Property Highlights
NOTES
- 95% occupied Class A multi-tenant shopping center
- Historically well-leased center with strong remaining lease terms, including Natural Grocers through 2028
- One-mile median household income over $150,000
- Located opposite Bakers Supermarket (Kroger) and Super Target; Walmart and Lowe’s located one-quarter mile to the west
- Assumable non-recourse loan with favorable financing terms
- All roofs and HVAC units replaced in 2017
Property Overview
Retail Property
17520 TO 17602 Wright Street, Omaha, NE
37,470
The End Result
November 30, 2018
$7,375,000
$196.82
MAJOR POINTS
- Property closed at 94% of asking price despite losing a tenant who was expected to renew
- Buyer assumed existing life company loan
- Loan assumption and closing completed 52 days after purchase agreement execution
