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11301 Davenport StreetOmaha, NE 68154402.330.8000www.investorsomaha.com
John Heine, JD, CCIM402.778.7548
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Executive Summary
INTRODUCTIONInvestors Realty, Inc. is pleased to present the opportunity to acquire a newly stabilized
multifamily building, located in the heart of Midtown in Omaha, Nebraska. Within a
very short walking distance, the area includes Mutual of Omaha and Midtown Crossing’s
many retailers and amenities, Nebraska Medical Center, the Blackstone District,
Creighton University and downtown Omaha. The property has easy access to Interstate
480 providing quick drive times to other locations in the Omaha Metropolitan area.
With a strong, diverse economy, Omaha continues to have very low unemployment
and steady population growth.
Price TBD by Market
Year Built 2016
Number of Units 36
Number of Buildings One
Site Size .6537 Acres
Gross Building Square Feet 38,880
Rentable Square Feet 33,055
Average Square Feet per Unit 918
Average Market Rent per Unit $1,052
Average Market Rent per Square Feet $1.15
INVESTMENT SUMMARY
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INTERSTATE
75
75
75
275
275
275
275
275
75
75
75
80
INTERSTATE
80
INTERSTATE
680
INTERSTATE
480
INTERSTATE
680
INTERSTATE
80
INTERSTATE
80
INTERSTATE
29
INTERSTATE
29
INTERSTATE
29
INTERSTATE
80
INTERSTATE
80
Midtown
Eppley Airfield
Council Blu�s
IOW
A
NEBRASKA
50
36
92
370370
370
IOW
A
NEBRASKA
Milard
Elhorn
204
th Street
144
th Street
42
nd
Street
72n
d Street
West Maple Road
West Dodge Road
West Center Road
La Vista
PapillionGretna
Bellevue
Downtown
INVESTMENT HIGHLIGHTS
» Opportunity to purchase a newly constructed stabilized asset in a developing area
» Class A+ location with nearby retail and service amenities of Midtown Crossing, theBlackstone District and the Old Market
» Adjacent proximity and easy access to Interstate I-480 and Leavenworth Street
» Neighborhood includes future development of:
» Single family townhomes;
» Leavenworth Street road diet and streetscape project in 2020;
» Potential streetcar; and
» Additional retail to develop along Leavenworth Street
» Large units with efficient floorplans including walk-in closets and high-end finishes
» Lower rents in comparison to other new construction projects in Midtown and Downtown
OFFER SUBMISSIONOffers shall include, but not be limited to:
» Purchase Price and Earnest Money
» Due Diligence Period
» Description of financing contingency
» Closing Date
TOURSProspective purchasers will have the opportunity to visit the Property via pre-scheduled
property tours. Tours will include access to a representative sampling of units and access
to common areas. To accommodate the Property’s ongoing operations, tours will require
advance notice and scheduling through Investors Realty, Inc.
DEBTThe Property is offered free and clear of debt and available for new financing.
CALL FOR OFFERSThe Call for Offers Date is September 12, 2018.
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PROPERTY DESCRIPTION
CONSTRUCTION
UTILITIES|SERVICE• Cable|Internet|Phone
• Electric
• Gas
• Water|Sewer
• Cox Communications
• Omaha Public Power District
• Metropolitan Utilities District
• Metropolitan Utilities District
Number of Units 36
Number of Buildings One
Gross Building Area 38,800 SF
Land Area 28,476 SF
Year Completed 2016
Zoning R8-ACI-1 (PL)
Flood Plain No
Frame
Roof
Windows
Plumbing
Electric
HVAC
Exterior Finish
Number of Stories
Fire Suppression System
Insulation
Wood
Asphalt shingle
Anderson high-end vinyl
Copper supply and PVC waste
Copper
Electric (wall) heat and air conditioning units
Brick and cement (Hardie board lap siding)
Four
Wet
Sound batt insulation between each unit
Cable, internet, phone, electricity and gas are paid by Tenants
The electrical house meter is paid by Landlord
Landlord pays water and sewer directly and is reimbursed by Tenants
Parking
46 surface spaces (appropriate for the area)
35 off street
10 street
1 handicap
INTERIOR UNIT AMENTITIES• Hardwood|tile flooring
• Whirlpool stainless steel appliances
• Luxury cabinets
• Kohler plumbing fixtures
• Solid surface countertops
• Surround showers
• High-end window coverings
• Walk-in and other large closets
• Spacious floorplans
• Individual 40|50-gallon hot water heaters
• Nine-foot ceiling heights
• Coffered ceilings on fourth floor units
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COMMUNITY AMENITIES UNIT BREAKDOWN• Elevator
• Secured entry
• Bike storage room
• Efficient and beautiful landscaping
• Pet friendly
• Easy access to the interstate and downtown
• Off-street parking
• Neighboring retail within walking distance
• Storm shelter
• Garbage Enclosure
Unit Type Square Feet Units
One Bedroom|One Bathroom 825 1
One Bedroom|One Bathroom 840 5
One Bedroom|One Bathroom 850 5
One Bedroom|One Bathroom 880 15
Two Bedroom|One Bathroom 1,090 2
Two Bedroom|Two Bathroom 1,050 8
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floor PLAN
A UNIT840 SQ FT
B UNIT850 SQ FT
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floor PLAN
C UNIT880 SQ FT
D UNIT1,050 SQ FT
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floor PLAN
E UNIT1,090 SQ FT
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Dodge Street
Farnam Street4
0th
Str
ee
t
33
rd S
tre
et
Leavenworth Street
UniversityNebraska
Med Center
Kiewit
Mutual of Omaha
MidtownCrossing
Saint Mary’s Avenue
Dewery Park
Leavenworth Park
75
Harney Street
Turner Park
E k a r d c o u r t
480
Aerial8
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11301 Davenport Street Omaha, NE 68154402.330.8000www.investorsomaha.com
John Heine, JD, CCIM402.778.7548
61 7 S O U T H 3 1 S T S T R EE T | O M A H A , N EB R A S K A 6 8 1 0 5
Ek ard court
