11204 Davenport StOmaha, NE 68154

For Sale
$2,700,000

High-yield retail/office complex, strong tenant base.

Overview

Added:
Dec 11, 2024
Days on market:
92
This exceptional mixed-use investment property, located at 11204 Davenport St, Omaha, NE 68154, presents a compelling opportunity. The 15,250 square foot building, constructed in 1980 and extensively renovated in 2013, sits on a 1.17-acre lot and boasts a strong 6.50% cap rate. The asking price is $2,700,000, translating to $177.05 per square foot. The property features a diverse rent roll anchored by a long-term tenant with a recently renewed five-year lease extension commencing January 1, 2023. Significant capital improvements have been made, including a new roof (2018), a new concrete parking lot (2013), new windows (2013), and several newer RTU replacements. The building enjoys excellent visibility and accessibility to West Dodge Road, benefiting from its proximity to numerous restaurants, hotels, and other amenities within a one-mile radius. This single-story building offers a blend of executive and traditional office spaces, making it an ideal investment for discerning buyers seeking a stable, high-return property in a prime Omaha location. The property's strong tenant base and recent upgrades ensure a secure and profitable investment for years to come.

Highlights

  • New five-year lease extension with anchor tenant, commencing January 1, 2023.
  • Recent capital improvements including a new roof (2018), new parking lot (2013), new windows (2013), and several new RTUs.
  • Excellent visibility and accessibility to West Dodge Road.
  • Numerous restaurants, hotels, and amenities within one mile.

Property Details for 11204 Davenport St

Property type
Other retail properties, Other office properties
Square Feet
15,250 SF
Year Built/Renovated
1980/2013
Buildings
1
Stories
1
Lot Size (sq. ft)
50,965 SF

Location Insight

City
Omaha
County
Douglas
State
Nebraska
Latitude
41.261549228048
Longitude
-96.087793645683
11204 Davenport St, Omaha, Nebraska

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11204 Davenport St
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