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Investment Highlights

  • State of Wisconsin leased office buildings to be sold individually or as a package
  • Leases have escalator clauses
  • Portfolio average term to maturity is 26 months
  • Leases vary in maturity dates, written for 5 year terms with options
  • Excellent Real Estate Investment Opportunity
  • Gross Leases

Executive Summary

State of Wisconsin leased office buildings to be sold individually or as a package.
Excellent real estate investment opportunity.
Various State of Wisconsin Agencies as tenants with a few non-state affiliated tenants. Leases vary in maturity dates, written for 5-year term with options.
Gross Leases. Does not include 10 leases currently at renewal stage. Portfolio average term to maturity including options is 26 months. Maturity including options based on historical data. Leases have escalator clauses.
Cap rate approx 8.9%-10.75%. Occupancy available within 60 days.
Accommodates 1031 exchange investors.
Properties will be sold separately however multiple property acquisitions is the preference according to groupings as outlined on profile sheet.
Please see profile sheet for more details.

Property Facts

Price $12,075,757
Price / SF $120.28 / SF
Cap Rate 12.54%
Sale Type Investment
Status Active
Number of Properties 9
Individually For Sale 9
Total Building Size 100,400 SF
Total Land Area 38.81 AC

Properties

Property Name / Address Property Type Size Year Built Individual Price
941 Mallard Ln, Balsam Lake, WI 54810 Office 8,000 SF 1994 $1,841,079
101 N Ogden Rd, Peshtigo, WI 54157 Office 27,000 SF 1997 $1,726,422
31 Means Dr, Platteville, WI 53818 Office 2,000 SF 1996 $260,820
260 E Ridge Dr, Portage, WI 53901 Office 6,000 SF 1995 $799,775
2187 N Stevens St, Rhinelander, WI 54501 Office 18,500 SF 2006 $2,428,558
Wisconsin Services Centre
1340 E Green Bay St, Shawano, WI 54166
Office 7,700 SF 1994 $1,108,000
3422 Wilgus Ave, Sheboygan, WI 53081 Office 8,200 SF 1996 $1,126,528
820 Industrial Dr, Sparta, WI 54656 Office 10,000 SF 1994 $1,212,966
7100 Stewart Ave, Wausau, WI 54401 Office 13,000 SF 1991 $1,571,609
Show More > < Show Less
  • Listing ID: 13726732

  • Date on Market: 9/7/2018

  • Last Updated:

  • Address: 9 Fully Occupied Office Buildings, Sheboygan, WI

Contact the Sale Advisor

9 Fully Occupied Office Buildings

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