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301 Park Plaza 301 S 70th St 33,222 SF 98% Leased Office Building Lincoln, NE 68510 For Sale 8.50% Cap Rate
Investment Highlights
- High visibility
- Strong historical occupancy
- Lots of natural light
Executive Summary
High visibility multi-tenant office building for sale. Located on South 70th Street, this office building boasts 100% occupancy, and upside potential through rent increases and lease restructuring. Current leases are landlord-friendly by including landlord termination options, making this a perfect purchase for an owner-user.
The property has received several recent upgrades, including several new HVAC units, a remodeled elevator, and new fire alarm monitoring system.
The property has received several recent upgrades, including several new HVAC units, a remodeled elevator, and new fire alarm monitoring system.
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Building Size
33,222 SF
Building Class
B
Year Built
1983
Cap Rate
8.50%
Percent Leased
98%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
11,074 SF
Slab To Slab
11’
Building FAR
0.60
Lot Size
1.27 AC
Zoning
B1 - Local business district with community retail/res above
Parking
118 Spaces (3.55 Spaces per 1,000 SF Leased)
Space Availability
- Space
- Size
- Space Use
- Condition
- Available
Interior office with glass door.
Interior office with glass door.
Exterior office with three windows.
| Space | Size | Space Use | Condition | Available |
| 3rd Fl-Ste 307 | 175 SF | Office | Full Build-Out | Now |
| 3rd Fl-Ste 309 | 175 SF | Office | Full Build-Out | Now |
| 3rd Fl-Ste 315 | 175 SF | Office | Full Build-Out | Now |
3rd Fl-Ste 307
| Size |
| 175 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| Now |
3rd Fl-Ste 309
| Size |
| 175 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| Now |
3rd Fl-Ste 315
| Size |
| 175 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| Now |
3rd Fl-Ste 307
| Size | 175 SF |
| Space Use | Office |
| Condition | Full Build-Out |
| Available | Now |
Interior office with glass door.
3rd Fl-Ste 309
| Size | 175 SF |
| Space Use | Office |
| Condition | Full Build-Out |
| Available | Now |
Interior office with glass door.
3rd Fl-Ste 315
| Size | 175 SF |
| Space Use | Office |
| Condition | Full Build-Out |
| Available | Now |
Exterior office with three windows.
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Walk Score®
Very Walkable (74)
Property Taxes
| Parcel Number | 17-28-209-001-000 | Improvements Assessment | $1,976,100 |
| Land Assessment | $692,700 | Total Assessment | $2,668,800 |
Property Taxes
Parcel Number
17-28-209-001-000
Land Assessment
$692,700
Improvements Assessment
$1,976,100
Total Assessment
$2,668,800
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301 Park Plaza | 301 S 70th St
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