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1851 S Alverno Rd 36,942 SF 100% Leased Office Building Manitowoc, WI 54220 $3,250,000 ($87.98/SF) 6.50% Cap Rate
Investment Highlights
- Located near Interstate 43, providing excellent regional connectivity to Green Bay, Sheboygan, and Milwaukee.
- Modern pre-engineered steel frame construction with additions completed in 2012 and 2017 for enhanced functionality.
- Well-maintained property grounds offering a professional and attractive business environment.
- Situated on 8.44 acres with exceptionally large surface parking to accommodate high employee or visitor traffic.
- Flexible office/flex layout designed for adaptability and future growth opportunities.
Executive Summary
Located at 1851 South Alverno Road in Manitowoc, Wisconsin, this expansive office/flex property offers a versatile opportunity for both sale and lease. Situated on 8.44 acres, the site features a total building size of approximately 36,942 square feet, designed with adaptability and future growth in mind. Originally constructed in 2007 with significant additions in 2012 and 2017, the facility is built with a pre-engineered steel frame structure, ensuring durability and functionality for a wide range of business uses.
The property boasts exceptionally well-maintained grounds and an extensive surface parking lot, providing convenience for employees and visitors alike. With its proximity to Interstate 43, the location offers excellent regional connectivity and easy access to major markets, including Green Bay, Sheboygan, and Milwaukee.
This property is offered for sale at $3,250,000, with lease rate negotiable. Its flexible design, strong infrastructure, and strategic location near a skilled workforce make it an outstanding option for businesses seeking a high-quality facility in a growing market.
The property boasts exceptionally well-maintained grounds and an extensive surface parking lot, providing convenience for employees and visitors alike. With its proximity to Interstate 43, the location offers excellent regional connectivity and easy access to major markets, including Green Bay, Sheboygan, and Milwaukee.
This property is offered for sale at $3,250,000, with lease rate negotiable. Its flexible design, strong infrastructure, and strategic location near a skilled workforce make it an outstanding option for businesses seeking a high-quality facility in a growing market.
Property Facts
Sale Type
Investment
Property Type
Office
Building Size
36,942 SF
Building Class
B
Year Built/Renovated
2007/2015
Price
$3,250,000
Price Per SF
$87.98
Cap Rate
6.50%
NOI
$211,250
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
36,942 SF
Building FAR
0.10
Lot Size
8.44 AC
Parking
415 Spaces (11.23 Spaces per 1,000 SF Leased)
Space Availability
- Space
- Size
- Space Use
- Build-Out
- Available
Large Office/Flex Space - Designed to fit your vision! Contact Broker for Lease Rate
| Space | Size | Space Use | Build-Out | Available |
| 1st Floor | 10,537 SF | Flex | Full Build-Out | 30 Days |
1st Floor
| Size |
| 10,537 SF |
| Space Use |
| Flex |
| Build-Out |
| Full Build-Out |
| Available |
| 30 Days |
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1st Floor
| Size | 10,537 SF |
| Space Use | Flex |
| Build-Out | Full Build-Out |
| Available | 30 Days |
Large Office/Flex Space - Designed to fit your vision! Contact Broker for Lease Rate
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Somewhat walkable
20/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
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