5601 103rd St, Omaha, NE 68134-1006
- Office buildings
- 35,774 SF
- 2.34 lot acres
Current Use by Public Records
- Sitel Corporation / Corporate Office
Property Details for 5601 103rd St
- Year built
- 1977
- Lot size
- 2.34 lot acres
- Zone code
- CC
- Property type
- Office buildings
- APN
- 1134701200
- APU
- 1134701200
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Nov 20, 2020 | — | Friedman Family LP | Friedman Thama L Trust | Quit Claim Deed · related | — |
| Nov 20, 2020 | $5,250,000 | Edge 5601 103rd St LLC | Friedman Family LP | Special Warranty Deed | $4.2M · Jpmorgan Chase Bank NA |
| Dec 26, 2007 | — | Friedman Family | Friedman,willard L & Thama L | Quit Claim Deed · related | — |
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.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $5,290,000
- ML approach
- $5,265,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $5,727,000
- AI Estimate
- $3,557,000
Market price range: $3.29M - $7.66MMarket price range: $1.23M - $5.20M -
Alternative Use
- Use
- Estimation
- OFFICE BUILDING
- $5,220,000 Current use
- NEIGHBORHOOD: SHOPPING CENTER
- $6,685,000 Change: +28% Conversion: Difficult
- RETAIL STORES
- $5,590,000 Change: +7% Conversion: Moderate
- MEDICAL BUILDING
- $5,405,000 Change: +4% Conversion: Easy
- AUTO REPAIR, GARAGE
- $5,310,000 Change: +2% Conversion: Difficult
- COMMERCIAL (GENERAL)
- $5,010,000 Change: -4% Conversion: Easy
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Omaha
- County
- Douglas
- State
- Nebraska
- Longitude
- -96.075
- Latitude
- 41.31
- CBSA code
- 36540
- CBSA name
- OMAHA-COUNCIL BLUFFS, NE-IA METROPOLITAN STATISTICAL AREA
