1015 North 16th Street, Omaha, NE 68102

IN-PLACE RESIDENTIAL RENTS TRAIL SURROUNDING NEW-CONSTRUCTION COMPARABLES BY A MATERIAL MARGIN

Average in-place rents at Nichol Flats sit below the asking rents of the five directly comparable, recently delivered communities within 0.3 miles. Closing the gap is a buyer's strategic decision as the path may combine systematic renewal pricing discipline, selective unit refresh at turnover, common-area or amenity investment, or a more comprehensive repositioning, sized against renovated-comp evidence and project-level return targets.

ACTIVE TIF REIMBURSEMENT AGREEMENT WITH NO AFFORDABILITY COVENANTS OR RENT RESTRICTIONS

The property carries an active TIF Redevelopment Loan Agreement that produces recurring annual tax reimbursements. The agreement carries no AMI income limits, no rent restrictions, no affordability covenants, and no resale price covenants, so operations are entirely unconstrained by the structure.

READY TO LEASE GROUND-FLOOR COMMERCIAL SPACE OF ~5,680 SF

The first-floor commercial space is divisible into two suites of approximately 1,445 SF and 4,235 SF, with two separate street-level entrances, rear access to the gated parking area, and 9-foot ceilings. Surrounding commercial activation, including 60-plus tenants in Millwork Commons, four adjacent hotels, and the Cuming Street F&B corridor, validates retail and service-tenant demand in the immediate area.

AREA HAS ABSORBED OVER $2 BILLION IN COMMITTED INVESTMENT SINCE 2019

The downtown subject has been the most active investment area in the Omaha MSA across the last several years. Notable projects delivered or in final delivery: the Mutual of Omaha Tower, the Omaha Streetcar, the Riverfront Revitalization, the Kiewit Luminarium, Steelhouse Omaha, and three adjacent multifamily communities (Hello Apartments, Dizzy Mule, Tip Top) operating at 92% to 97% occupancy. The latest announced catalyst, Omaha FC's professional soccer stadium, planned within blocks of the subject, would add a permanent sports-and-entertainment anchor to a three-block radius already home to Charles Schwab Field and the CHI Health Center.