2829 148Th Avenue Cir Omaha, NE 68144

Property Details for 2829 148Th Avenue Cir

Year built

1980

Property type

Self storage facilities

Description

This exceptional self-storage facility, located at 2829 148th Ave Cir, Omaha, NE 68144, presents a compelling investment opportunity. Boasting 59,440 square feet of rentable space across 407 units, the property enjoys an impressive 84.16% occupancy rate. Built in 1980, the facility offers significant upside potential, with a current asking price of $4,750,000, translating to $11,670.76 per unit. The property benefits from a 7.30% cap rate and a pro-forma cap rate of 9.51%, indicating strong potential for increased profitability. Situated in Douglas County, within Omaha's largest MSA, this asset benefits from a robust economic base, including several Fortune 500 companies and a large university population (University of Nebraska Omaha, ~15,000 students). The high-traffic location, nestled between Industrial Rd (40,000+ VPD) and W Center Rd (27,000+ VPD), ensures high visibility and accessibility. The average household income within a 3-mile radius is $146,017, reflecting a highly affluent area. Furthermore, the property includes 61 parking spaces and substantial air rights totaling 311,661 square feet, offering significant future development potential. Omaha's positive population growth and relatively low cost of living compared to other major U.S. cities further enhance the long-term investment prospects of this property. This is a rare opportunity to acquire a well-established, high-performing self-storage facility in a thriving market.

Location Insight

City

Omaha

County

Douglas

State

Nebraska

Longitude

-96.147

Latitude

41.232