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1450 S Burlington Ave, Hastings, NE, 68901

CRYSTAL CREEK LOGISTICS
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Highlights

INVESTMENT HIGHLIGHTS

  • STRONG COMMITMENT TO LOCATION – Lineage Logistics recently signed a 10-year NNN lease and have room for expansion inside the building
  • INDUSTRIAL SYNERGY – Property is in close proximity to multiple national tenants including Sunbelt Rentals, ThermoKing, Central Logistics Services, Fleetpride, Napa Auto Parts, Centennial Plastic, and Paperworks
  • LARGE INTERNATIONAL TENANT – Lineage Logistics operates 400 facilities across 19 countries, totaling more than 2 billion cubic SF of capacity
  • IDEAL LOGISTICS SITE – The facility was recently renovated. Property has 3 dock high doors, 3 drive-ins, ±2.07 acres providing ample outside storage, and easy access to Hwy 6 and 281
  • PASSIVE OWNERSHIP – Tenant is responsible for all expenses. Lease is fully NNN, making this an ideal investment for passive ownership
  • FREEZER SPACE – The original freezer on the west side of the building was completed in 2016, and the other towards the east was completed in 2019

PARCEL BREAKDOWN

Breakdown:

  • SF of the building is 52,000 SF
  • 40,000 SF has 20’ ceilings
  • 22,000 SF has 18’ ceilings
  • Freezer 1 is 2000 SF with 14’ high ceilings
  • Freezer 2 is 4000 SF with 18’ high ceilings
  • Freezer 3 is 600 SF with 8’ ceilings

Frozen:

  • Pallet positions is 500 total, shelves 164, and 301 locations for picking ( roller racking was installed)
  • Pallet height is 45’’ tall

Dry:

  • 331 racked pallet positions 48’’ tall
  • 22,000 SF of dry space for more pallet locations on the floor, roughly 900 or so spaces if you double stack

Location

Agents

Broker of Record

Kyle Matthews

License # 35320 (NE)
Matthews Real Estate Investment Services, Inc
1600 West End, Ste. 1500 Nashville, TN 37203

Key Information

Cap Rate
7.25%
$ per SF
$62
Type
Industrial
Leasable Area
52,000