For Sale
$1,663,000

2213 8Th StWisconsin Rapids, WI 54494

Stable Government Lease, High ROI

Overview

Added:
Dec 11, 2024
Days on market:
123
This exceptional investment opportunity presents a 6,966 square foot executive office building in Wisconsin Rapids, WI. The property, built in 2003, boasts a 100% occupancy rate with a single tenant: the Social Security Administration (SSA). A new 10-year lease, including a 5-year firm term commencing March 3, 2024, ensures long-term stability and predictable cash flow. The asking price is $1,663,000, representing a compelling $238.73 per square foot and an 8.00% cap rate based on a net operating income (NOI) of $133,046. The building, constructed of concrete block, is meticulously maintained and features a recently refreshed parking lot and upgraded LED exterior lighting. Situated on a 0.933-acre lot at 2213 8th St S, 54494, this strategically located facility serves a large population across four Wisconsin counties, with the nearest SSA office over 30 miles away. The property benefits from separate metered utilities and deeded parking access. This investment offers the security of a U.S. Government tenant (AA+ S&P credit rating) and the potential for significant long-term returns. Wisconsin Rapids, the county seat of Wood County (population 74,200), provides a blend of Midwestern charm and modern amenities.

Highlights

  • Backed by a U.S. Government tenant with an AA+ S&P credit rating.
  • High-quality, well-maintained concrete block building.
  • Built-to-suit in 2003.
  • New 10-year lease with a 5-year firm term.
  • Recently refreshed parking lot and exterior LED lighting (2023).
  • Long-term tenant with a history of lease renewals.

Property Details for 2213 8Th St

Property type
Office properties
Square Feet
6,966 SF
Year Built
2003
Buildings
1
Stories
1
Lot Size (sq. ft)
40,641 SF

Location Insight

City
Wisconsin Rapids
County
Wood
State
Wisconsin
Latitude
44.3741598
Longitude
-89.8156799
2213 8Th St, Wisconsin Rapids, Wisconsin

FAQs

What type of property is this?
Office property - Stable Government Lease, High ROI
Where is the office property located?
The property is located at 2213 8Th St Wisconsin Rapids, WI.
What is the asking price?
The asking price for this property is $1,663,000.
What are key features of this property?
This property features: Backed by a U.S. Government tenant with an AA+ S&P credit rating.; High-quality, well-maintained concrete block building.; Built-to-suit in 2003.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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2213 8Th St
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