Significant Assignment
House & Home Center
House & Home Center INDUSTRIAL FLEX PROPERTY: OMAHA,NE Property Highlights NOTES Well leased project with a unique concept and historically high occupancy rate Property was 100% occupied at closing Excellent set of long term tenants Property is served by a stop light with full movement access to Highway 275 Property Overview Flex / Showroom 3801…
Read MoreOne Val Verde Place
One Val Verde Place Retail Property: Omaha, NE Property Highlights NOTES Property Overview Retail Shopping Center 9631 Giles Road, La Vista, NE 2000 48,712 SF The End Result May 5, 2016 $4,800,000 $98.54 MAJOR POINTS Property went under LOI within 12 days of going to market Listing and Buyer both sourced by Ember Grummons Negotiated…
Read MoreAirport Commerce Center
Airport Commerce Center INDUSTRIAL FLEX PROPERTY: OMAHA,NE Property Highlights NOTES Property suffered from owner neglect Poor leasing demand in sub-market Property was 54% occupied at closing Property Overview Industrial Flex / R&D 1234 E Hartman Ave, Omaha, NE 1987 / 1989 / 2000 65,101 SF The End Result April 27, 2006 $3,550,000 $54.53 MAJOR POINTS Property…
Read MoreMetropolitan Business Center
Metropolitan Business Center Office Property: Omaha, NE Property Highlights NOTES Lengthy and difficult conduit loan assumption process Tenant in Common Seller had 22 TIC partners to coordinate with Property Overview Office Building 11128 John Galt Boulevard, Omaha, NE 1973, Renovated in 2001 136,968 SF on approximately 3.95 Acres The End Result May 1, 2012 $11,250,000…
Read MoreSpring Ridge Plaza Phase I & II
Spring Ridge Plaza Phase I & II RETAIL PROPERTY: OMAHA,NE Property Highlights NOTES Well located property opposite new Hy-Vee in high income area of Omaha Troubled property with high vacancy rate and many M-T-M and slow paying Tenants Phase I – 35% occupied Phase II – 100% occupied, but 63% of tenants significantly delinquent or…
Read MoreFort Plaza & Weber Place
Fort Plaza & Weber Place retail property: Omaha NE Property Highlights NOTES Package of two shadow anchored shopping centers Well established & maintained shopping centers with many long term tenants Property Overview Retail Shopping Centers 5402 North 90th Street | 7410 North 30th Street Omaha, NE 1990 39,994 SF | 38,802 SF The End Result…
Read MoreTuscan Oaks
Tuscan Oaks Retail Property: Omaha, NE Property Highlights NOTES High offering price per square foot Short remaining lease term with several tenants Price point too large for most individual investors, but too small for institutions Property Overview Commercial Strip Center 3309 Oak View Dr, Omaha, NE 2008 11,725 SF The End Result December 18, 2012…
Read MoreWest Glen Town Center
West Glen Town Center MIXED USE PROPERTY: DES MOINES, IA Property Highlights NOTES Property in receivership, with separate receivers for each of the two phases Commercial and office space only 60% occupied, with rents far below original projections and many non-performing tenants Gap between current market value and initial construction cost of approximately $100 million…
Read MoreBellevue Professional Center
Oak View Plaza Design is a funny word Property Highlights NOTES Property located on a secondary road – limited visibility Shorter lease terms on many of the major tenants Existing conduit loan on Phase I of the property Life company Loan in pre-payment lock-out period on second phase of property Complex title issues One tenant…
Read MoreEmpire Spectrum
Empire Spectrum Industrial Flex Property: Omaha, NE Property Highlights NOTES Adverse market conditions and significant gap between Buyer and Seller pricing expectations Buyer required six tenant renewals as a condition of the sale Significant tenant decided to vacate property a few days prior to closing Sale required assumption of two life company loans One of…
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