Q2 2012 Omaha, Nebraska Retail Property Sales Analysis

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Q2 2012 Omaha, Nebraska Retail Property Sales Analysis


The eight retail properties sold during the second quarter equaled the number of transactions completed over the preceding four; the $27.2 million exchanged in the second quarter’s deals alone nearly equaled the previous four-quarter total. The average selling price and mean cap rate for the latest quarter’s sales were $69 psf and 11.5%. The 12-month rolling mean cap rate was 8.9%, up from 8.8% a year prior. In the second quarter’s largest deal, the largest in a year, U Save Foods Inc. paid Maplewood Square LLC $5.72 million ($46 psf) for the 124,104-square-foot Maplewood Square community center at 2605 N. 90th Street, Omaha. The deal for the 1970-built property closed in April. The same month, the same buyer acquired three local Bag ‘N Save properties at prices ranging from $48 psf to $55 psf.