312-782-5800
1705 Kellie Dr, Blair, NE for Sale
Office/Residential - FOR SALE
1/2
null | Request Cap Rate

1705 Kellie Dr
Blair, NE 68008


OVERVIEW

Jones Lang LaSalle Americas, Inc. (“JLL”), is pleased to exclusively offer for sale the fee-simple interest in the single-tenant Cargill office building (the “Property” or “Asset”) located in Blair, NE within the greater Omaha MSA. Cargill (the “Tenant”) has occupied the property since its delivery in 2009 and recently extended its lease by 10 years through 2034. The lease features annual 2.50% rent escalations and minimal landlord responsibilities. The Property is the primary office for Cargill Branded Feed, a core segment of Cargill Starches, Sweeteners, and Texturizers (CSST). Cargill Branded Feed creates proprietary feed ingredients to improve digestive health and performance for production animals in the beef, dairy and aquaculture markets. The segment operates out of Blair, NE, which is also the location of Cargill’s flagship wet corn mill – a 650-acre facility that employes 540 people and has a daily grind of 340,000 bushels of corn. The Tenant strategically selected this location for its regional HQ due to its proximity to the mill. Cargill is a global supplier of agriculture commodities. It is the largest privately held company in the United States by revenue and carries an “A” credit rating from S&P. In addition to this location, Cargill also operates its flagship wet corn mill in Blair, a 650-acre factory that employs 540 people and produces 340,000 bushels of corn daily. Several other corporations operate near the site including Purac, NatureWorks and Novozymes, a global biotech producer which recently invested $316 million into a new production facility. Centrally located in the United States, Omaha is home to several Fortune 500 companies including Berkshire Hathaway and Union Pacific. Nebraska is one of the largest providers of agriculture commodities in the United States, making this an optimal location for Cargill’s operations.

FOR SALE DETAILS

PRICE

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CAP RATE

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% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Cargill

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Office/Residential

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

2009

SPRINKLERS

-

PARKING SPACES

40

LAND DETAILS

LAND ACRES

9.7 AC

LAND SF

422,532 SF

ZONING

03

APN/PARCEL ID

890087926

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312-782-5800

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312-782-5800

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