I-80 Adjacent Value-Add Office | 4725 Twin Rivers Rd
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I-80 Adjacent Value-Add Office 4725 Twin Rivers Rd
12,032 SF Vacant Office Building Online Auction Sale North Platte, NE 69101
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Investment Highlights
- 4725 Twin Rivers Road presents the market with a rare opportunity to acquire a well-positioned vacant office asset in North Platte, Nebraska.
- Immense value-add opportunity to acquire a flexible office asset with excellent lease-up upside or ideally suited for a new owner/user.
- Furnishing, fixtures, and equipment will be included in the sale providing a new owner with strong in-place value.
- Prime location just off Interstate 80 alongside near-immediate access to the dense urban core of Downtown North Platte.
- Property rests on an oversized 4.08-acre parcel zoned I-1 for light industrial uses, setting the stage for potential adaptive re-use plans.
Executive Summary
CBRE, in conjunction with Ten-X, is pleased to present 4725 Twin Rivers Road, a premier office investment opportunity in North Platte, Nebraska. The building totals 12,032 square feet of space and is currently vacant, presenting the market with an immense value-add opportunity through an effective lease-up strategy or through a new owner/operator utilizing the space to fit their growing needs. The building, which was built in 2003, rests on an oversized 4.08-acre parcel with ample parking to accommodate a large workforce. The parcel is zoned I-1 for light industrial uses, which would allow for a potential adaptive reuse plan to utilize a portion of the space for an industrial tenant. The property has an efficient floor plan that allows for maximum customization, while FF&E is included with the sale of the property.
4725 Twin Rivers Road is in a prominent location that benefits from its proximity to Interstate 80, Downtown North Platte, and the North Platte Regional Airport. The office property is just three minutes off the exit for Interstate 80, a critical commercial thoroughfare that Connects North Platte to other population centers like Salt Lake City, Lincoln, and Omaha. Interstate 80 sees over 16,000 vehicles daily and fosters a thriving retail environment off its nearby exits, including a wide variety of hospitality chains. Downtown North Platte is just a 10-minute drive away, connecting this office property with the denser urban core that provides a steady stream of employment. Within a 10-mile radius around the property, there is a sizeable population of 27,000 people who earn almost $75,000 a year per household. This gives this property a stable base where a new tenant or operator could fill its ranks.
Do not miss the opportunity to acquire this well-equipped, flexible office property with a highly connected location and near-immediate downtown access.
Property tours are available by appointment only. Please contact the broker to schedule.
4725 Twin Rivers Road is in a prominent location that benefits from its proximity to Interstate 80, Downtown North Platte, and the North Platte Regional Airport. The office property is just three minutes off the exit for Interstate 80, a critical commercial thoroughfare that Connects North Platte to other population centers like Salt Lake City, Lincoln, and Omaha. Interstate 80 sees over 16,000 vehicles daily and fosters a thriving retail environment off its nearby exits, including a wide variety of hospitality chains. Downtown North Platte is just a 10-minute drive away, connecting this office property with the denser urban core that provides a steady stream of employment. Within a 10-mile radius around the property, there is a sizeable population of 27,000 people who earn almost $75,000 a year per household. This gives this property a stable base where a new tenant or operator could fill its ranks.
Do not miss the opportunity to acquire this well-equipped, flexible office property with a highly connected location and near-immediate downtown access.
Property tours are available by appointment only. Please contact the broker to schedule.
Data Room Click Here to Access
- Operating and Financial Statements
- Title & Insurance
- Purchase Agreement
Property Facts
Sale Type
Investment
Sale Condition
Auction Sale
Property Type
Office
Building Size
12,032 SF
Building Class
C
Year Built
2003
Tenancy
Single
Building Height
1 Story
Typical Floor Size
12,032 SF
Building FAR
0.07
Lot Size
4.08 AC
Zoning
I-1 - Light Industrial
Parking
194 Spaces (16.12 Spaces per 1,000 SF Leased)
DEMOGRAPHICS
Demographics
1 Mile
3 Mile
5 Mile
2024 Population
15
5,740
23,703
2020 Population
16
5,795
24,417
2029 Population
14
5,562
22,876
2024-2029 Projected Population Growth
-6.7%
-3.1%
-3.5%
Daytime Employees
92
8,868
16,166
Total Businesses
12
903
1,919
Average Household Income
$138,200
$70,577
$72,605
Median Household Income
$112,500
$60,271
$59,686
Total Consumer Spending
$224.4K
$69.1M
$288.7M
Median Age
40.0
41.0
41.0
2024 Households
5
2,543
10,194
Percent College Degree or Above
17%
13%
12%
Average Home Value
$400,000
$215,493
$201,441
zoning
| Zoning Code | I-1 (Light Industrial) |
| I-1 (Light Industrial) |
PROPERTY TAXES
| Parcel Number | 0045727.05 | Improvements Assessment | $1,336,540 |
| Land Assessment | $50,900 | Total Assessment | $1,387,440 |
PROPERTY TAXES
Parcel Number
0045727.05
Land Assessment
$50,900
Improvements Assessment
$1,336,540
Total Assessment
$1,387,440
Sale Advisors
Sale Advisors
Cole Scott, Vice President
(402) 709-0778
Contact
Cole joined CBRE on the Brokerage Services Team in 2019. In 2021, Cole assisted in leasing more than $40 million in transactions. This helped Cole achieve a Midwest Top 10 Award for CRE brokers with under 3 years’ experience. Cole specializes in Landlord Representation for many of Omaha’s most successful development companies while also focusing efforts on Land Acquisition for developers alike. In the last 24 months, Cole has brokered more than $100 million in leasing transactions.
Cole has a long line of CBRE History as his father and grandfather have been brokers at CBRE since Scott Realty joined forces with CBRE|MEGA in 1990. Becoming a broker at CBRE had been a dream of Cole’s since his youth.
Cole has a long line of CBRE History as his father and grandfather have been brokers at CBRE since Scott Realty joined forces with CBRE|MEGA in 1990. Becoming a broker at CBRE had been a dream of Cole’s since his youth.
About the Auction Platform
Ten-X Commercial is the leading end-to-end digital transaction platform for commercial real estate. With over $26bn sold, Ten-X’s platform empowers brokers, sellers and buyers with data-driven technology and comprehensive marketing tools to expand market visibility and decrease time to close. Ten-X consistently yields trade rates at two times the industry average. Ten-X expedites the entire CRE transaction timeline by enabling brokers and sellers to tap into a digital platform that makes it easy to onboard properties, evaluate the success of complimentary omnichannel marketing campaigns and follow up on the strongest pre-qualified leads. Buyers are precision-matched with properties aligned with their investment goals, with unprecedented access to market analysis and due diligence documents to help them securely acquire properties online, with confidence.
Read More
Auction Contact
Derek Rudd
Contact
Auctioneer License:
Ten-X Commercial, Inc. Arlene Marie Richardson RE Brkr 20140595
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Transaction Fee Schedule
Based on Percentage of Winning Bid Amount.
Winning Bid Amount
Transaction Fee
$0m to < $1m
5.00% ($20,000 min)
$1m to < $3m
3.00%
$3m to < $5m
2.50%
$5m to < $10m
2.25%
$10m to < $15m
2.00%
$15m to < $25m
1.75%
$25m to < $35m
1.50%
$35M to < $45M
1.00%
$45M to < $55M
0.75%
$55M and Up
0.50%
Example Calculation
Winning Bid Amount
$4,000,000
Transaction Fee
$100,000 (2.5%)
Total Purchase Price
$4,100,000
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I-80 Adjacent Value-Add Office | 4725 Twin Rivers Rd
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I-80 Adjacent Value-Add Office | 4725 Twin Rivers Rd
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