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Hillsboro Eye Clinic 845 Water Ave 3,200 SF 100% Leased Office Building Hillsboro, WI 54634 $415,000 ($129.69/SF) 8.77% Cap Rate
INVESTMENT HIGHLIGHTS
- Long-term, high quality tenant (28+ years)
- Roof and all mechanicals have been replaced in the last 10 years
- Triple Net Lease
EXECUTIVE SUMMARY
Fully-leased, recently renovated medical office building in Hillsboro, Wisconsin. The current tenant is Hillsboro Eye Clinic, which is part of the Emplify Health system (a merger of Bellin and Gundersen) and has been at this location for 28 years. Emplify owns the recently built hospital in town and had the opportunity to relocate the eye clinic to the hospital, but opted to renovate this location at their own expense instead.
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Building Size
3,200 SF
Building Class
C
Year Built/Renovated
1994/2020
Price
$415,000
Price Per SF
$129.69
Cap Rate
8.77%
NOI
$36,402
Percent Leased
100%
Building Height
1 Story
Typical Floor Size
3,200 SF
Building FAR
0.37
Lot Size
0.20 AC
Opportunity Zone
Yes
Zoning
C-1 (Commercial)
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PROPERTY TAXES
| Parcel Number | 236-00025-0000 | Improvements Assessment | $162,000 |
| Land Assessment | $13,100 | Total Assessment | $175,100 |
PROPERTY TAXES
Parcel Number
236-00025-0000
Land Assessment
$13,100
Improvements Assessment
$162,000
Total Assessment
$175,100
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Hillsboro Eye Clinic | 845 Water Ave
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