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20722889
20722890

2115 O Avenue, Kearney, NE 68847 For Sale

CENTURY 21 Midlands
Listed by CENTURY 21 Midlands
$975,000
612 days on market
Updated 5 days ago

A&W Storage Facility

Details
APN 606367030
Property Type Special Purpose, Land
Sub Type Industrial, Other (+1)
Square Footage 17,332
Units 78
Occupancy 99%
Pro-Forma Cap Rate 6.55%
Pro-Forma NOI $63,882
Broker Co-Op Yes
Class B
Year Built 1975-1994-1998
Buildings 6
Lot Size (SqFt) 60,195
Zoning M-2
Investment Type Value Add
Ground Lease No
Ownership Individuals

Special Purpose | 17,332 SqFt

Marketing description

Over 50 years of family owned and managed storage facility in Kearney, NE with excellent financial history and unit occupancy. Coupled with buildable space for unit expansion, this type of commercial real estate investment is hard to come by. Facility is in excellent condition with newer shingles and gutters on all buildings (2024). Routine maintenance of these facilities was top priority for the current owners. Facility consists of 78 total units predominately in the 10’ x 20’ size (for detailed information, please request an offering memorandum). Property consists of two Tax I.D Parcels (606367030 / 606367050) and includes a small 2-bedroom home. This facility is M-2 Zoned (heavy industrial) and is located in Map Area #3 of the City of Kearney C.R.A and is eligible for T.I.F. approved projects. Water and Sewer are available to the site.

Investment highlights

G.O.I. $98,280. 78 Total Units with expansion room.

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CENTURY 21 Midlands
Listed by CENTURY 21 Midlands

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