5601 103Rd StOmaha, NE 68134

Property Details for 5601 103Rd St

Year built

1977

Lot size

2.34 AC

Property size (Sq ft)

35,774 SF

Zone code

CC

Property type

Office properties

Property subtype

Office buildings

APN

1134701200

APU

1134701200

Description

This exceptional investment opportunity presents a 36,121-square-foot, single-tenant net-leased data center and support office located at 5601 N 103rd St, Omaha, Nebraska, 68134. The property, built in 1977 and extensively renovated in 2022, sits on a 2.35-acre lot and offers ample parking (5.69 spaces per 1,000 sq ft). Currently 100% occupied by a financially strong tenant (Foundever Group, with $4 billion in revenue), the lease boasts a remaining term of 11.1 years, expiring December 30, 2035. The lease commenced December 31, 2020, and includes a 15-year term with built-in rent bumps of 3% every three years and options for two, five-year lease extensions. The property generates a strong net operating income (NOI) of $486,660, resulting in a compelling 7.00% cap rate. The asking price is $7,000,000. An assumable loan at a favorable 4.183% interest rate is available. The landlord has invested $850,000 in recent building improvements. This is a rare opportunity to acquire a stable, long-term net-leased asset in a prime Omaha location. The building is a three-story structure encompassing data center, executive, and training spaces.

• CAP approach

  CAP return

  Valuation

  6%

  $5,595,084

  6.5%

  $5,164,694

  7%

  $4,795,786

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,825,905

  Geo Method

  $1,825,905

• Alternative Use

  Use

  Valuation

  Residential

  $6,404,220

  Hospitality

  $5,866,231

  Educational

  $4,880,635

  Medical

  $5,048,488

  Retail

  $7,592,099

Location Insight

City

Omaha

County

Douglas

State

Nebraska

Latitude

41.31

Longitude

-96.075

CBSA code

36540

CBSA name

OMAHA-COUNCIL BLUFFS, NE-IA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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