Marcus & Millichap Sells Stonegate Plaza Retail Property In Omaha For $2.4 Million
3101 N 120th St & 3131 North 120th Street
$2,400,000
$87/SF
Building Size
27,296 SF
Asset Type
Retail
Closing
Apr 24, 2025
AI
Stonegate Plaza, a fully leased retail strip spanning 13,648 square feet, is located at 3101-3131 North 120th Street in Omaha, NE. The asset was sold for $2,400,000, translating to a price per square foot of $176.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $2,400,000
- Address: 3101-3131 North 120th Street
- Market: Omaha, NE
- Square Footage: 13,648
- Price Per Square Foot: $176
Alex Perez and Austin Sweet, representing Marcus & Millichap, facilitated the transaction for the sale of the property. The retail strip was notably anchored by Sherwin Williams and received strong interest along with multiple offers from investors.
Players
Omaha Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
6.61%
Cash-on-Cash
-1.89%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93