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1620 N Shawano St 7,880 SF 75% Leased Office Building New London, WI 54961 $1,249,000 ($158.50/SF) 7.11% Cap Rate
INVESTMENT HIGHLIGHTS
- High traffic frontage, easy access in a growing area
- Private suites with quality tenants
- Low maintenance, updated building
EXECUTIVE SUMMARY
Prime investment in rapidly expanding region. Excellent frontage. Well maintained all-brick building with ample parking. Across from Walmart and Tractor Supply, new Aldi nearby and adjacent to a future 6 acre medical facility.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Medical
Building Size
7,880 SF
Building Class
B
Year Built
1995
Price
$1,249,000
Price Per SF
$158.50
Cap Rate
7.11%
NOI
$88,804
Percent Leased
75%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
8,034 SF
Building FAR
0.10
Lot Size
1.90 AC
Zoning
M-P
Parking
81 Spaces (10.08 Spaces per 1,000 SF Leased)
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- CONDITION
- AVAILABLE
Unit A - 2,075 sq ft - $2,500/mo Unit B - 900 sq ft - $1,500/mo
| Space | Size | Space Use | Condition | Available |
| 1st Fl-Ste A & B | 2,500 SF | Office | - | Now |
1st Fl-Ste A & B
| Size |
| 2,500 SF |
| Space Use |
| Office |
| Condition |
| - |
| Available |
| Now |
1st Fl-Ste A & B
| Size | 2,500 SF |
| Space Use | Office |
| Condition | - |
| Available | Now |
Unit A - 2,075 sq ft - $2,500/mo Unit B - 900 sq ft - $1,500/mo
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PROPERTY TAXES
| Parcel Number | 33-01-41-20 | Improvements Assessment | $384,700 |
| Land Assessment | $69,100 | Total Assessment | $453,800 |
PROPERTY TAXES
Parcel Number
33-01-41-20
Land Assessment
$69,100
Improvements Assessment
$384,700
Total Assessment
$453,800
CONTACT
-
Neal Roebke - Tri County Investments LLC
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Presented by
Tri County Investments LLC
1620 N Shawano St
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