Gold’s Building Has New Owners

Keating Resources reports the sale of the iconic Gold’s Building at the center of downtown Lincoln at 1033 O Street. The 322,536 square foot structure covering nearly an entire city block is Lincoln’s largest privately-owned office building. The building sold for $5,000,000 less than two years after Keating Resources bought the building in December, 2019 for $2,300,000.

The buyer is an entity led by Lincoln investor Mike Works.

Mark Seger, Executive Vice President with the Omaha office of CBRE, who represented both parties in the transaction, complimented Keating Resources for identifying value and strategically solving problems that plagued the property for decades. Seger also said that the $5,000,000 or $15 per square foot purchase price represents an excellent value versus a $90,000,000 or $300 per square foot cost to replace.