515 S 32nd Ave, Wausau, WI, 54401 - Available for Sale

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V.A. Clinic Wausau

515 S 32nd Ave, Wausau, WI 54401

$1,199,000

11,340 SF | Office

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Office Property For Sale

Price:
$1,199,000
Building Size:
11,340 SF
Price/SF:
$105.73
Property Type:
Office
Property Sub-type:
Medical Office
Property Use Type:
Net Lease Investment with
10+ years left on lease
Cap Rate:
11.80%
Occupancy:
100%
No. Stories:
2
Building Class:
B
Tenancy:
Single
Lot Size:
1.23 AC
APN / Parcel ID:
291-2907-331-0988
Parking Ratio:
50 / 1,000 SF
Listing ID
18193722
Last Updated
1 day ago

Find Out More...

Highlights

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

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.

Financial Summary

  • Actual
  • $142,025

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

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Ark Rhowmine
Ark Rhowmine

Commercial Real Estate Advisor. Northern & Central Wisconsin

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License #54598 - Real Estate Broker - State of Wisconsin

Asking Price Index Trends for Wausau, WI Office For Sale

  Aug 14 vs. 3 mo.
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Y-O-Y
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State
$71+0.4%-2.8%

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V.A. Clinic Wausau
  • Office
  • $1,199,000
  • 11,340 SF