For Sale
$5,500,000

1225 L St Lincoln, NE 68508

6-Story Office, High Cap Rate

Overview

Added:
Dec 11, 2024
Days on market:
131
This exceptional six-story, 57,214 square foot Class B office building presents a compelling investment opportunity in Lincoln, Nebraska's vibrant downtown core. Built in 1990, the property boasts a desirable location, situated just south of the Cornhusker Marriott, placing it within easy reach of the State Capitol Building, the City/County Building, and the heart of Lincoln's business district. The building features six unique floor plans, with the fifth and sixth floors offering attractive exterior terraces. Convenient on-site client parking is located at the front entrance, complemented by ample tenant parking directly south of the building. The property is zoned B4 and offers a strong 6.65% cap rate at an asking price of $5,500,000 ($96.13/sq ft). This owner/user investment opportunity comprises six units within a single building. Detailed financial information, including a cash flow statement and rent roll, is available upon request and execution of a confidentiality agreement. This is a rare chance to acquire a well-positioned, income-producing asset in a thriving Nebraska market.

Highlights

  • $5,500,000 asking price for this six-story, 57,214 square foot office building.
  • Located in downtown Lincoln, Nebraska, at 1225 L St, 68508.
  • Class B building, built in 1990, with six units and a 6.65% cap rate.
  • Price per square foot is $96.13.
  • Owner/user investment opportunity with on-site and ample nearby parking.
  • Zoned B4.

Property Details for 1225 L St

Property type
Office properties
Square Feet
57,214 SF
Class
B
Year Built
1990
Buildings
1
Stories
6
Units
6

Location Insight

City
Lincoln
County
Lancaster
State
Nebraska
Latitude
40.8099877
Longitude
-96.7033385
1225 L St, Lincoln, Nebraska

FAQs

What type of property is this?
Office property - 6-Story Office, High Cap Rate
Where is the office property located?
The property is located at 1225 L St Lincoln, NE.
What is the asking price?
The asking price for this property is $5,500,000.
What are key features of this property?
This property features: $5,500,000 asking price for this six-story, 57,214 square foot office building.; Located in downtown Lincoln, Nebraska, at 1225 L St, 68508.; Class B building, built in 1990, with six units and a 6.65% cap rate.
How can I contact the broker?
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1225 L St
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