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Oak View Plaza North & South
Value-Add Power Center Opportunity

RealINSIGHT Marketplace and Mission Capital Advisors are pleased to offer the opportunity to acquire Oak View Plaza North & South (the “Property” or “Properties”), a 176,774-sf portion of a 474,021 sf power shopping center located in Omaha, Douglas County, NE. As of July 2018, the Property is 44.1% occupied by an attractive mixture of primarily national tenants.

INVESTMENT HIGHLIGHTS

Value-Add Opportunity – As of the July 2018 rent rolls, Oak View Plaza North & South is 44% occupied in a market that has a roughly 8% vacancy rate. This offers investors the opportunity to add value through strategic lease up of the Property. Additionally, the Property is zoned MU, mixed-use, which could allow for the potential redevelopment of the sites for multifamily usage.

Nationally Known Tenants – The Properties tenancy currently include many nationally known tenants including PetSmart, Guitar Center, Famous Footwear, Men’s Warehouse, and AT&T. PetSmart occupies 26,121 sf, Guitar Center 18,000 sf and Famous Footwear 17,585 sf.

Good Location– Located along the ring road of Oak View Mall, the Properties sit in a predominantly retail oriented section of Omaha and benefits from excellent visibility and accessibility. The corner of 144th and W. Center Rd has a daily vehicle count of roughly 60,000/day.
 

The Properties are located on the east side of Oak View Mall, a regional mall servicing the trade area. Primary access is serviced through either 144th street or West Center Rd, one of the predominant retail corridors in Omaha.

Oak View Plaza North consists of Buildings 1 and 2, which were constructed in 1999 and total 23,173 sf and 68,177 sf, respectively. Oak View Plaza South consists of Building 3 which was constructed in 2002 and totals 85,424 sf. There is also a ~2 acre parcel for possible development that brings the total site size to ~21 acres.


 

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Disclaimer: The information being provided herein is for informational purposes only. No representation or warranty is made as to the accuracy or completeness of any information contained herein, including, without limitation, any information regarding the condition of the Property, the condition of title or Property descriptions.

Any documents and/or pictures posted herein or elsewhere on the RealINSIGHT Marketplace, (the "Website") are for informational purposes only, and may not represent the current condition of the Property or the condition of the Property at the time of sale. The posting of pictures herein or elsewhere on the Website does not constitute a guarantee that any items represented in the pictures will be present when the buyer takes possession of the Property.

You are encouraged to conduct your own due diligence and investigate all matters relating to the Property. It is recommended that you seek independent advice, including legal advice, to perform your due diligence and that you use good faith efforts in determining that the content of all information provided to or obtained by you is accurate.

Oak View Plaza

3309 - 3139 Oak View Drive, Omaha, NE 68144

Sold

Asset Snapshot

  • Asset Type
  • Real Estate
  •  
  • Retail Type
  • Power Center
  • Anchor
  • Shadowed
  • Anchor Tenant(s)
  • Oak View Mall
  • Property Size
  • 176,774 Sq Ft
  • Land Area
  • 21.12 Acres
  • Year Built
  • 1999 - 2002
  • Year Renovated
  • 2004
  • Number of Floors
  • 1
  • Number of Buildings
  • 3
  • Parking Count
  • 933
  • Occupancy
  • 44.10%
  • Occupancy as of
  • Jul 31, 2018
  • Platform Fee

    Platform fee for this transaction is 5.00% or a minimum of $25,000.

  • Auctioneer

    1. Lamar P. Fisher

      Fisher Auction Company Inc.

      Internet Auctions Exempt