For Sale
$11,000,000

11128 John Galt Blvd Omaha, NE 68137

High-Visibility, Value-Add Office Complex

Overview

Added:
Dec 11, 2024
Days on market:
131
This exceptional five-story, 137,568 square foot office building presents a compelling value-add investment opportunity in Omaha, Nebraska. Located at 11128 John Galt Blvd, this Class B property boasts a prominent location at the interchange of I-80 and I-680, experiencing high daily traffic counts exceeding 193,250 vehicles. Currently 88.58% occupied, with nine tenants, including a significant long-term tenant (54% occupancy) – Election Systems & Software (ES&S) – the property offers substantial upside potential. Built in 1975 and renovated in 2017, the building features a modern first-floor common area, ample parking (554 spaces per 1,000 sq ft), and abundant natural light. The asking price is $11,000,000, representing a compelling $79.76 per square foot and a 9.51% cap rate, with a current NOI of $1,046,500. The sale includes a $2,500,000 credit towards capital expenditures and leasing renewal costs. The property sits on a 3.95-acre lot, zoned GI, and benefits from excellent interstate visibility, a spacious common break room, and proximity to numerous dining and shopping amenities. Rent bumps are available, and the building's professional tenant mix fosters a collaborative environment. Access to the Omaha metro area is within 15 minutes, and the state capital of Lincoln is reachable within 45 minutes. This is a rare opportunity to acquire a well-positioned, income-producing asset with significant growth potential.

Highlights

  • $11,000,000 asking price includes a $2,500,000 credit towards capital expenditures and leasing costs.
  • 54% occupancy by long-term tenant Election Systems & Software (ES&S), with a history of expansion.
  • High-traffic location at the I-80 and I-680 interchange in Omaha, exceeding 193,250 vehicles daily.
  • Access to most of the Omaha metro area within 15 minutes.
  • Lincoln, Nebraska state capital, is within a 45-minute drive.

Property Details for 11128 John Galt Blvd

Property type
Office properties
Square Feet
137,568 SF
Class
B
Year Built/Renovated
1975/2017
Stories
5
Lot Size (sq. ft)
172,062 SF

Location Insight

City
Omaha
County
Douglas
State
Nebraska
Latitude
41.210294507136
Longitude
-96.087855151292
11128 John Galt Blvd, Omaha, Nebraska

FAQs

What type of property is this?
Office property - High-Visibility, Value-Add Office Complex
Where is the office property located?
The property is located at 11128 John Galt Blvd Omaha, NE.
What is the asking price?
The asking price for this property is $11,000,000.
What are key features of this property?
This property features: $11,000,000 asking price includes a $2,500,000 credit towards capital expenditures and leasing costs.; 54% occupancy by long-term tenant Election Systems & Software (ES&S), with a history of expansion.; High-traffic location at the I-80 and I-680 interchange in Omaha, exceeding 193,250 vehicles daily.
How can I contact the broker?
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11128 John Galt Blvd
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