OFFICE/RETAILFORLEASE RAIL & COMMERCE BUILDING 950 S. 10th Street Omaha, NE 68108 OFFERED BY: Walt Peffer, Sales & Leasing Agent Don Groesser, Sales & Leasing Agent Colleen Mason, Sales & Leasing Agent Ryan Ellis, President 7801 Wakeley Plaza Omaha, NE 68114 402-397-7775 pjmorgan.com
THE STORY THE MECCA OF MAIL What was once a key stop during the pinnacle of railroaddelivered mail, the Rail and Commerce Building first opened its doors on July 3, 1926. Designed by W.T. Krausch, a well-known engineer of the time, and originally titled the Burlington Mail Terminal, the building, now listed on the National Register of Historic Places, features a unique design to best accommodate the railway which once traveled through its lower level. Along the railroad tracks was also the original connection to the 10th Street Bridge. KM3TV/Bostwick-Frohardt Photograph Collection, The Durham Museum The building also features the Daylight Factory design, which had become common to multi-storied industrial structures. The use of steel rods embedded in concrete construction allows for the creation of layer upon layer of nearly unobstructed floor space. Large windows fill the exterior walls to flood the space with natural light and fresh air. OMAHA, THERE S A NEW HOT SPOT IN TOWN The Rail and Commerce Building lies right in the hub of the historic Rail and Commerce District, an area that was vital to Omaha s economic growth from the late 1800 s to the mid-1900 s. The district s proximity to downtown Omaha and its unique offering of historic commercial, residential and retail buildings is driving its recent boom! New, notable projects keep popping up, including the renovation of the historic Burlington Station by KETV, the addition of the Blue Barn Theater and BoxCar 10 Apartments, and the re-purposing of the Postal Annex into a year-round artisan farmer s market. Within the next two years, the Rail and Commerce District is slated to experience phenomenal growth - an estimated $100 million dollars is currently being committed to capital improvements in the area. KETV BURLINGTON STATION BLUE BARN THEATER BOXCAR 10 APARTMENTS KETV.com Min Day Architects Min Day Architects
FUTURE:FORWARD Located between Little Italy and the Old Market, the Rail and Commerce Building is the perfect locale for those who want to be in the mix. The modern restoration will include a vast array of cutting edge technology and focus on sustainability. Rooftop solar and high efficiency mechanical systems will be added, while retaining the building s historic aesthetics and timeless architecture. The tenant mix will embrace both office and retail businesses. The building will also include a 2,000 SF exercise facility and underground and enclosed parking, all exclusively for tenant use. In addition to the new features, the restoration of the Rail and Commerce Building will maintain original design elements. Historic replicas will replace the current windows and the exterior and interior brick will remain exposed. The observation galleries will be restored and the original rail in the lower level will remain visible. Seventeen-foot ceilings accompanied by over-sized windows will wash workspaces with natural light and provide tenants with impressive views of downtown, exclusive to the Rail and Commerce Building. SUNSET FROM THE ROOFTOP
DATASHEET PROPERTY DETAILS Rental Rate Min SF Avail Max SF Avail Total Contiguous Building Size Building Class Year Built Renovated Zoning No. of Floors Clearance Height Elevators AC Heat WiFi Total Site Area Parking Ratio Parking Type Traffic Count $17.85-25.00 NNN 3,500 SF 9,500 SF 6,000 SF 96,472 SF A 1890 2015 Central Business District 4 17 Freight; passenger 100% Forced Air Available 21,060 SF 2:1 Paved; covered 8,112 EADT EAST DRIVE-IN ACCESS Lease Term 5 years WHEEL DRUM SPACE AVAILABILITY Suite/Floor SF Available Rent Rate NNN Lower Level Fully Leased N/A First Floor 3,500 SF Restaurant $25.00 PSF Second Floor 6,000 SF $17.85-18.00 PSF Third Floor Fully Leased N/A
EXTERIOR SOUTHEAST CORNER FACING NORTHWEST EAST SIDE FACING WEST VIEW OF 10TH ST. BRIDGE
DEMOGRAPHICS & INTERIOR RENDERINGS DEMOGRAPHICS - 1 & 3 MILE RADIUS 1 Mile 3 Miles Population 12,239 103,120 Median Income $34,276 $36,343 Median Age 32 31 Total Employees 35,004 122,113
RESTAURANT RENDERINGS & FLOORPLAN RESTAURANT OUTDOOR SEATING RESTAURANT OUTDOOR SEATING INTERIOR (optional) INTERIOR EXTERIOR
ELEVATION SECOND FLOOR LEASED THIRD FLOOR FULLY LEASED SECOND FLOOR 6,000 SF AVAILABLE $17.85-18.00NNN FIRST FLOOR 3,500 SF RESTAURANT AVAILABLE $25.00NNN (Can be sub-divided) LOWER LEVEL FULLY LEASED
MISC. MACHINE FLOOR PLANS FREE WEIGHTS SQUAT RACK BENCH BENCH SQUAT RACK DN UP STAIR 1 LOBBY WOMEN DN MEN UP JANITOR TENANT 5 TENANT 4 TENANT 3 TENANT 2 TENANT 1 TENANT 6 CONFERENCE ROOM TENANT 7 BREAK ROOM/LOUNGE STORAGE TENANT 8 OPEN OFFICE MAIL ROOM EV 1 EV 2 TENANT 9 CORR TENANT 10 TENANT 11 TENANT 12 CONFERENCE ROOM ELEC STAIR 2 TELECOM STORAGE AEROBICS TENANT 13 WORK-OUT 037 2445 SF MISC. MACHINE MISC. MACHINE MEN 038 223 SF MISC. MACHINE MISC. MACHINE WOMEN 039 228 SF TREADMILL ELLIPTICAL TREADMILL ELLIPTICAL TREADMILL TREADMILL ELLIPTICAL ELLIPTICAL ELLIPTICAL 1 NEW LOWER LEVEL FLOOR FINISH PLAN 1/8" = 1'-0" LOWER LEVEL LEASED BURLINGTON MAIL TERMINAL NEW LOWER LEVEL FLOOR PLAN 06/09/15
FLOOR PLANS LEASED FIRST FLOOR INTERIOR (optional) INTERIOR EXTERIOR
LEASED SECOND FLOOR FLOOR PLANS
LEASED THIRD FLOOR FLOOR PLANS
FLOOR PLANS 1 ELECTRICAL T002 MECHANICAL T003 TRACK LEVEL FLOOR PLAN 1/8" = 1'-0" MECHANICAL T010 STAIR 1 T004 UP MECHANICAL T009 LOBBY T005 PARKING T001 EV 1 EV 2 TRACK LEVEL\ UNDERGROUND PARKING TELECOM SERVICE FACILITY/MDF T008 STAIR 2 T007 UP STORAGE T011 BURLINGTON MAIL TERMINAL TRACK LEVEL FLOOR PLAN 09/28/15
LOCATION PARKING 950 S. 10th St. N 7 MAP KEY 3 15 9 10 1 2 6 11 16 12 5 13 4 N 14 8 1. Blue Barn Theater 2. Boxcar 10 Apartments 3. Burlington League 4. CO2 Apartments 5. Donut Stop 6. Dunsany Flats 7. Durham Museum 8. Grace University 9. House of Loom 10. KETV Burlington Station 11. Orsi s Pizza 12. Postal Annex Farmer s Market 13. Sons of Italy 14. St. Frances Cabrini Church 15. U.S. Post Office 16. Via Farina
P.J. MORGAN REAL ESTATE LEASING TEAM Walt Peffer Sales & Leasing Agent wpeffer@pjmorgan.com 402-670-5333 Don Groesser Sales & Leasing Agent dongroesser@cox.net 402-598-0425 Colleen Mason Sales & Leasing Agent cmason@pjmorgan.com 402-709-4331 Ryan Ellis President rellis@pjmorgan.com 402-578-7536 Information furnished is from sources deemed reliable, but is not guaranteed by P.J. Morgan Real Estate, or its agents and is subject to change, corrections, errors, omissions, prior sales or withdrawal, without notice.