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220757 E 92 Hwy
330,000 SF 100% Leased Industrial Building Gering, NE 69341 £4,463,823 (£14/SF) 7.50% Net Initial Yield
Investment Highlights
- Internal/External Union Pacific Rail Spur
- Offices include executive offices, private offices, meeting room; break rooms
- Highway Accessible - Interstate 80 is 45 minutes south on 4 lane Highway
- Easy access parking to all entrances on 32 Acres
- Entire facility wet-sprinklered; fire protection system; security lighted all sides, in-ceiling lighting throughout
Executive Summary
The Production/ Assembly Manufacturing facility sports 4-production lines with overhead bridge crane-ways 220’ long and 40’ wide (with 2 bridge cranes and hoists on each); a Rail-spur also conveniently runs into this building. There are many extra wide overhead doors with in-Floor ramp loading docks; production power and utility distribution can be found throughout this area and new IR heating and T-5 lighting have recently been installed. In addition to multiple shipping and receiving offices, there are numerous Main-floor offices, an employee break room, restrooms, and a changing room; a separate Mezzanine office area allows for ease of management.
A General Manufacturing facility adjoins the Production/Assembly area; this is a tilt-up concrete structure with a 6" reinforced concrete floors, and a 6 acre Hard-surface parking area that can accompany over 400 cars. Electricity, utilities, and gas-fired suspended forced air units (as well as air-lines) are all distributed throughout this area, as well as various crane-ways, restrooms, mezzanine offices, and shipping/ receiving doors.
Lastly, the Warehouse facility (sharing one wall with General Manufacturing) consists of a 200’x500’ steel structure with 164 sky-lights. It also has 50’ span bridge crane-way with one 10-ton bridge (2x5 ton hoists), 16’ wide overhead doors on North and South ends of building, and also has new IR Heaters and T-5 lighting installed throughout the area.
Financial Summary (Actual - 2022) |
Annual | Annual Per SF |
---|---|---|
Gross Rental Income | £660,837 | £2.00 |
Other Income | - | - |
Vacancy Loss | - | - |
Effective Gross Income | £660,837 | £2.00 |
Taxes | - | - |
Operating Expenses | - | - |
Total Expenses | £254,386 | £0.77 |
Net Operating Income | £406,451 | £1.23 |
Financial Summary (Actual - 2022)
Gross Rental Income | |
---|---|
Annual | £660,837 |
Annual Per SF | £2.00 |
Other Income | |
---|---|
Annual | - |
Annual Per SF | - |
Vacancy Loss | |
---|---|
Annual | - |
Annual Per SF | - |
Effective Gross Income | |
---|---|
Annual | £660,837 |
Annual Per SF | £2.00 |
Taxes | |
---|---|
Annual | - |
Annual Per SF | - |
Operating Expenses | |
---|---|
Annual | - |
Annual Per SF | - |
Total Expenses | |
---|---|
Annual | £254,386 |
Annual Per SF | £0.77 |
Net Operating Income | |
---|---|
Annual | £406,451 |
Annual Per SF | £1.23 |
Property Facts
Amenities
- 24 Hour Access
- Conferencing Facility
- Fenced Lot
- Property Manager on Site
- Roof Lights
- Yard
- Reception
- Storage Space
- Fluorescent Lighting
Utilities
- Lighting
- Gas - Natural
- Water - City
- Sewer - City
- Heating - Gas
About 220757 E 92 Hwy , Gering, NE 69341
Located on the South East corner of Gering - this property is bounded by State Highway 92 to the North and Lockwood Road (21st Street) to the East; 1/4 mile to the East is access to the Heartland Expressway that runs North to Rapid City, SD and South to Interstate 80. Regional West Airport is 15 minutes away.....Offers 3 flights to Denver Daily via United Express.
MAJOR TENANTS
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease End
- Prime Metal Products (PMP)
- Manufacturing
- 178,000 SF
- -
- Apr 2035
- Simplot Soil Builders
- Agriculture, Forestry, Fishing and Hunting
- 139,000 SF
- -
- Nov 2026
Tenant | Industry | SF OCCUPIED | RENT/SF | Lease End | ||
Prime Metal Products (PMP) | Manufacturing | 178,000 SF | - | Apr 2035 | ||
Simplot Soil Builders | Agriculture, Forestry, Fishing and Hunting | 139,000 SF | - | Nov 2026 |
PROPERTY TAXES
Parcel Number | 010008519 | Improvements Assessment | £2,221,832 (2023) |
Land Assessment | £127,389 (2023) | Total Assessment | £2,349,221 (2023) |
PROPERTY TAXES
zoning
Zoning Code | Heavy Industrial/ MF (Heavy Industrial and Manufacturing) |
Heavy Industrial/ MF (Heavy Industrial and Manufacturing) |
Presented by
220757 E 92 Hwy
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