Brauvin Net Capital, L.L.C. has acquired a 31,500 square foot OfficeMax retail building located in Omaha, Nebraska for approximately $3.6 million. The property is located in the primary retail of Omaha near the Oakview Mall, a regional mall anchored by DillardÕs, Sears, JC Penney. The property is leased OfficeMax North America, Inc., a wholly owned subsidiary of OfficeMax, Inc. (NYSE: OMX; S&P Rated B+), the third largest office supplies and products retailer in the U.S. OfficeMax North America, Inc. was previously named OfficeMax, Inc. until the company was acquired (and renamed) by Boise Cascade Corporation in 2003. Boise Cascade Corporation renamed itself OfficeMax, Inc. subsequent to the acquisition. OfficeMax, Inc. was generating approximately $5 billion in annual sales before it was acquired.

The Office Max location is a "hub" within the Office Max system and it contains a Copy Max facility and provides services to the general public as well as other Office Max outlets in the Omaha market. The subject location is one of the top performing Office Max locations in its market and ranks in the top 25% nation wide.

The property was acquired with a short term remaining on the initial lease. However, due to the strong unit level performance and market conditions, Brauvin believes there is a high probability that the lease will be renewed on favorable terms.