Posts Tagged ‘Industrial Flex’

Empire Spectrum I & II

Empire Spectrum I & II Industrial/Flex: Omaha,NE Property Highlights NOTES Property suffered from a lack of capital Yield Maintenance fee required assumption of life company loan Current debt balance required a debt|equity ratio of 61% Purchaser’s 1031 exchange required a short due diligence and loan assumption period Purchase and Sale Agreement required lease execution with…

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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…

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Airport 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…

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Empire 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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