-term upside potential through lease renewals and market rent growth. Currently, the building is occupied by three tenants with lease expirations scheduled for 2027. This provides investors with opportunities to increase returns through future rental rate adjustments and stabilization.

Key Highlights

36,726 SF multi‑tenant industrial flex building.
Value‑add investment opportunity.
Stable in‑place income.

Local Financial Insights For Industrial

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$313.6k	$8.54
− Vacancy	−$9.1k	−$0.25
EGI	$304.5k	$8.29
− OpEx	−$91.4k	−$2.49
NOI	$213.2k	$5.80

36,726 SF · lease $8.54/SF/yr · vacancy 2.90% · expense 30.00%

Alternative Uses

Best Use

Industrial

$3.05M

$2.66M – $3.55M (±1% cap)

NOI $213,181 @ 7.0% cap · market cap 4.54%

Second Best

Flex RnD

$2.79M

$2.44M – $3.26M (±1% cap)

NOI $195,310 @ 7.0% cap · market cap 4.16%

Theoretical Best

Office A

$9.86M

$8.62M – $11.50M (±1% cap)

NOI $689,894 @ 7.0% cap · market cap 14.68%

Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Flex space

Suggested Use

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For sale
Flex space
NE
La Vista
68128
11941 Centennial Rd

What type of property is this?

Flex space - 36,726 SF multi-tenant industrial flex building for sale.

Where is this flex space located?

The property is located at 11941 Centennial Rd La Vista, NE.

What is the asking price?

The asking price for this property is $4,700,000.

What are key features of this property?

This property features: 36,726 SF multi‑tenant industrial flex building.; Value‑add investment opportunity.; Stable in‑place income.