Nichol Flats is a 68-unit multifamily property located at 1015 N. 16th Street in Omaha, Nebraska. The property was constructed in 2016 and contains approximately 65,320 rentable square feet with an average unit size of 961 square feet. Reported occupancy is 93%. The property includes 65 parking spaces and contains ground-floor commercial space along N. 16th Street. The asset is located within Omaha's North Downtown area near the Riverfront redevelopment, Mutual of Omaha Tower, Steelhouse Omaha, Charles Schwab Field, CHI Health Center, and the planned Union Omaha soccer stadium development.