This feature is unavailable at the moment.

We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.

Please check back in a few minutes. We apologize for the inconvenience.

- LoopNet Team

You must register your contact information to view secure information on this listing.
You must register your contact information to view secure information on this listing.

Share This Listing

Please enter a valid email address.

Note: To send this property to multiple individuals, insert a semi-colon between each recipient's email address.

LoopNet has taken a strong stance against the practice of sending unsolicited commercial emails, also known as "spam." Please send these emails only to people you know who would be interested in this property. If someone asks you not to send these emails to them, please comply.

thank you

Your email has been sent!

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 sale includes Production/Assembly Manufacturing, General Manufacturing, and Warehouse facilities.
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.

Attachments

Download OM

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

Price £4,463,823
Price Per SF £14
Sale Type Investment
Net Initial Yield 7.50%
Property Type Industrial
Property Subtype
Manufacturing
  • Industrial Distribution
  • Industrial Warehouse
  • Industrial Service
Building Class C
Lot Size 32.50 AC
Rentable Building Area 330,000 SF
Number of Floors 1
Year Built/Renovated 1968/2020
Parking Ratio 1.47/1,000 SF
Clear Ceiling Height 24 ft
No. Dock-High Doors/Loading 3
Level Access Doors 11

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

PROPERTY TAXES

Parcel Number
010008519
Land Assessment
£127,389 (2023)
Improvements Assessment
£2,221,832 (2023)
Total Assessment
£2,349,221 (2023)

zoning

Zoning Code Heavy Industrial/ MF (Heavy Industrial and Manufacturing)
Heavy Industrial/ MF (Heavy Industrial and Manufacturing)
  • Listing ID: 24246352

  • Date on Market: 22/08/2008

  • Last Updated:

  • Address: 220757 E 92 Hwy, Gering, NE 69341

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, 'rating') }}
255 character limit ({{ remainingChars() }} characters remainingover)
{{ getErrorText(feedbackForm.msg, 'rating') }}
{{ getErrorText(feedbackForm.fname, 'first name') }}
{{ getErrorText(feedbackForm.lname, 'last name') }}
{{ getErrorText(feedbackForm.phone, 'phone number') }}
{{ getErrorText(feedbackForm.phonex, 'phone extension') }}
{{ getErrorText(feedbackForm.email, 'email address') }}