Island Circle - Value Add Industrial

Description:

Ri Marketplace Online Auction August 11-13, 2025
Register to bid on Marketplace:

https://rimarketplace.com/auction/2626/island-circle-value-add-industrial?utm_source=brevitas&utm_medium=listing&utm_campaign=external&utm_content=industrial_2626

Marcus & Millichap is pleased to present the opportunity to acquire the property located at 3315 to 3321 Island Circle in Grand Island, Nebraska, leased to Hastings Foods LLC and Optimas OE Solutions.

The subject property consists of approximately 76,420 square feet of warehouse space and is situated on 6.27 acres of land.
Zoned for heavy manufacturing use, the two-building asset features nine dock-high doors, three grade-level doors, a clear height between 16’ and 18’, and heavy three-phase power with 2000 volts and 480 amps. Located at the interchange between U.S. Routes 281 and 30, the asset sits about a two hour drive southwest of Omaha via Interstate 80. In addition to this property, buyers have the option of acquiring the adjacent 0.95-acre lot located at 702 South Webb Road.

With 6,100 square feet available, this sale offers a lease-up opportunity anchored by two longstanding tenants. Both tenants occupy each building on triple-net leases with Hastings Foods’ agreement running through December 2026 and Optimus OE Solutions’ lease expiring in January 2027.
Together the tenants generate a net operating income of over $710,000. Occupied since 2009, Hastings Foods is a small, privately-owned manufacturing company of high-quality meat products for domestic distribution and export to Japan.

Optimas OE Solutions, a global manufacturer, distributor, and service provider of fasteners such as nuts and bolts, has occupied the property since 2012. Optimas employs about 1,400 team members across the globe, serving over 5,000 customers each year