standing bear townhomes-12 units click here for
Post on 03-Jul-2022
4 Views
Preview:
TRANSCRIPT
OFFERING SUMMARY
www.cbre.us/omahaPart of the CBRE affiliate network
INVESTMENT FOR SALE
STANDING BEARTOWNHOMES-12 UNITSN 144TH & FORT STREET14255-14275 ELLISON AVENUEOmaha, NE 68116
CLICK HERE FOR CONFIDENTIALLY
AGREEMENT OR
CONTACT BROKER
Sale Price ..................................................... $2,150,000 Cap Rate* (see Page 4 Proforma) .......................................6.0% Price per Unit .................................................. $179,167 Number of Units ........................................................ 12 Unit Mix ................................ (All) 2BR:1BA + 3/4BA + 1/2BA Lot Size .......................................................... 37,853 SFYear Completed ..................................................... 2009Average Rent (see Page 4 Proforma) ................... $1,400/monthOccupancy ......................................91.6%; One Vacancy Zoning ................................................... Mixed Use (MU)Assessed Value ............................................. $1,681,600
FIRST LEVEL (±956 SF):
+ Two car garage + Entry + Utility Room
SECOND LEVEL (±752 SF):
+ One master bedroom, master bath, walk-in closet + One bedroom + One full bath
UPPER LEVEL (±812 SF):
+ Open kitchen/dining + Living room with gas fireplace + Sliding glass door out to 194 SF deck + 1/2 bathroom + Utility room with washer/dryer
THE LAYOUT
www.cbre.us/omahaPart of the CBRE affiliate network
N 144TH& FORT STREETOmaha, NE 68116
PROPERTY DESCRIPTION The property is comprised of 12 townhome units all with ground level two-car garages; walk-up to second floor bedroom level, which has a large master bedroom with walk-in closet and 3/4 bathroom. Additionally, second level contains a medium sized second bedroom and full bath off the hallway. The upper level consists of open kitchen/dining area, 1/2 bath, utility room with washer and dryer, living room with gas fireplace and sliding glass patio door opening out to a 194 SF partially covered deck.
AREA DESCRIPTION The property is conveniently located in northwest Omaha, close to outdoor recreation, schools, shopping, services and entertainment. The site is positioned just north of Fort Street (a major east/west thoroughfare) and just off of 144th Street (a major north/south thoroughfare). This provides easy access to parks (Standing Bear Lake Recreation Area, Kelley Fields, Tranquility Park, etc.); as well as major arterials, such as: West Maple Road, West Dodge Road or Interstate 680 (via Fort Street, West Maple Road or Military Road).
The townhomes are located at the entrance to Standing Bear Lake Recreational Area, a beautiful 512 acre park with a 135-acre docked lake. This planned recreation area is great for kayaking, canoeing, paddle boarding, fishing, biking, walking and more. In the winter, the lake offers ice fishing and ice skating.
Adjacent to the townhomes are services and retail such as restaurants, lounge, salon, kid’s swimming lesson facility and daycare.
MULTI FAMILY INVESTMENT FOR SALE STANDING BEAR TOWNHOMES
FREE AND CLEAR The Standing Bear Townhomes are being offered free and clear of existing debt.
PROPERTY AMENITIES Spacious two bedroom units; full kitchen open to living room and dining room area, patio sliding door to deck with view; two-car garage on ground level.
STRONG DEMAND The property has had a strong occupancy history.
CONTACT USCBRE|MEGA11213 Davenport St, Ste 300Omaha, NE 68154+1 402 334 8877
MARK OBERMEYER First Vice President +1 402 697 5825 mobermeyer@cbre-mega.com
www.cbre.us/omahaPart of the CBRE affiliate network
ADDITIONAL PHOTOS
110818a © 2018 CBRE|MEGA, Inc. The information contained in this document has been obtained from sources believed reliable. While CBRE|MEGA, Inc. does not doubt its accuracy, CBRE|MEGA, Inc. has not verified it and makes no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs. All marks displayed on this document are the property of their respective owners. Photos herein are the property of their respective owners and use of these images without the express written consent of the owner is prohibited.
N 144TH& FORT STREETOmaha, NE 68116
MULTI FAMILY INVESTMENT FOR SALE STANDING BEAR TOWNHOMES
www.cbre.us/omahaPart of the CBRE affiliate network
Property Address 14255-14275 Ellison Avenue
Location Northwest Omaha, NE of N 144th and Fort Streets
County Douglas
Number of Units 12
Occupancy 91.6%; one vacancy currently
Number of Buildings One
Number of Floors Three
Parking Private 2-car garage per unit
Washer/Dryer Yes; each unit
Balcony Yes; each unit
Refrigerator/Stove Yes; each unit
Utilities Tenant pays electric, gas, water/sewer; Landlord pays garbage
PROPERTY INFORMATION
N 144TH& FORT STREETOmaha, NE 68116
MULTI FAMILY INVESTMENT FOR SALE STANDING BEAR TOWNHOMES
FINANCIAL ANALYSIS|STANDING BEAR TOWNHOMES - 12 UNITS$
Monthly Income (**Proforma) Monthly Annual
12 Units :: $1,400/mo. $ 16,800
Add: Other Income (i.e. Pets, Late Fees, etc.) $ 100
Total Rents $ 16,900 $ 202,800
Less Monthly Expenses:
Vacancy (5%) $ 845
Real Estate Taxes $ 3,034
Insurance $ 617
Electric Utilities $ 95
Gas Utilities $ 55
Sewer/Water $ 110
Trash $ 230
Snow Removal/Lawn-care $ 520
Repairs/Maintenance $ 620
Total Expenses $ 6,126 $ (73,512)
Net Operating Income** $ 129,512
List Price at 6% Cap Rate $ 2,150,000
www.cbre.us/omahaPart of the CBRE affiliate network
• Population 960,709 (2016); estimated growth of 1M people by 2020; 7% growth since 2010• #3 Most Up-and-Coming Cities in America (Omaha) Time Magazine, 2017• #3 Top 10 Cities for Economic Opportunity (Omaha) Harvard Business School – Oct. 2017• #28 125 Best Places to Live in the USA (Omaha) U.S. News & World Report – 2018
• Unemployment (Omaha MSA) • Job Growth (Omaha MSA) - 0.2% (April 2018) + 1.1% (April 2018)
• Commercial Construction Permits • Single Family Construction Permits + 64% (April 2018) + 3.6% (April 2018)
• Private Hourly Wages (Omaha MSA) • Airline Passengers (Omaha Enplanements) + 4.3% (April 2018) + 4.3% (April 2018) • Greater Omaha low cost of living, 14.9% above nation’s average • Youthful: 40% of population is 24 years of age or younger• Greater Omaha entrepreneurs earn twice as much ($62,665) national average ($31,488)• Greater Omaha cost of doing business, 6.1% below national average• #1 Best Cities for College Grads (Omaha) ZipRecruiter, 2018• #8 The Best American Cities to Work in Tech in 2018 (Omaha) SmartAsset, 2018• #7 Cities where Millennials Make the Most Money (Omaha) Credit Sesame, 2018• #6 Top 10 Arts-Vibrant Medium Communities (Omaha) SMU National Center for Arts Research, 2018• #2 Cities Where Renters Can Afford To Live Alone (Omaha) SmartAsset, 2018• #1 Beyond Silicon Valley: 5 Up-and-Coming Tech Hotspots (Omaha) Livability, 2018 • #13 The 20 Best Places in the US to Give You a Fresh Start (Omaha) MSN, 2018• #9 Top Destinations on the Rise – U.S. (Omaha) TripAdvisor, 2018• 5 Cities You Should Consider Moving to ASAP (Omaha) The Zoe Report, 2018• #4 – Best places to be a Teacher (Omaha & Council Bluffs) SmartAsset, 2017• #3 – Most Up-and-Coming Cities in America (Omaha) Time Magazine, 2017• Greater Omaha information industry is booming with an 8.8% ($173M) increase in 2016-17• #14 – The Hardest-Working Cities in America (Omaha) SmartAsset, 2017• #17 – Best Cities for Quality of Life (Omaha) NerdWallet, 2017• #8 – Best Large Real-Estate Market (Omaha) WalletHub, 2017• #9 – Best City for Renters (Omaha) WalletHub, 2017• #6 – Best Large City for First-Time Home Buyers (Omaha) WalletHub, 2017• Greater Omaha produces over $47B in goods & services each year
Source: Omaha Chamber of Commerce
OMAHA MSA COMPANIES IN OMAHA
Fortune 500
Berkshire Hathaway, Inc. (#2)Union Pacific Railroad (#143)Peter Kiewit Sons’ Inc. (#324)Mutual of Omaha (#342)
Fortune 1000
TD Ameritrade (#674)Green Plains Inc. (#662)Valmont Industries (#804)West Corporation (#864)Werner Enterprises (#934)
Anchor Companies
Conagra BrandsFacebookFirst DataGoogleLinkedInNovozymesPayPal
Nebraska Rankings•#5 America’s Top States to get an Education - CNBC, 2017• #7 Best States - U.S. News, 2018• #8 Every US State Economy Ranked Business Insider, 2018•#10 America’s Best States to Live - CNBC, 2017•#6 America’s Top States for Business Friendliness - CNBC, 2017•#13 Startup Activity/Rate of New Entrepreneurs - The Kauffman Index, 2017•#10 Best States for First-time Homebuyers Bankrate, 2017•#15 Top States for Well-Being Gallup, 2017
N 144TH& FORT STREETOmaha, NE 68116
MULTI FAMILY INVESTMENT FOR SALE STANDING BEAR TOWNHOMES
www.cbre.us/omahaPart of the CBRE affiliate network
OMAHA NEBRASKA
Greater Omaha is at the center of the nation, business and technology. It’s a city on the move with first-class resources, a strong business climate and a quality of life making it hard to match as an excellent choice for locating a business.
Greater Omaha’s central location in the heartland of the United
States has been an important factor in building its strong economy. Located on the western banks of the Missouri River, the area has been an important agricultural and transportation center since its establishment in the late 1850s. In its earliest history, Omaha was a trading center and the “Gateway to the West.” From these roots, it has steadily grown and is now the 42nd largest city and the 60th largest metro area in the nation. Greater Omaha’s current population is more than 925,858 within an eight-county metropolitan area and more than 1.3 million within a 60-minute drive.
Greater Omaha and the state of Nebraska place priority on a
strong business climate. Nebraska has among the nations lowest unemployment rate, presently at approximately 2.9% (June 2018). Omaha’s unemployment also remains among the lowest in U.S. cities at 3.1% (May 2018). The strength of the climate is reflected in the numerous high rankings the area has been given over the past several years. Most recently, Forbes magazine ranked Greater Omaha eighth among the “Best Cities for Jobs” while Business Facilities magazine ranked Omaha 15th in the “Top 20 Cities with the Most Educated Workforce.”
While rankings provide an important gauge, another excellent
reflection of business climate is development. During the past decade, Omaha’s central business district has benefited from more than $2 billion in recent development. The public-private partnerships in the area have been a key factor in these developments and across the metro area. This type of high-quality environment guarantees a rewarding lifestyle for natives and newcomers alike.
Independent studies by urban researchers also frequently rank
Greater Omaha high among metros of its size and larger. According to a study by The Media Audit, Omaha ranked second among the “Best Concert Markets” and was eighth for “Best
Places to Live for Affordable Housing” according to CNNMoney.com. In addition, Today.msnbc.com placed Omaha among its “Top 20 Best Places to Raise a Family.” The state of Nebraska is also consistently among the best in the nation and was ranked number four in the “Top 10 States for Quality of Life” by Business Facilities magazine. What cannot be quantified, however, is the friendly attitude and ethic of hard work which gives Greater Omaha that extra edge.
There is so much to see, do and enjoy in Greater Omaha, and
it’s all at a cost 10 to 12 percent below the national average, according to a recent pricing survey of 300 U.S. cities. According to the Milken Institute’s Cost-of-Doing-Business Index, Nebraska has the fourth-lowest cost-of-doing business.
Greater Omaha has always offered a wide variety of recreation and entertainment opportunities, but has taken a major leap forward with the completion of CHI Health Center / Omaha Convention Center and Arena. The $291 million facility recently expanded to up to 18,300 seats in the arena and has more than 240,000 square feet of convention space.
Source: Greater Omaha Chamber of Commerce from their “Greater
Omaha Executive Summary” document (www.omahachamber.org)
CONTACT USCBRE|MEGA11213 Davenport St, Ste 300Omaha, NE 68154+1 402 334 8877
MARK OBERMEYER First Vice President +1 402 697 5825 mobermeyer@cbre-mega.com
N 144TH& FORT STREETOmaha, NE 68116
MULTI FAMILY INVESTMENT FOR SALE STANDING BEAR TOWNHOMES
www.cbre.us/omahaPart of the CBRE affiliate network
N 144TH& FORT STREETOmaha, NE 68116
MULTI FAMILY INVESTMENT FOR SALE STANDING BEAR TOWNHOMES
LOCATION AERIAL
West Maple Road
12
0th
St
West Maple Road
Fort Street Fort Street
Ida Street
Ida Street
15
6th
St
14
4th
St
13
2n
d S
t
Hiro 88Juice Stop
KFCLong John SilversMcDonald’sDairy Queen
Marcus Majestic Cinema of OmahaAmerican National BankWest Maple Pediatric Dentistry
La Bella Vita Montessori School
ST VINCENT DE PAUL
CATHOLIC CHURCH
ALICE BUFFETT MAGNET MIDDLE SCHOOL
SITE
BIG
PAPIO
TRAIL
SwimtasticBellevue UniversityCountry Inn & SuitesCulver’sPersis Indian GrillSuper Cuts
Jade GardenPotbellyCold Stone CreameryThe Caddy Shack GrillLe PeepSy’s Tailor shop
STANDING BEAR LAKE &
RECREATION AREA
Woof & WhiskersRusty TacoTide Dry CleanersChipotleDollar TreeVerizon
CHAMPIONS RUN
Massage EnvyMassage Heights Blue SushiAmigo’s
Fresh ThymeHusker HoundsJimmy John’sFirst WatchChina BuffetTCBY
Park Your Paws DaycareJensen Tire & AutoCentris FCU Godfather’s PizzaSalon Capelli
Don & MilliesPizza HutLa MesaSubway
Century LinkUPS StoreDickey’s BBQScooter’s
CONCORDIA JUNIOR/SENIOR HIGH SCHOOL
Pizzeria DavlosAqua TotsDragon WokThompson Music
TRANQUILITY PARK
KELLEY SOFTBALL COMPLEX
CONTACT USCBRE|MEGA11213 Davenport St, Ste 300Omaha, NE 68154+1 402 334 8877
MARK OBERMEYER First Vice President +1 402 697 5825 mobermeyer@cbre-mega.com
Fantasy’s Food-n-FuelGenesis Health ClubDino’s StorageCarrabba’s Italian GrillFirestone Auto CareTaco BellJiffy LubeSalon ZWave BistroSonic Drive In
Learning ExpressTuesday MorningBuffalo Wild WingsGNCFamous FootwearHomeGoodsFirst National Bank
Applebee’s Wendy’sArby’s AutoZoneBurger KingVillage InnOffice Depot
Starbucks
top related