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- LoopNet Team
224 State St
Oshkosh, WI 54901
Northwestern Building · Office Property For Sale
INVESTMENT HIGHLIGHTS
- Opportunity Zone property with Income and redevelopment upside
- 37,000 vacant sf suitable for a variety of uses including Office, Retail, Restaurant, and Residential Space
- Renovated in 2019 and all Due Diligence is current
- State and Federal tax credits, PACE, TIF, & business development tax credits available
- 20,387 SF leased to the Daily Northwestern for the next 4.5 years at 192,600 NNN
PROPERTY FACTS
AMENITIES
- 24 Hour Access
- Fireplace
- Skylights
- Basement
- Central Heating
- High Ceilings
- Natural Light
- Open-Plan
- Partitioned Offices
- Air Conditioning
- Balcony
ABOUT 224 STATE ST , OSHKOSH, WI 54901
HMX Realty Advisors exclusively presents for lease or sale 226 214 State Street Oshkosh WI, a historic 57,280 square foot office building. The Daily Northwestern, a wholly-owned subsidiary of Gannett (NYSE: GCI) currently leases 20,387 sf of the property for the next 4.5 years for $192,600 per year triple net. The balance of the property is vacant and available for lease at $6 --$11 PSF. Based on the Daily Northwestern income the property is for sale at a 12 cap. It is on the National Register of Historic Places and is located in a recently established Opportunity Zone in the center of downtown Oshkosh, Wisconsin. This building can be subdivided with separate entrances and is suitable for a variety of uses. The Daily Northwestern lease expires on April 31, 2024 and the rent is flat. There are two 3 year options to renew each wi th a 15% escalation. For the complete history of the Daily Northwestern click History of Daily Northwestern
PROPERTY TAXES
| Parcel Number | 02-0020-0000 | Improvements Assessment | $344,800 |
| Land Assessment | $55,600 | Total Assessment | $400,400 |
PROPERTY TAXES
