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Fully Leased Industrial Facility 100 Wisconsin River Dr 299,150 SF Industrial Building Port Edwards, WI 54469 $8,205,355 ($27.43/SF) 7.75% Cap Rate

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INVESTMENT HIGHLIGHTS

  • Fully Leased to Milk Specialties Global (MSG)
  • Below market lease rate of $2.74/SF MG with 2% annual escalations
  • 2 dedicated rail spurs w/ indoor/outdoor loading
  • Asking Price: $8,205,355 – 7.75 CAP ($27.43/SF, below vacant owner/user pricing)
  • 100% food grade

EXECUTIVE SUMMARY

Colliers is pleased to offer for sale this single-tenant 100% leased industrial investment property located in Port Edwards, WI. This 290,000 square foot food-grade distribution facility is fully leased by Milk Specialties Global, a growing human and animal nutrition company headquartered in Eden Prairie, MN. This well maintained facility was constructed in 1994, and sits on 14.5 acres with direct rail service. The building has many salient features, including 23’ clear heights, 28 loading docks with levelers, high efficiency T-8 motion lighting, and numerous food grade certifications.

PROPERTY FACTS

Price $8,205,355
Price Per SF $27.43
Sale Type Investment
Cap Rate 7.75%
Property Type Industrial
Property Subtype Distribution
Building Class C
Lot Size 20.17 AC
Rentable Building Area 299,150 SF
No. Stories 1
Year Built 1994
Tenancy Single
Clear Ceiling Height 25’
No. Dock-High Doors/Loading 28
Opportunity Zone Yes
Zoning Industrial-Heavy

UTILITIES

  • Gas
  • Water - City

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
2700081B
Land Assessment
$203,000
Improvements Assessment
$4,539,100
Total Assessment
$4,742,100
  • Listing ID: 33616599

  • Date on Market: 10/23/2024

  • Last Updated:

  • Address: 100 Wisconsin River Dr, Port Edwards, WI 54469

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