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1230 Corporate Center Drive

1230 Corporate Center Drive, Oconomowoc, WI 53066

$1,700,000

24,278 SF | Office

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Office Property For Sale

Price:
$1,700,000
Building Size:
24,278 SF
Price/SF:
$70.02
Property Type:
Office
Property Sub-type:
Office Building
Additional Sub-types:
Medical Office
Office-Business Park
Property Use Type:
Investment
Distressed:
Yes
Occupancy:
24%
No. Stories:
1
Building Class:
B
Tenancy:
Multiple
Year Built:
1996
Lot Size:
2.92 AC
APN / Parcel ID:
OCOC0634999050
Parking Ratio:
3.80 / 1,000 SF
Listing ID
18701130
Last Updated
4 days ago

Find Out More...

Highlights

  • Opportunity for immediate owner-user occupancy, or value-add play with lease-up
  • Located in established Oconomowoc Corporate Center business park, and situated across from the Pabst Farms master-planned mixed-use development
  • Convenient location between the Madison and Milwaukee metropolitan areas with immediate access to both Hwy 67 and I-94 east/west
  • Building can be acquired for significantly less than replacement cost

Description

We., on behalf of the owner of record, are offering for sale a 100% fee simple interest in the four-suite office building located at 1230 Corporate Center Drive in Waukesha, WI. This opportunity offers turn-key space for a user or value-add potential for an investor through lease-up and stabilization in the growing Oconomowoc submarket.

The subject property is located within the Oconomowoc Corporate Center, a 130-acre business park on the northwest corner of the I-94/Hwy 67 intersection, less than half of a mile from the interchange, which provides convenient access to both Madison (45 miles to the west) and Milwaukee (30 miles to the east). The building is also located across from Pabst Farms, a 1,500-acre master planned community under development. There are plans for over 400 residences, with over 170 lots already sold. In addition to the residential portion, there are plans in place for over 15 retail storefronts, over 1,200,000 sq. ft. of planned commercial uses, as well as hotel, health & wellness, and educational facilities.

Major Tenant Information

Map of 1230 Corporate Center Drive, Oconomowoc, WI 53066 (Waukesha County)

Research for 1230 Corporate Center Drive, Oconomowoc, WI 53066 (Waukesha County)

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Contact Listing Broker to find out more details.

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Asking Price Index Trends for Oconomowoc, WI Office For Sale

  Jul 14 vs. 3 mo.
prior
Y-O-Y
-
State
$71+0.1%-2.6%
-
Metro
$80-2.4%-4.5%

View Oconomowoc Market Trends for other property types for sale or lease. Learn more about the chart info.

1230 Corporate Center Drive
  • Office
  • $1,700,000
  • 24,278 SF