2829 148Th Avenue CirOmaha, NE 68144

For Sale
$4,750,000

High-Yield Self Storage Investment in Omaha, NE

Overview

Added:
Dec 11, 2024
Days on market:
92
This exceptional self-storage facility, located at 2829 148th Ave Cir, Omaha, NE 68144, presents a compelling investment opportunity. Boasting 59,440 square feet of rentable space across 407 units, the property enjoys an impressive 84.16% occupancy rate. Built in 1980, the facility offers significant upside potential, with a current asking price of $4,750,000, translating to $11,670.76 per unit. The property benefits from a 7.30% cap rate and a pro-forma cap rate of 9.51%, indicating strong potential for increased profitability. Situated in Douglas County, within Omaha's largest MSA, this asset benefits from a robust economic base, including several Fortune 500 companies and a large university population (University of Nebraska Omaha, ~15,000 students). The high-traffic location, nestled between Industrial Rd (40,000+ VPD) and W Center Rd (27,000+ VPD), ensures high visibility and accessibility. The average household income within a 3-mile radius is $146,017, reflecting a highly affluent area. Furthermore, the property includes 61 parking spaces and substantial air rights totaling 311,661 square feet, offering significant future development potential. Omaha's positive population growth and relatively low cost of living compared to other major U.S. cities further enhance the long-term investment prospects of this property. This is a rare opportunity to acquire a well-established, high-performing self-storage facility in a thriving market.

Highlights

  • Omaha, Nebraska's largest MSA, boasts a population exceeding 1.96 million within its 146+ square miles and shows positive population growth projections.
  • Omaha's robust economy features multiple Fortune 500 companies like Berkshire Hathaway, Union Pacific, and Mutual of Omaha.
  • High-income area: Average household income within a 3-mile radius is $146,017, coupled with a relatively low cost of living.
  • High-traffic location: Property enjoys excellent visibility, situated between Industrial Rd (40,000+ VPD) and W Center Rd (27,000+ VPD), near the University of Nebraska Omaha (15,000+ students).

Property Details for 2829 148Th Avenue Cir

Property type
Self storage facilities, Industrial properties
Year Built
1980
Units
407

Location Insight

City
Omaha
County
Douglas
State
Nebraska
Latitude
41.2319974
Longitude
-96.1470082
2829 148Th Avenue Cir, Omaha, Nebraska

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2829 148Th Avenue Cir
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