Overview

Orion Advisor Solutions

ESSENTIAL INFORMATION

  • Corporate Guaranty by Orion Advisor Solutions
  • Orion is a wealthtech powerhouse delivering an integrated suite of fully connected, disruptive technology and investment solutions on an open architecture platform.
  • 10+ years of lease term remaining at time of acquisition
  • 2% annual rent escalations and two 5-year extension options with annual escalations
  • Located in one of Omaha’s highest income areas
  • Status Under Management
  • Area 105,000 square feet
  • Location Omaha, NE
  • Type Corporate HQ
  • StrategyOpportunistic Institutional

Description

Sentinel Net Lease, LLC (“Sentinel”) acquired the 105,000 square foot corporate headquarters of Orion Advisor Solutions (“Orion”) located in the City of Omaha, Nebraska. The property consists of two separate buildings and is 100% leased to Orion with 10+ years remaining on the current lease. Orion has continuously occupied Building 1 since it opened 2012 and elected to expand its footprint by 45,000 SF with the development of Building 2 in 2016.

Key Metrics

  • Purchase Price:
  • Net Rentable SF: 105,000
  • Capitalization Rate 8.44% based on year 1 Net Operating Income (NOI)
  • Projected 2.8x net equity multiple
  • Target 17.5% Net IRR
  • NN+ Lease

Gallery

Location

Address

17605 Wright Street, Omaha, NE 68130