230 E 22nd St Fremont Building
Income-Producing + Move-in Ready Suite or Near-Stabilized Investment with Upside
Marketing description
Nebraska Realty is pleased to present this newly renovated and upgraded multi-tenant office building for sale in Fremont offering both investment stability and owner-user flexibility. The property consists of approximately 9,000 SF across five suites and is currently 84% occupied with 7,550 SF leased. One 1,450 suite is vacant and has been completely renovated, providing immediate occupancy for an owner-user or lease-up opportunity for an investor.
The property has seen significant recent capital improvements, including new sewer line (2022), HVAC updates, renovated suites, roof repairs, exterior paint, updated lighting, landscaping improvements, and upgraded security system.
Ideal opportunity for an owner-user to occupy space while offsetting occupancy costs with in-place rental income, or for an investor seeking a near-stabilized asset benefiting from the current owner substantial capital improvements, an exceptional tenant mix, occupancy increase, and upside in a strong local market.
*Rent Roll; T-12 (TTM); & Pro Forma available upon request
*Ask Listing Broker about Seller’s Incentive Package for an accepted offer prior to April 30th
Investment highlights
Substantial capital improvements by current owner
5-suite configuration with strong tenant mix
Expansive improved basement value-add potential
1,450 SF fully renovated, turn-key suite available for occupancy or lease-up
Current gross rent roll: $118,200 annually @ 84% Occ.
Gross leases with opportunity to improve expense efficiency
Strong parking and accessibility
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