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Omaha Tower 2120 S 72nd St

182,770 SF 88% Leased 4-Star Office Building Omaha, NE 68124 £15,010,190 (£82/SF)

Virtual Tour

Investment Highlights

  • Explore the chance to acquire Omaha Tower at 2120 S 72nd Street, Omaha's only multi-tenant high-rise office tower outside the city center.
  • Accessibility is of no concern to occupants, with ample covered parking available and an overall parking ratio of 5 spaces per 1,000 square feet.
  • With Omaha's methodical roadmap, commuters enjoy swift access to Interstate 80 and a seamless 20-minute drive to downtown.
  • Renovated in 2019 for today's workforce, Omaha Tower offers tenants first-class amenities, including a café and a state-of-the-art fitness center.
  • At the junction of 72nd Street and Mercy Road, access to communities like Aksarben Village makes the area ideal for work and lifestyle pursuits.
  • Omaha Tower is a compelling investment opportunity with an increasing population due to affordable living costs and proximity to industry giants.

Executive Summary

Introducing Omaha Tower, a prestigious 182,770-square-foot office complex at 2120 S 72nd Street. Constructed in 1979 and meticulously renovated in 2019, this 15-floor marvel stands on a sprawling 5.06-acre site. Ideally located at the intersection of 72nd Street and Mercy Road, Omaha Tower is the greater Omaha region's premier office destination.

Step into a world of sophistication as the recently enhanced interior showcases modern finishes that add a touch of elegance to this iconic structure. Offering various amenities, including covered parking, a vibrant cafe, state-of-the-art fitness center, and shared conference rooms, Omaha Tower provides an exceptional work environment for its tenants.

This unique multi-tenant high-rise stands as the only tower of its kind outside the downtown core. With proximity to Aksarben Village, a walkable community featuring diverse shops, restaurants, bars, and green spaces, The Omaha Tower is the perfect lifestyle destination. The Shoppes at Aksarben and other nearby retail and dining options make the area an attractive hub for work, dining, and entertainment.

Strategically positioned off the 72nd Street corridor and minutes from Interstate 80, Omaha Tower offers unparalleled visibility and access. As a critical transportation hub, the greater Omaha area benefits from a network of interstate highways, railroads, motor freight, air, and river transportation. 2120 S 72nd Street offers a one-way commute to the city's metro area by various roadway options.

Embrace a city that offers an affordable lifestyle, as Omaha proudly holds a cost of living score of 93.6, approximately 6.4% below the national average. Omaha is a thriving community with a projected population growth of 1.1 million by 2035. Home to Fortune 500 companies like Union Pacific, Mutual of Omaha, and Kiewit, Omaha boasts economic vibrancy and promises a future of growth and prosperity. Secure ownership of the distinguished Omaha Tower, a premier investment opportunity in a flourishing locale with exceptional connectivity.

Offering Memorandum Click Here to Access

Data Room Click Here to Access

Property Facts

Sale Type
Investment or Owner User
Property Type
Office
Building Size
182,770 SF
Building Class
A
LoopNet Rating
4 Star
Year Built/Renovated
1976/2004
Price
£15,010,190
Price Per SF
£82
Percent Leased
88%
Tenancy
Multiple
Number of Floors
15
Typical Floor Size
12,667 SF
Slab to Slab
12 ft
Building FAR
0.83
Land Acres
5.06 AC
Zoning
CC - Community Center
Parking
914 Spaces (5 Spaces per 1,000 SF Leased)

Amenities

  • Conferencing Facility
  • Fitness Centre
  • Property Manager on Site
  • Restaurant

Space Availability

  • Space
  • Size
  • Space Use
  • Condition
  • Available
  • 5th Fl-Ste 500
  • 6,640 SF
  • Office
  • Full Build-Out
  • Now

Suite 500- 6,640 square feet.

  • 6th Fl-Ste 600
  • 7,322 SF
  • Office
  • Full Build-Out
  • Now

Suite 600- 7,322 square feet.

  • 7th Fl-Ste 725
  • 4,684 SF
  • Office
  • Full Build-Out
  • 60 Days

Suite 725- 4,684 square feet.

  • 11th Fl-Ste 1100
  • 2,928 SF
  • Office
  • Full Build-Out
  • 30 Days

Suite 1100- 2,928 square feet.

  • 11th Fl-Ste 1111
  • 2,107 SF
  • Office
  • Full Build-Out
  • Now

Suite 1111- 2,107 square feet.

  • 12th Fl-Ste 1275
  • 2,671 SF
  • Office
  • Full Build-Out
  • Now

Suite 1275- 2,671 square feet.

  • 13th Fl-Ste 1350
  • 6,564 SF
  • Office
  • Full Build-Out
  • 60 Days

Suite 1350- 6,564 square feet.

  • 14th Fl-Ste 1475
  • 3,320 SF
  • Office
  • Full Build-Out
  • Now

Suite 1475- 3,320 square feet.

Space Size Space Use Condition Available
5th Fl-Ste 500 6,640 SF Office Full Build-Out Now
6th Fl-Ste 600 7,322 SF Office Full Build-Out Now
7th Fl-Ste 725 4,684 SF Office Full Build-Out 60 Days
11th Fl-Ste 1100 2,928 SF Office Full Build-Out 30 Days
11th Fl-Ste 1111 2,107 SF Office Full Build-Out Now
12th Fl-Ste 1275 2,671 SF Office Full Build-Out Now
13th Fl-Ste 1350 6,564 SF Office Full Build-Out 60 Days
14th Fl-Ste 1475 3,320 SF Office Full Build-Out Now

5th Fl-Ste 500

Size
6,640 SF
Space Use
Office
Condition
Full Build-Out
Available
Now

6th Fl-Ste 600

Size
7,322 SF
Space Use
Office
Condition
Full Build-Out
Available
Now

7th Fl-Ste 725

Size
4,684 SF
Space Use
Office
Condition
Full Build-Out
Available
60 Days

11th Fl-Ste 1100

Size
2,928 SF
Space Use
Office
Condition
Full Build-Out
Available
30 Days

11th Fl-Ste 1111

Size
2,107 SF
Space Use
Office
Condition
Full Build-Out
Available
Now

12th Fl-Ste 1275

Size
2,671 SF
Space Use
Office
Condition
Full Build-Out
Available
Now

13th Fl-Ste 1350

Size
6,564 SF
Space Use
Office
Condition
Full Build-Out
Available
60 Days

14th Fl-Ste 1475

Size
3,320 SF
Space Use
Office
Condition
Full Build-Out
Available
Now

5th Fl-Ste 500

Size 6,640 SF
Space Use Office
Condition Full Build-Out
Available Now

Suite 500- 6,640 square feet.

6th Fl-Ste 600

Size 7,322 SF
Space Use Office
Condition Full Build-Out
Available Now

Suite 600- 7,322 square feet.

7th Fl-Ste 725

Size 4,684 SF
Space Use Office
Condition Full Build-Out
Available 60 Days

Suite 725- 4,684 square feet.

11th Fl-Ste 1100

Size 2,928 SF
Space Use Office
Condition Full Build-Out
Available 30 Days

Suite 1100- 2,928 square feet.

11th Fl-Ste 1111

Size 2,107 SF
Space Use Office
Condition Full Build-Out
Available Now

Suite 1111- 2,107 square feet.

12th Fl-Ste 1275

Size 2,671 SF
Space Use Office
Condition Full Build-Out
Available Now

Suite 1275- 2,671 square feet.

13th Fl-Ste 1350

Size 6,564 SF
Space Use Office
Condition Full Build-Out
Available 60 Days

Suite 1350- 6,564 square feet.

14th Fl-Ste 1475

Size 3,320 SF
Space Use Office
Condition Full Build-Out
Available Now

Suite 1475- 3,320 square feet.

DEMOGRAPHICS

Demographics

1 Mile 1 Mi. 3 Miles 3 Mi. 5 Miles 5 Mi.
1 Mile
3 Mile
5 Mile
2020 Population
11,342
95,390
319,525
2024 Population
11,438
94,733
320,653
Population Growth '20-'24
0.9%
-0.7%
0.4%
2020 Households
5,233
42,325
131,891
2024 Households
5,314
42,168
132,823
Household Growth '20-'24
1.6%
-0.4%
0.7%
Average Age
37
39
37
Median Household Income
$58,696
$64,672
$57,751
Daytime Employees
22,631
109,353
232,413
Total Businesses
2,432
12,292
23,402
College Degree + Higher
48%
42%
33%
$ values in USD

Nearby Amenities

Restaurants

The Drover Restaurant Steak £££ 2 min walk
Voodoo Taco Mexican ££ 15 min walk
Gold Mountain Restaurant - - 15 min walk
Starbucks Cafe £ 15 min walk
Beacon Hills American ££ 15 min walk

Retail

Walmart Dept Store 10 min walk
Massage Envy Massage 15 min walk
Chase Bank Bank 16 min walk
Scissors & Scotch Salon/Barber/Spa 15 min walk
Verizon Wireless Communications 17 min walk

Hotels

Hilton Garden Inn
131 rooms
3 min drive
aloft Hotel
111 rooms
4 min drive
DoubleTree by Hilton
179 rooms
4 min drive
Courtyard
134 rooms
3 min drive
Residence Inn
118 rooms
4 min drive

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
3417-0004-01
Land Assessment
£1,679,386
Improvements Assessment
£13,114,363
Total Assessment
£14,793,750

Sale Advisors

Sale Advisors

(402) 548-4001
Contact
Kurt Weeder, Senior Associate
(402) 548-4001
Contact
At Cushman & Wakefield/The Lund Company, Kurt is responsible for sales and leasing of office, retail and industrial properties. Kurt is also lead point on the Union Pacific Railroad (UPRR) account, which provides representation on UPRR leased facilities and lease administration throughout the United States. In addition, Kurt handles investment consulting and specializes in landlord representation. Throughout his career, Kurt has been involved in more than 15.9M square feet of real estate transactions valued at more than $119M. Kurt is a member of The Lund Company’s 2017 and 2021 Top Producers’ Club and plays an integral part of The Lund Company’s office market team.

Kurt has been with The Lund Company since 2002, where he started as a property manager and transitioned to the brokerage division. His experience as a property manager included the management of 1.5 million square feet of retail, office and industrial properties and a portfolio consisting of 12 properties. Prior to joining The Lund Company, Kurt operated a construction company he founded in 1999.

Kurt attended Creighton University in Omaha, NE with an Army ROTC scholarship and served two years on active duty in the U.S. Army. Kurt is a licensed real estate salesperson in Nebraska. He has coached high school girls and AAU boys basketball in Omaha and has refereed at USA Rugby competitions around the United States.
(402) 548-4021
Contact
Jason Fisher, Chief Executive Officer
(402) 548-4021
Contact
Jason serves as chief executive officer of Cushman & Wakefield/The Lund Company, which has been among the top commercial real estate brokerage firms in the Omaha and Eastern Nebraska region for over 40 years. Jason leads over 400 professionals offering a full range of services, including brokerage, valuation and consulting, client representation, property/facility management, along with project management and development.

Starting with The Lund Company in 2004, Jason became president in 2010 and assumed the role as CEO in 2022. With Jason’s innovation and commitment to customer service, the Company has seen remarkable growth with annual revenues increasing from $4 million, in 2004, to $38 million currently. In addition to providing strategic leadership, establishing long-range goals, strategies, plans and policies for the Cushman & Wakefield/The Lund Company, Jason has played a critical role in many of Omaha’s significant real estate projects, several of which have won prestigious, local Development Project and/or Deal of the Year awards.

Being an active member of the Omaha community, Jason has served or is currently serving on/for the following Boards/Organizations: B.R.A.N.C.H.
(Nebraska Children’s Home), Cystic Fibrosis Foundation, Leadership Omaha Curriculum Committee, Omaha by Design, The Greater Omaha Chamber of Commerce and the Chamber’s Retail Advisory Group,
along with The Nebraska Children’s Home Society. Jason is a member of the YPO (Young Presidents’ Organization) and has served as the YPO Nebraska Chapter Education Chair and President. He also serves on the Cushman & Wakefield’s Regional Alliance executive committee.
(402) 393-8811
Contact
John Lund, Chairman
(402) 393-8811
Contact
As founder of The Lund Company in 1981, an alliance member of Cushman & Wakefield, John Lund has over 40 years of comprehensive commercial real estate experience, ranging from general brokerage and asset management to development and consulting services. John has focused his energies and developed the Company into one of the leading full service commercial and investment real estate firms that markets and manages over eight million square feet of properties in a five-state region, valued at over $1 billion.

John is involved in the acquisition, disposition and exchange of commercial real estate investment properties. He is responsible for the overall asset management of a portfolio currently comprised of 30 partnerships that are valued at $400 million.
(402) 393-8811
Contact
Ryan Hill, Chief Financial Officer
(402) 393-8811
Contact
At Cushman & Wakefield | The Lund Company, he is responsible for overseeing all company accounting practices, including departmental and property level, and ensures compliance with accounting standards imposed by all Federal and State agencies. He oversees Human Resources and supervises the financial reporting and strategic planning of related party real estate portfolios including industrial, office, retail, land and multi-family. He assists with financial analysis of all contemplated real estate acquisitions, dispositions, developments and refinancing activities. Ryan has provided financial planning, budgeting, forecasting, reporting and the coordination of financing on about $50 million worth of property developments that actualized for related parties.

Prior to joining C&W | Lund, he started his career at a full-service public accounting and consulting firm and was later named Controller for an authority that manages the $291 million CenturyLink Center and the Omaha Civic Auditorium. He was involved with the financial planning and reporting of over $20 million in expansions and improvements.

He earned a Bachelor of Science degree in Business Administration, with a concentration in accounting and minor in coaching, from Midland Lutheran College. Ryan graduated Cum Laude under the 150 credit hour program and was an Academic All-American.
(402) 548-4075
Contact
Dylan McCabe, Associate
(402) 548-4075
Contact
Dylan joined Cushman & Wakefield/The Lund Company in 2020 as an Associate for the Company’s brokerage division. He is responsible for marketing, leasing and sales of commercial real estate properties.

Dylan is a graduate of the University of Nebraska-Lincoln with a degree in Finance. While at UNL he was a four-year letterman on the Husker golf team, earning a Big Ten Sportsmanship Award in 2019. Dylan is a licensed real estate salesperson in Nebraska and received his Certified Commercial Investment Member (CCIM) designation in 2022 to broaden his industry experience.
  • Listing ID: 30822567

  • Date on Market: 30/01/2024

  • Last Updated:

  • Address: 2120 S 72nd St, Omaha, NE 68124

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