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Two Rivers Industrial Center 606 Parkway Blvd 318,783 SF 100% Leased Industrial Building Two Rivers, WI 54241 $5,000,000 ($15.68/SF) 7.60% Cap Rate
Investment Highlights
- 5 docks, 3 drive-in doors and 4 truck wells.
- Located in an Opportunity Zone.
Executive Summary
Colliers is pleased to present the Two Rivers Industrial Center for Sale & Lease at 606 Parkway Blvd located in Two Rivers, WI.
This 318,783 SF facility is a multi-tenant manufacturing & distribution center situated on 27 acres with ample outdoor storage
and parking areas. The building is currently 40% occupied by AIM Manitowoc through June 30, 2027. There is an estimated
$2,500,000 in renovations required to bring Sections B, C & D to leasable condition, which would add 192,783 SF of leasable
area to the building footprint.
This 318,783 SF facility is a multi-tenant manufacturing & distribution center situated on 27 acres with ample outdoor storage
and parking areas. The building is currently 40% occupied by AIM Manitowoc through June 30, 2027. There is an estimated
$2,500,000 in renovations required to bring Sections B, C & D to leasable condition, which would add 192,783 SF of leasable
area to the building footprint.
Property Facts
| Price | $5,000,000 | Rentable Building Area | 318,783 SF |
| Price Per SF | $15.68 | No. Stories | 1 |
| Sale Type | Investment or Owner User | Year Built/Renovated | 1957/2024 |
| Cap Rate | 7.60% | Parking Ratio | 1.3/1,000 SF |
| Sale Condition | Deferred Maintenance | Clear Ceiling Height | 22’ |
| Property Type | Industrial | No. Dock-High Doors/Loading | 5 |
| Property Subtype | Warehouse | No. Drive In / Grade-Level Doors | 3 |
| Building Class | B | Opportunity Zone |
Yes
|
| Lot Size | 27.00 AC | ||
| Zoning | Industrial II - Heavy Manufacturing | ||
| Price | $5,000,000 |
| Price Per SF | $15.68 |
| Sale Type | Investment or Owner User |
| Cap Rate | 7.60% |
| Sale Condition | Deferred Maintenance |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | B |
| Lot Size | 27.00 AC |
| Rentable Building Area | 318,783 SF |
| No. Stories | 1 |
| Year Built/Renovated | 1957/2024 |
| Parking Ratio | 1.3/1,000 SF |
| Clear Ceiling Height | 22’ |
| No. Dock-High Doors/Loading | 5 |
| No. Drive In / Grade-Level Doors | 3 |
| Opportunity Zone |
Yes |
| Zoning | Industrial II - Heavy Manufacturing |
Amenities
- Bus Line
- Commuter Rail
- Yard
- Storage Space
Utilities
- Lighting - Fluorescent
- Gas - Natural
- Water - City
- Sewer - City
- Heating - Gas
Space Availability
- Space
- Size
- Space Use
- Condition
- Available
Total Building Size: 318,783 SF - 85% Warehouse - 15% Office Loading: 5 docks | 3 drive-ins | 4 truck wells Sprinklers: Yes, wet system throughout Power: Heavy
| Space | Size | Space Use | Condition | Available |
| 1st Floor | 192,783 SF | Industrial | Full Build-Out | 30 Days |
1st Floor
| Size |
| 192,783 SF |
| Space Use |
| Industrial |
| Condition |
| Full Build-Out |
| Available |
| 30 Days |
1st Floor
| Size | 192,783 SF |
| Space Use | Industrial |
| Condition | Full Build-Out |
| Available | 30 Days |
Total Building Size: 318,783 SF - 85% Warehouse - 15% Office Loading: 5 docks | 3 drive-ins | 4 truck wells Sprinklers: Yes, wet system throughout Power: Heavy
Property Taxes
| Parcel Number | 053-211-102-001.08 | Improvements Assessment | $3,151,300 |
| Land Assessment | $61,400 | Total Assessment | $3,212,700 |
Property Taxes
Parcel Number
053-211-102-001.08
Land Assessment
$61,400
Improvements Assessment
$3,151,300
Total Assessment
$3,212,700
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Two Rivers Industrial Center | 606 Parkway Blvd
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