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 a difficult tenant

Property Overview

Multi-Tenant Leased Industrial Building

11105 Mockingbird Drive | 11106 Q St | 5050 South 111TH St, Omaha, NE

1988 and 1995

144,452 SF

The End Result

August 21, 2018

$7,920,000

$54.82

MAJOR POINTS

  • Sale closed at contract price
  • Due diligence, loan assumption and closing occurred 53 days after execution of the Purchase and Sale Agreement
  • Price met both Purchaser and Seller objectives
  • Off market transaction
  • Investors Realty represented the

North Park Buildings 7 & 8