3321 Island CirGrand Island, NE 68803

This exceptional investment opportunity presents a multi-tenant warehouse totaling 76,420 square feet situated on a 6.27-acre lot in Grand Island, Nebraska. The property, comprised of two buildings constructed between 2007 and 2012, boasts nine dock-high doors, three grade-level doors, and impressive ceiling heights ranging from 16 to 18 feet. Currently 92.02% occupied by two long-term manufacturing tenants, Hastings Foods LLC and Optimas OE Solutions, the property generates a substantial net operating income (NOI) exceeding $715,104, with a pro-forma NOI of $775,104, reflecting an 8.32% cap rate and a pro-forma cap rate of 9.01%. The property is zoned for heavy manufacturing and benefits from its strategic location at the intersection of US Routes 281 and 30, offering convenient access to major transportation arteries, including Interstate 80 (approximately a two-hour drive southwest of Omaha). The asking price is $8,600,000, translating to $112.54 per square foot. An adjacent 0.95-acre lot at 702 South Webb Road is also available for acquisition. The property features heavy three-phase power (2000 volts and 480 amps). This presents a rare opportunity in a tight market with a 1.0% vacancy rate and no new construction underway. A loan assumption option exists with a 4.2% interest rate and 10 years remaining on the term.