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Riverside Center I 328 Front St S 64,480 SF 100% Leased Office Building La Crosse, WI 54601 $14,000,000 ($217.12/SF) 10.70% Cap Rate
Investment Highlights
- Single Tenant Net Lease (STNL) United Healthcare's Optum
- Overlooks the Mississippi River
- Restaurant and Bar located off the lobby
Executive Summary
CBRE is pleased to present the opportunity to acquire one or all three office buildings known as Riverside Center in La Crosse, WI. NNN Lease with United Healthcare's Optum.. UnitedHealth Group maintains strong investment-grade A+/A- credit ratings. Riverside I is fully occupied by United Healthcare’s Optum. Located off of the lobby is the upscale restaurant, The Waterfront. The restaurant has a large covered and heated patio overlooking the river. Recently, after 20 years as being La Crosse’s premier restaurant, the owner has decided to close. Their lease is still active, and the Weber Group continues to pay the monthly rent and operating expenses.
To download the Offering Memo (OM), please go to www.riversidecenter-cbre.com and register the Confidentiality Agreement to download the full Offering Memorandum and the financials.
To download the Offering Memo (OM), please go to www.riversidecenter-cbre.com and register the Confidentiality Agreement to download the full Offering Memorandum and the financials.
Property Facts
Sale Type
Investment NNN
Sale Condition
Bulk/Portfolio Sale
Property Type
Building Size
64,480 SF
Building Class
C
Year Built
2005
Price
$14,000,000
Price Per SF
$217.12
Cap Rate
10.70%
NOI
$1,498,457
Percent Leased
100%
Tenancy
Multiple
Building Height
6 Stories
Typical Floor Size
14,590 SF
Building FAR
2.16
Lot Size
0.69 AC
Zoning
MZA
Amenities
- Food Service
- Restaurant
- Waterfront
- Outdoor Seating
- Backup Power / Generators
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Moderately walkable
60/100
Moderately drivable
70/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 017-020025-056 | Improvements Assessment | $9,957,200 |
| Land Assessment | $664,000 | Total Assessment | $10,621,200 |
Property Taxes
Parcel Number
017-020025-056
Land Assessment
$664,000
Improvements Assessment
$9,957,200
Total Assessment
$10,621,200
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Videos
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Photos
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Street
Map
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Riverside Center I | 328 Front St S
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