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Caller Properties Acquires Retail Property In Omaha, NE For $21.4M

Property Image
SOLD
$21,400,000

Nebraska

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Retail123,664 SF
Sold 08/16/2022
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Property Image
SOLD

Caller Properties Acquires Retail Property In Omaha, NE For $21.4M

909 South 72nd Street, Omaha, Nebraska 68106, United States

See Similar Deals
Retail123,664 SF
Sold 08/16/2022
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Summary

NEBRASKA
Asset Type:Retail
Price Per Square Foot:$173
Total Square Footage:123,664 SF
Transaction Type:Sale

The retail property located at 909 S 72nd St in Omaha, NE has been sold for a total price of $21,400,000. The property spans a total area of 123,664 square feet, resulting in a price per square foot of $174. The transaction took place on 08/16/2022.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: $21,400,000
  • Address: 909 S 72nd St, Omaha, NE
  • Market: Omaha, NE
  • Buyer: Caller Properties
  • Seller: NewStreet Properties
  • Buyer's Rep: Jason Taylor - Equity Management Group
  • Seller's Rep: Ember Grummons - Investors Realty
  • Square Footage: 123,664
  • Price per Square Foot: $174

Jason Taylor from Equity Management Group represented the buyer, Caller Properties, in this transaction. Ember Grummons from Investors Realty acted as the seller's representative, representing NewStreet Properties. They played integral roles in facilitating the sale.

Players

Ember Grummons
6 deals$71.5M volume
BROKER

Details

SOLD
IMAGE: Jason Taylor & Ember Grummons DATE: 08/16/2022 ADDRESS: 909 S 72nd St MARKET: Omaha, NE ASSET TYPE: Retail BUYER: Caller Properties SELLER: NewStreet Properties BUYER'S REP: Jason Taylor - Equity Management Group SELLER'S REP: Ember Grummons - Investors Realty SALE PRICE: $21,400,000 SF: 123,664 ~ PPSF: $174

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$1,141,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$76,029.69
Cash-on-Cash Return-1.27%
Monthly Debt Service$101,446.92
Annual Debt Service$1,217,363.01