Exceptional investment opportunity: a 97,389 square foot data center in Bellevue, Nebraska, currently leased to TierPoint. This single-tenant property boasts a strong 6% cap rate and a substantial net operating income (NOI) of $582,000. The lease, commencing December 31, 2005, extends to December 31, 2035, providing a remaining lease term of 11.1 years with built-in 3% annual rent increases. The property features approximately 21,000 square feet of raised floor space, along with cabinets, cages, and suites. Tenants also benefit from 10,000 square feet of business continuity seating workspace and a 300-seat recovery space. Security is paramount, with 24/7/365 electronic and on-site security personnel, two-factor authentication including biometric systems, and CCTV surveillance retaining footage for a minimum of 90 days. Power is ensured by four diesel generators totaling 5500 kW, providing a minimum 48-hour runtime and a 100% uptime SLA. Managed services include private cloud, disaster recovery, security, and colocation solutions, complemented by 24/7 remote hands technical support. This carrier-class, carrier-neutral facility offers multiple, diverse fiber access options and cloud on-ramps and fabrics. Situated on a 19.85-acre lot, the two-story building, constructed in 1965 and renovated in 2008, is zoned GB - General Business and offers 10 parking spaces per 1,000 square feet. The lease includes fifteen 1-year options, each with a continued 3% rent increase. The asking price is $9,700,000.
Highlights
$9,700,000 asking price for a 97,389 SF single-tenant office building (data center).
TierPoint is the tenant, with a lease expiring 12/31/2035 (11.1 years remaining).
6.00% cap rate and $582,000 NOI.
Located on a 19.85-acre lot at 1001 Fort Crook Rd N, Bellevue, NE 68005.
Features include 10 parking spaces per 1,000 sq ft, 3% annual rent increases, and fifteen 1-year lease options with continued 3% increases.
Office property - 97,389 SF TierPoint Data Center; 6% Cap Rate
Where is the office property located?
The property is located at 1001 Fort Crook Rd Bellevue, NE.
What is the asking price?
The asking price for this property is $9,700,000.
What are key features of this property?
This property features: $9,700,000 asking price for a 97,389 SF single-tenant office building (data center).; TierPoint is the tenant, with a lease expiring 12/31/2035 (11.1 years remaining).; 6.00% cap rate and $582,000 NOI.
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Contacts
Graham Nabity
Chad Hansen
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Fort Crook Rd Bellevue, NE 68005
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Fort Crook Rd Bellevue, NE 68005
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1001 Fort Crook Rd
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