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Chapman Avenue Warehouse 729 Chapman Ave 165,569 SF 100% Leased Industrial Building Neenah, WI 54956 $5,900,000 ($35.63/SF) 7.41% Cap Rate
Investment Highlights
- Located just 0.6 miles (3 minutes) from I-41 access.
- Key amenities include (8) 10’x10’ loading docks, (2) 8’x8’ loading docks, and (2) 8’x10’ overhead doors.
Executive Summary
Industrial Buildings For Sale – Multi-Tenant Net Lease Investment Opportunity
Located at 729-884 Chapman Ave, Neenah, WI 54956, this exceptional industrial property offers a prime investment opportunity just 0.6 miles (3 minutes) from I-41 access. The site encompasses 165,569 SF of building space on approximately 5.38 acres, spread across multiple parcels (Parcel Numbers: 121-0741, 121-0736, 121-0737, 121-0744, 121-0742 & 121-0731 [portion]). Zoned I-2 Heavy Industrial District, the property features versatile building sections with varying clear heights, making it suitable for a range of industrial uses.
Key amenities include (8) 10’x10’ loading docks, (2) 8’x8’ loading docks, and (2) 8’x10’ overhead doors, ensuring efficient logistics and distribution capabilities. The property benefits from a strong income profile with a 7.41% cap rate, 2024 taxes totaling $44,153, and a competitive sale price of $5,900,000. This multi-tenant configuration provides stability and long-term value for investors seeking a well-located industrial asset in a thriving market.
Located at 729-884 Chapman Ave, Neenah, WI 54956, this exceptional industrial property offers a prime investment opportunity just 0.6 miles (3 minutes) from I-41 access. The site encompasses 165,569 SF of building space on approximately 5.38 acres, spread across multiple parcels (Parcel Numbers: 121-0741, 121-0736, 121-0737, 121-0744, 121-0742 & 121-0731 [portion]). Zoned I-2 Heavy Industrial District, the property features versatile building sections with varying clear heights, making it suitable for a range of industrial uses.
Key amenities include (8) 10’x10’ loading docks, (2) 8’x8’ loading docks, and (2) 8’x10’ overhead doors, ensuring efficient logistics and distribution capabilities. The property benefits from a strong income profile with a 7.41% cap rate, 2024 taxes totaling $44,153, and a competitive sale price of $5,900,000. This multi-tenant configuration provides stability and long-term value for investors seeking a well-located industrial asset in a thriving market.
Property Facts
| Price | $5,900,000 | Rentable Building Area | 165,569 SF |
| Price Per SF | $35.63 | No. Stories | 1 |
| Sale Type | Investment NNN | Year Built | 1948 |
| Cap Rate | 7.41% | Parking Ratio | 0.43/1,000 SF |
| Property Type | Industrial | Clear Ceiling Height | 14’ |
| Property Subtype | Warehouse | No. Dock-High Doors/Loading | 10 |
| Building Class | C | No. Drive In / Grade-Level Doors | 2 |
| Lot Size | 5.38 AC | ||
| Zoning | I-2 - Heavy Industrial | ||
| Price | $5,900,000 |
| Price Per SF | $35.63 |
| Sale Type | Investment NNN |
| Cap Rate | 7.41% |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | C |
| Lot Size | 5.38 AC |
| Rentable Building Area | 165,569 SF |
| No. Stories | 1 |
| Year Built | 1948 |
| Parking Ratio | 0.43/1,000 SF |
| Clear Ceiling Height | 14’ |
| No. Dock-High Doors/Loading | 10 |
| No. Drive In / Grade-Level Doors | 2 |
| Zoning | I-2 - Heavy Industrial |
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Property Taxes
| Parcel Number | 008-0737 | Improvements Assessment | $1,962,100 |
| Land Assessment | $60,400 | Total Assessment | $2,022,500 |
Property Taxes
Parcel Number
008-0737
Land Assessment
$60,400
Improvements Assessment
$1,962,100
Total Assessment
$2,022,500
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Chapman Avenue Warehouse | 729 Chapman Ave
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