This Office Property is Off-Market.

515 S 32nd Ave
Wausau, WI 54401 ·

11,340 SF · Office For Sale

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V.A. Clinic Wausau

Price N/A No. Stories 2
Building Size 11,340 SF Building Class B
Property Type Office Tenancy Single
Property Sub-type Medical Office Lot Size 1.23 AC
Property Use Type Net Lease Investment with 10+ years left on lease APN / Parcel ID 291-2907-331-0988
Cap Rate 11.80% Parking Ratio 50 / 1,000 SF
Listing ID: 18193722 Date Created: 05/29/2013 Last Updated: 12/23/2014

Description

A prime investment property: Medical Office with a single-tenant. VA Clinic - GSA Lease, two yrs on current lease with 5, two yr renewable options. 2-story, 11,340 SF Facility. Rooms: 11-exam, 7-admin, 6-clinic councel, 2-conference, lab, reception and nursing. New Elevator. Parking for 50. Facility recently remodeled and updated. Tenant invested $400K in TI. Good 1031 exchange, 11.8% CAP Rate, All Financials & Leases available upon request.

Located near the large medical campuses of Aspirus Hospital and Marshfield Clinic in Wausau, WI. West on Stewart Ave to 32nd Ave, turn North on 32nd Ave, travel approximately one block, the property will be on east side of steet.

Highlights

  • Medical Office - Single Tenant
  • Veterans Administration Clinic - GSA Lease
  • Prime Investment 9.5% CAP Rate
  • Near large medical campuses

Research

515 S 32nd Ave, Wausau, WI 54401 (Marathon County)

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