DIGEST COMMERCIAL REAL ESTATE - Investors...
Transcript of DIGEST COMMERCIAL REAL ESTATE - Investors...
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sales & leasingJohn Dickerson, CPM
Lee Ehlers, CCIMBrian Farrell
Steve Farrell, CCIM, SIOREmber Grummons, CCIM
John Heine, CCIM, JDJerry Heinrichs, CCIM
Jerry Huber, CCIMTim Kerrigan, CCIM, SIOR
Brian KuehlRyan Kuehl
Pat MorrisMike Moylan, CCIM
R.J. Neary, CCIM, SIOR, CREJ.P. Raynor, JD
Patrick S. ReganMike Rensch
Clint SeemannKevin J. Stratman
Jeanette Weber, CPMRyan Zabrowski, CCIM, SIOR
propertymanagement
Stephanie ChevalierCarla Chin, CPM
Bev Ellis, CPMLaura Hansen, NALP, CAM
Dawn HolstLaci McCallum
Nicole MorrisonTodd Trimpe
Sydney Weller
shared services
Correen Harrell, CFOTim Langan, COO
DIGESTCOMMERCIAL REAL ESTATE
MA R C H 2018
THE BRIGHT SPOTS
Grocery stores, warehouse retailers and dollar stores are still holding their ground and continue to expand and innovate. They compose a sector of the real estate market that is still a haven for investment buyers. These stores are evolving online by offering delivery, online ordering and pick-up. Overall, retailers that are incorporating technology to enhance customer experience are currently succeeding.
Open air shopping centers and superregional malls are thriving across the country and proving to be a resilient segment of the retail real estate market. The success of these types of developments indicate that people still enjoy traditional shopping and interacting with their local communities.
Service businesses such as preschools, daycares, health clubs, family entertainment, movie theatres and pet care businesses continue to lead the market in activity as the demand remains steady.
Mixed use projects are becoming more popular because developers are not relying solely on shopping to drive traffic, but rather developing a location where people can live, work and play. Walkability has become a driving factor behind the way developers choose to build new projects and where they choose to locate them.
Last, a lack of speculative development in small shop retail is lowering supply, which is driving vacancies down. Retail development will always follow and thrive on housing, and the strong housing market is creating new areas for commercial development to follow.
THE CHALLENGES
The impact of e-commerce on brick-and-mortar continues to be the hottest discussion topic in the retail sector. The growth of Amazon is at the root of this changing market. Amazon is innovating and changing habits of consumers while everyone else is trying to keep pace. In 2017, Amazon’s market share of e-commerce sales was 44 percent, and that number is expected to continue to climb.
This change in the way consumers are purchasing is causing investors and developers to be bearish on the retail sector. Many big box stores and department stores are in slow decline. They are dramatically shrinking in size, rents are outpacing sales growth and inducing closures, and cap rates are rising. Retail store closings are up dramatically over the past few years, and landlords are seeing their rental rates dive when faced with having to repurpose these overly large retail spaces. Many have found alternate uses in the fitness and entertainment industries, thrift or religious services – even offices users are eyeing these spaces.
Other segments of the market affected by changing consumer habits are traditional enclosed malls, department stores and independent “mom and pop” stores. They continue to struggle to remain relevant as fewer consumers are choosing these routes to make purchases, and specialty chain stores known as category killers are cutting into their market share. Category killers have a wide selection and increased purchasing power which overpowers their competition. New development is favoring open air malls and power centers who focus on brand names and category killers that bring them out from under one roof.
THE LOCAL SCENE
In Omaha, 2017 brought the closure of all four metro area Gordman’s locations, and a closing of a K-Mart at 50th and L Street completed the closings of all area K-Mart stores in 2017. Shopko locations at 84th and West Center Road and 90th and Fort Street joined the list of large footprint stores to bite the dust. Lastly, two Omaha area Office Max stores closed, one at Shadow Lake Towne Center and one near 132nd and West Center Road. Combined, these closures added approximately 535,000 square feet to the market.
Some Omaha landlords have already started repurposing big box stores in new and creative ways. Examples include:
By Brian Farrell
MARKET REPORT
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March 2018
commercial real estate
DIGEST•theformerK-MartinEagleRunonWestMaple
successfully backfilled with junior anchor tenants Sierra Trading Post, Burlington Coat Factory, TJ Maxx and Homegoods
•theformerBestBuyatLStreetMarketplacenear120th and L Street was backfilled by Ross Dress For Less
•theformerShopkoat90thandFortStreetwas backfilled by an indoor climate controlled storage facility, and the same use is being proposed for the former K-Mart at 50th and L Street
•manyoftheOmahaareaBag&Savestoresthat closed when the company restructured have now been backfilled, with one example being a new-to-market tenant called Urban Air Trampoline Park, which took 30,000 square feetoutoftheformerBag&Saveon153rdand Q Street. This is a perfect example of the type of tenant that can make good use of the economical pricing, high ceilings and high parking ratios associated with a closed big box store.
The outlook for 2018 for Omaha retail is mixed. We think there will continue to be closings, evidenced already by the 2018 closing of a 30,000 square foot Babies R Us near Oakview Mall. However, there are several large mixed-use developments that have retail components currently under construction and set to come online over the next few years. These include West Farm near 144th and West Dodge Road, a new development on the Northeast corner of Hwy 370 and I-80 to include six new car dealerships, and Avenue One near the corner of 192nd and West Dodge Road. Not only could these developments bring some new-to-market retailers, but they could reshuffle the deck for retailers that may want to relocate from other areas of town. These relocations certainly will boost interest in these areas of new development, but will also further depress large, concentrated areas of retail like Oakview Mall, which continue to decline.
In summary, the profile of retail will continue to change and in the long haul we think the square footage that has disappeared in the downsizing of these major retailers will bring new opportunity for other sectors of retail to backfill these spaces. Going forward, new construction of big box stores in Omaha is likely to be very sparse in favor of increased activity in construction for small warehouse and distribution centers associated with online retailing.
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The Extraordinary Size Of Amazon In One ChartAmazon is bigger than many top brick and mortar retailers put togetherMarket value as of December 30, 2016
$297.8B$355.9B
Here is how the value of these companies has changed over the last 10 years:
COMPANY MARKET VALUE2006
MARKET VALUE2016
% CHANGE
Source: Yahoo Finance (peak value in 2006), Google Finance (values for Dec 30, 2016)
$17.5B $355.9B 1,934%
$214.0B $212.4B 1%
$51.3B $40.6B 21%
$28.4B $13.2B 54%
$24.2B $11.0B 55%
$24.2B $8.8B 64%
$12.4B $8.3B 33%
$18.1B $2.6B 86%
$27.8B $1.1B 96%
Retail ReelingU.S. retailers are on pace to close the most stores in more than a decade...U.S. Store Closings
2000 2005 2010 2015 2017
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March 2018
commercial real estate
DIGEST
The past few years have marked an incredible period of expansion for the Omaha Industrial Market. New industrial parks are currently under development, construction is robust, and both local and regional users are contemplating expansion. The past twelve months were no exception. However, what is most impressive is not what happened in 2017, but what lies ahead in 2018 and beyond.
Since 2015, Investors Realty has tracked over 625.11 acres of undeveloped ground that has sold for new industrial development. This is a staggering number when you consider that the most recent industrial park development prior to two years ago occurred in the early 2000s. Not surprisingly, Sarpy County is seeing most of these developments due to available land. Although the nature of the industrial parks varies from light industrial to warehousing and logistics hubs, these developments will greatly aid the much-needed expansion of the Omaha industrial market going forward.
In 2017, the industrial market saw 951,387 square feet of new construction deliveries. Most of this
The 105th Legislature, Second Session of the Unicameral, started in January. There were over 500 bills added to the 667 bills introduced in the First Session. The Nebraska Association of Commercial Property Owners (NACPO) has identified 84 bills that affect commercial and investment real estate. NACPO is actively monitoring, supporting or opposing these bills.
Major issues fall into two main categories: Taxes and Development/Tax Credits. Tax bills are covered in the local news almost daily. Two bills affect real estate sales. One bill would impose a 1 percent fee on the sale price, and the other would raise the documentary stamp fee by 50 cents to $2.75 per $1,000. NACPO opposes both bills and is monitoring other tax bills.
construction occurred in the new developments in the table above. Oxbow Animal Health, for example, moved into its new 247,000 square foot manufacturing facility and warehouse at 150thandSchramin2017.R&RRealty’sR&RCommerce Park, located at Hwy 50 and Hwy 370, broke ground in 2017, and will not have space completed and ready for occupancy until 2018. Others, such as the I-80 Logistics Hub, located at 132nd and Cornhusker, are planning to break ground in 2018. What is important is that for the first time in arguably decades, the market has multiple developments in the pipeline at the same time. This will continue to meet some of the growing demand for industrial space going into 2019 and beyond.
NACPO is opposed to most Development/Tax Credit bills. However, NACPO supports LR16CA (Constitutional Amendment), which allows a 20-year TIF period in cases of extremely blighted properties.
Additionally, there are bills concerning the appeals on property valuations. One bill, sponsored by NACPO, would switch the burden of proof of a valuation to the County Assessor rather than the taxpayer. Other bills would make changes to Tax Equalization and Review Commission (TERC) rules.
For questions and comments about legislative issues, please contact John Dickerson at 402-778-7521. John is the current President of the Nebraska Association of Commercial Property Owners.
By Kevin J. Stratman
By John Dickerson, CPM
MARKET REPORT
LEGISLATIVE REPORT 2018
YEAR SOLD LOCATION SUBMARKET SIZE (AC)
2015 156th and I-80 Sarpy West 29.55
2016 156th and Gold Coast Rd. Sarpy West 70.63
2016 114th and Valley Ridge Rd. Sarpy West 55.04
2016 Hwy. 50 & Hwy. 370 Sarpy West 76.18
2016 218th & Hwy. 6 Sarpy West 73.72
2017 132nd and Cornhusker Sarpy West 138.92
2018 204th and Hwy. 370 (Pending) Sarpy West 96.9
2018 156th and Schram (Pending) Sarpy 84.17
TOTAL 625.11
March 2018
commercial real estate
DIGEST
Omaha’s office market enjoyed a number of significant transactions in 2017, and has over 500,000 square feet currently under construction. However, aside from a handful of notable transactions, most of the activity in the office market was uninspired. The overall lack of velocity in the market is, we think, more attributable to a lack of opportunities for tenants than a lack of interest. Without product, tenants are postponing real estate decisions, and those eyeing the Omaha market with significant expansion plans have to look elsewhere.
Below are some highlights from our recently-released Office Market Report. To access the full report, please visit www.investorsomaha.com
DOWNTOWN OMAHA saw its vacancy rate decrease to 12.3 percent, driven primarily by the leasing at ConAgra Building 5. This vacancy rate is expected to further decrease as ConAgra Building 1 is slated for demolition and will be off the market, and there is leasing activity brewing in the approximately 50,000 square foot Gavilon sublease space as well as at Central Park Plaza. Further, the Landmark Building could see most of its 139,000 square foot vacancy eliminated with the creation of a boutique hotel. The announced redevelopment of the ConAgra campus also offers exciting potential for the central business district.
The NORTHWEST SUBMARKET, which is primarily driven by North Park office park, was unable to sign leases until new ownership electrified the market in late 2015 and 2016. This submarket ended 2016 at 4.2 percent vacancy, but that number has nearly doubled to end 2017. However, this increased vacancy offers needed opportunity for tenants and brokers who have limited choices for 20,000 to 30,000 square foot spaces.
VACANCY climbed in the Central West Dodge, Midtown, Northwest and Southwest submarkets. The new construction the market is experiencing is very helpful, but vacancy is down to 1.8 percent in the critical Suburban West Dodge submarket, which makes new transactions in this desirable area almost impossible. The overall market vacancy rate increased slightly to 11.1 percent, 20 basis points higher than year-end 2016. Although the rate increased, it is still below historical rates.
In 2017, we saw CONSTRUCTION completed of six new major office buildings consisting of a total of 72,800 square feet, which was significantly
down from the 275,583 square feet completed in 2016. Of the over 500,000 square feet of office space currently under construction, only 100,000 square feet is available for lease. Much needed new office construction is planned for 2018 in
Aksarben and along West Dodge Road.
Asking RENTAL RATES across the market experienced an increase of $.56 per square foot on average in 2017, but were down $.33 per square foot from the second quarter high. This rise in asking rental rates is likely a result of higher construction costs and lack of quality leasing options rather than demand.
In, 2017 ABSORPTION was a lackluster 135,383 square feet, the lowest since 2011, and well below the 250,000 square feet of positive absorption the market typically experiences. Class A and B buildings drove the positive absorption for the year with 62,514 and 140,657 square feet respectively, while Class C buildings were a drag on the market with 67,788 square feet of negative absorption. Suburban Omaha experienced 5,972 square feet of positive absorption while Downtown Omaha experienced 129,411 square feet of positive absorption.
HOW DOES OMAHA COMPARE NATIONALLY?
The national economy appears strong and corporate profits solid. We think the recent tax law changes are having an overall positive impact on the commercial real estate industry. New construction and speculative construction nationally have been in check and we think the national office market will continue its steady expansion.
The local economy is stable, and the agricultural economy, which has suffered over the last several years, appears to have stabilized as well. Omaha businesses are reporting generally strong operating results and 2017’s lack of office activity should translate into a strong 2018 for Omaha’s office market. We generally see a stable 2018 with the primary markets like Downtown, Aksarben and Suburban West Dodge being very successful with new construction and leasing over the next two years.
For a closer look at how Omaha compares to seven other Midwestern markets of similar size, please see the full Office Market Report.
MARKET REPORTH I G H L I G H T S F R O M T H E
By Tim Kerrigan, CCIM, SIORand J.P. Raynor, JD
235,070sq. ft.
914,577 sq. ft.
294,402sq. ft.
980,368 sq. ft.
231,231sq. ft.
1,102,278 sq. ft.
135,383sq. ft.
836,776 sq. ft.
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Total square footageleased for deals of 1,000 sq. ft. or more
Total market absorption square footage
Omaha market changes in square footage absorption and its impact when viewed as a share of total annual leasing square footage
NOTABLE TRANSACTIONS IN 2017 INCLUDED KIEWIT CORPORATION, INFLECTION AND SARPY CO. DMV
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a few of our latest DEALS
22,429 sq. ft. in Cozad, NE, to Prairie Crest Commercial, LLC17,754sq.ft.at124th&EmmetStreettoWoodhouse Auto16,700sq.ft.at27th&FletcherAve(Lincoln)toBigler Motors7,971sq.ft.at120th&StonegateDrivetoCentral Church of the Nazarene7,800sq.ft.at90th&FortStreettoGurung Brothers Real Estate, LLC5,760sq.ft.at210th&CumberlandDrivetoInspire Action Sports5,400sq.ft.at90th&MiamiStreettoShaw Investments, LLC3,995sq.ft.at132nd&WestCenterRoadtoMidwest Cloud Computing3,856sq.ft.at145th&WestMapleRoadtoRosati’s3,505sq.ft.at140th&WestCenterRoadtoT-Mobile3,000sq.ft.at203rd&PacifictoLotus House of Yoga2,452sq.ft.at168th&MonroeStreettoGitt Construction Inc.2,443sq.ft.at180th&HarrisontoCode Ninjas2,400sq.ft.at117th&WestDodgeRoadto MyLife, LLC
22,573sq.ft.at95th&WestDodgeRoadtoDvorak Law Group19,510sq.ft.at109th&GilesRoadtoStrobel Properties LLC11,288sq.ft.at98th&NicholasStreettoColon & Rectal Surgeons5,584sq.ft.at72nd&MercyRoadtoCompletely Kids3,984sq.ft.at50th&DodgeStreettoPremier Roofing3,067sq.ft.at75th&PacificStreettoAircraft Specialties2,660sq.ft.at38th&FarnamStreettoOPS Foundation2,660sq.ft.at168th&BlondotoM6 Connect2,359sq.ft.at158th&WestCenterRoadtoSMI Safety1,995sq.ft.at69th&DodgetoPaul Strawhecker Inc.
20,470sq.ft.at105th&IStreettoRush Truck Centers of Nebraska, Inc.9,445sq.ft.at50th&IStreettoKosiski Auto8,017sq.ft.at35th&NebraskaAvenuetoCurbside Clothing, Inc.8,000sq.ft.at90th&SorensenPkwy.toAurora Casket Company LLC8,000sq.ft.at121st&CentennialRoadtoE2 Optics6,500sq.ft.atPortalRoad&GilestoFarrell’s Extreme Body Shaping5,600sq.ft.at90th&SorensenPkwy.toJohnson Custom Cabinets5,600sq.ft.at90th&SorensenPkwy.toHensel & Ramirez Contractors Inc3,936sq.ft.at87th&FStreettoHunting Isle, Inc. dba Comfort Keepers3,200sq.ft.at84th&FStreetto Hardcore Fitness, LLC2,366sq.ft.at87th&GStreettoHuntley Fire
132unitapartmentbuildingat25th&CumingStreettoSteve Elken & Michael Opatowski132unitapartmentbuildingat30th&MasonStreettoMason Holding, LLC59,747 sq. ft. Hy-Vee building in Winona, MN to NS-Service Road MN, LLC33,701sq.ft.officebuildingat168th&FrancesStreettoNE Obliviscaris24,750sq.ft.industrialbuildingat88th&LStreetto4612 S 88th Street, LLC22,109sq.ft.officebuildingat172nd&WrightStreetto427 Investments LLC17,412sq.ft.officebuildingat117th&ArborStreettoTaulborg Family, LLC14,960sq.ft.officebuildingat51st&CapitolAvenuetoaprivate investor11,235sq.ft.retailbuildingat14th&FarnamtoPaxton Investments LLC8,799sq.ft.retailbuildingat90th&MapleStreettoBighorn Properties7,460sq.ft.industrialbuildingat87th&IStreetto8609 I St. LLC
4.87acresat204th&WestMapleRoadtoOCI Insurance2.8acresat204th&VeteransDrivetoBucky’s2.0acresatEastLocust&AbbottDrivetoMP Nexlevel1.72acresat204th&WestMapleRoadtoundisclosedbuyer1.04acresat32nd&CaliforniaStreettoOmaha 3 LLC0.7acresat109th&MockingbirdtoEnterlux Properties, LLC0.69acresat184th&WrightStreettoAuto Zone
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March 2018
Indian CreekGolf Course
Indian CreekGolf Course
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Indian CreekCommercial Park
Indian CreekCommercial Park
Indian CreekBusiness ParkIndian Creek
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INDIAN CREEK 204th & West Maple 4.87 acresBUYER OCI InsuranceAGENTS Brian Kuehl & Tim Kerrigan, CCIM, SIOR
12325 EMMET STREET 17,754 sq. ft.BUYER Woodhouse Auto AGENT Brian Kuehl
9500 WEST DODGE ROAD 22,573 sq. ft.LESSEE Dvorak Law GroupAGENTS JP Raynor & Tim Kerrigan, CCIM, SIOR
10351 PORTAL ROAD 6,500 sq. ft.LESSEE Farrell’s Extreme Body ShapingAGENTS Clint Seemann & Brian Kuehl
16820 FRANCES STREET 33,701 sq. ft.BUYER NE ObliviscarisAGENTS Ember Grummons, CCIM & Patrick Morris
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FEATURED TRANSACTION DVORAK LAW GROUP EXPANDED HEADQUARTERS
Investors Realty is pleased to represent Dvorak Law Group, LLC in its move and expansion into its new 22,573 square foot headquarters located at 9500 West Dodge Road. The new location is an opportunity for
Dvorak Law Group to locate its entire team under one roof in a newly renovated office building. The firm also has room to grow in the space as it adds to its team.
Dvorak Law Group was founded by David M. Dvorak, David R. Mayer, John M. Prososki, Kendra J. Ringenberg, Brenda K. Smith and Heather S. Voegele in the vision of their mentor. The approach is simple, Dvorak said. “Our premise is if you takecare of clients and exceed their expectations, everything else will take care of itself. We listen, educate our clients as to the possibilities and implement solutions,” he said.
The firm has 27 attorneys on staff who practice in estate planning, business law, banking and finance, labor and employment, real estate, and litigation, trial practice and dispute resolution. In 2017, Dvorak Law Group also opened a second office location in Hastings.
This move is the fourth time Tim Kerrigan, CCIM, SIOR and JP Raynor, JD of Investors Realty have assisted Dvorak Law Group with its office space needs as the firm has grown. Investors Realty appreciates our relationship with Dvorak Law Group and the opportunity to represent a fast-growing law firm made up of a skilled team of attorneys.
commercial real estate
NEW LISTINGS TO SEE OUR COMPLETE INVENTORY OF PROPERTIES, VISIT INVESTORSOMAHA.COM
402-330-8000March 2018
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LEGACY PLACE 172nd & Wright Street 4,500 sq. ft.Located along Center Street, directly north of the prominent Legacy neighborhood. Numerous dining and shopping opportunities within walking distance.
1006 NORTH 20TH STREET 20th & Izard 7,046 sq. ft.Clean downtown location with dock space. New office buildout and restrooms. Quick access to US-75 and I-480 via Cuming Street.
8000 CHICAGO 80th & Chicago 2,828 sq. ft.Greatofficespaceinacentrallocationnear78th&Dodge. Parking available on site. Dining, shopping, and entertainment amenities available in the immediate area. Quick access to Dodge Street.
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Werner ParkWerner Park LibertyMiddle School
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WALNUT CREEK 102nd & Hwy. 370 26.68 acres Currently zoned AG, future land use map designates the area MU1 which would allow high density residential, office, and limited commercial. Within walking distance to Papillion-La Vista South High School and Walnut Creek Lake Recreation Area. Papillion-La Vista school district. Direct access to Highway 370 provides short drive time to Interstate 80 and Hwys. 50 and 75.
14005 S PLAZA 144th & Millard 7,738 sq. ft.Multi-use, freestanding building for sale or lease. Excellent showroom space with drive-in overhead door. High visibility location on Millard Avenue with front door parking. Outdoor fenced storage area.
FOR SALE
FOR LEASEFOR LEASE
PACIFIC SPRINGS CENTER II 169th & Marcy Street 19,000 - 40,000 sq. ft. New Class A office building ready for occupancy 1st quarter 2019. Minutes from West Dodge Expressway, Village Pointe, Legacy, and Lakeside. Fine dining and shopping amenities in immediate area. Underground parking.
BAKERS SUPPLY BUILDING 13th & Leavenworth 9,883 - 12,496 sq. ft.Turnkey medical space in the heart of downtown Omaha. Attached surface lot provides patients and staff with parking convenience that is hard to find in this submarket. Current medical footprint is 9,883 rsf with the ability to expand to 12,496 rsf. Building signage available.
8609 I STREET 87th & I Street 1,500 - 3,000 sq. ft.Easy access to I-80 via 84th Street. Many services located nearby: restaurants; convenience stores, etc. Park at your front door. Roll-up doors in every bay.
FOR SALE OR LEASE
HAWTHORNE BUILDING I 179th & Welch 2,374 sq. ft.Excellent visibility with frontage on 180th, Hy-Vee anchored center, great mix of retail, medical and office uses with daily traffic generators including Hiro 88 and DJ’s Dug Out restaurants.
FOR LEASEFOR LEASE
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SCAN WITH YOUR MOBILE PHONE TO VIEW OUR LOOPNET PROPERTY SEARCH ENGINE.
commercial real estate
NEW LISTINGS402-330-8000March 2018
14811 SHEPARD STREET 7,529 sq. ft.Nice brick building located minutes from Interstate 80, and Hwys. 50 and 370. Good mix of open space and private offices. Great opportunity to locate to an area undergoing significant development. Building signage available. Potential to add warehouse space.
HIGH POINT BUILDING 203rd & Roberts 2,027 sq. ft.Just off of Hwy. 31 in Elkhorn, north of Dodge. Great signage. Great windows and parking. Drive-in doors. Nice open area.
810 SOUTH 169TH STREET 169th & Marcy Street 10,285 sq. ft. Unique single tenant opportunity with modern improvements and golf course views. Open office space with a mix of conference rooms, breakout areas, phone booths, and a collaborative break area. Oversized patio overlooking the golf course provides an unconventional work area/entertainment space. Minutes from West Dodge Expressway, Village Pointe, Legacy, and Lakeside.
BRENTWOOD SQUARE 84th & Giles Road 1,250 - 47,000 sq. ft.Updated shopping center located just south of the new LaVista City Centre complex. Many spaces available. Daily traffic generators and easy access with multiple signalized entrances and ample parking.
BRENTWOOD BUSINESS CENTER 86th & Brentwood Drive 2,000 - 4,000 sq. ft. Suite 1: perfect office buildout for an insurance agency, counseling, marketing and those seeking move in ready space. Layout includes 10 private offices, conference room, reception area and open work space. Suite 10: wide open bay. New ADA restrooms in both suites. Monument and building signage available.
13595 GILES ROAD 4,500 -9,000 sq. ft.Ready-to-move-in warehouse with showroom area and signage visible from the interstate. Located in rapidly-growing Sarpy County with excellent access to I-80.
KEY VILLAGE 80th & Maple Street 4,765 sq. ft.Day care space now available, with generous parking and excellent visibility to Maple Street. Monument signage and exterior fenced play area.
10701 MOCKINGBIRD DRIVE 3,570 sq. ft.Nice affordable space with convenient and quick access to the interstate. The space works nicely for retail or flex/office use. All amenities in the immediate area. Two overhead drive-in doors.
12121 MCDERMOTT PLAZA 121st & Giles Road 2,377 sq. ft. Perfect for fast casual restaurant concept. Join Sport Clips and Dunkin’ Donuts in this brand new building. Endcap space with excellent visibility to Giles Road. Located proximate to La Vista’s Embassy Suites and Conference center, Marriott and Hampton Inn Hotels, Paypal and Securities America campuses, and La Vista’s new multi-sport complex.
SOUTH VIEW CENTRE 132nd & B Street 18,254 sq. ft.Excellent visibility to South 132nd Street, with prominent monument signage and favorable parking. Retail exposure at flex building prices. New paint and wood structure in front.
FOR LEASE
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EAGLE RUN SQUARE 129th & West Maple Road 6,053 sq. ft. Upscale finishes, completely renovated in 2017 Fully turn-key opportunity – Restaurant improvements in place Join successful Hiro 88 Wonderful Co-tenancy opportunity.
FOR LEASE FOR LEASE
FOR SUBLEASEFOR SALE