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122 E College Ave - City Center East 31,878 SF Office Condo Unit Offered at $3,067,977 in Appleton, WI 54911
Investment Highlights
- First Class Office Condominium Unit, located in the heart of downtown Appleton
- Tenant spent substantial tenant improvement dollars for remodel
- Building has high quality interior finishes, private offices, open area for workstations
- Building has one (1) passenger elevator, one (1) freight elevator and two (2) enclosed truck doors
Executive Summary
First Class Office Condominium Unit, located in the heart of Downtown Appleton.
1 Unit Available
- Unit
- Unit Size
- Condo Use
- Price
- NOI
| Sale Type | Investment | Cap Rate | 9.34% |
| Sale Type | Investment |
| Cap Rate | 9.34% |
Description
This is for Condos (Unit 204 - 30,394 sq. ft; Unit 205 - 421 sq. ft. and Unit 206 - 435 sq. ft.)
Sale Notes
Current tenant is Azco with current term 1/2/23-12/31/28 with two 5 year options.
| Unit | Unit Size | Condo Use | Price | NOI |
| Unit 202-204-20 | 31,878 SF | Office | $3,067,977 ($96.24/SF) | $286,478 |
Unit 202-204-20
| Unit Size |
| 31,878 SF |
| Condo Use |
| Office |
| Price |
| $3,067,977 ($96.24/SF) |
| NOI |
| $286,478 |
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Unit 202-204-20
| Unit Size | 31,878 SF |
| Condo Use | Office |
| Price | $3,067,977 ($96.24/SF) |
| NOI | $286,478 |
| Sale Type | Investment |
| Cap Rate | 9.34% |
| Description | |
| This is for Condos (Unit 204 - 30,394 sq. ft; Unit 205 - 421 sq. ft. and Unit 206 - 435 sq. ft.)</li></ul> | |
| Sale Notes | |
| Current tenant is Azco with current term 1/2/23-12/31/28 with two 5 year options.</li></ul> |
Property Facts
The following property facts and amenities apply to the entire building. Details for individual condo units may vary and are listed in the unit information above.
| Total Building Size | 164,695 SF | Year Built | 1970 |
| Property Type | Office (Condo) | Lot Size | 1.43 AC |
| Building Class | C | Parking Ratio | 4.86/1,000 SF |
| Floors | 4 | Opportunity Zone |
Yes
|
| Typical Floor Size | 41,174 SF | ||
| Zoning | IL1 - Commercial | ||
| Total Building Size | 164,695 SF |
| Property Type | Office (Condo) |
| Building Class | C |
| Floors | 4 |
| Typical Floor Size | 41,174 SF |
| Year Built | 1970 |
| Lot Size | 1.43 AC |
| Parking Ratio | 4.86/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | IL1 - Commercial |
Amenities
- 24 Hour Access
- Bus Line
- Conferencing Facility
- Property Manager on Site
- Signage
- Storage Space
- Air Conditioning
1 1
Moderately walkable
70/100
Moderately drivable
60/100
Some public transit
40/100
Moderately bikeable
60/100
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122 E College Ave - City Center East
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