For Sale
$1,416,977

820 Industrial DrSparta, WI 54656

Prime Sparta office building, 100% occupied, strong NOI.

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional investment opportunity presents a 10,000-square-foot Class C office building located at 820 Industrial Drive in Sparta, Wisconsin. The property, built in 1994, sits on a 3.43-acre lot and boasts 40 parking spaces, ensuring ample convenience for tenants and visitors. Currently operating under a gross lease with a multi-tenant occupancy of 100%, the building offers a stable income stream with a remaining lease term of four years. The asking price is $1,416,977, translating to a price per square foot of $141.70 and a compelling 6.97% capitalization rate. The property's Net Operating Income (NOI) stands at $123,277, demonstrating its strong financial performance. The property is zoned B - Business, allowing for a variety of commercial uses. The Assessor's Parcel Number (APN) is 281-02609-1500. This well-maintained office building presents a rare opportunity to acquire a stable, high-performing asset in a desirable location within Monroe County, Wisconsin, with a zip code of 54656. The property's location offers easy access to major transportation routes and local amenities. This is an ideal investment for those seeking a consistent return on investment with significant upside potential.

Highlights

  • 10,000 SF Class C office building on a 3.43-acre lot in Sparta, WI.
  • 40 parking spaces and 100% occupancy under a gross lease with four years remaining.
  • Asking price: $1,416,977 ($141.70/SF), 6.97% cap rate, $123,277 NOI.
  • B-Business zoning, APN 281-02609-1500, located in Monroe County, WI (54656).

Property Details for 820 Industrial Dr

Property type
Office properties, Office buildings
Square Feet
10,000 SF
Class
C
Year Built
1994
Lot Size (sq. ft)
149,411 SF

Location Insight

City
Sparta
County
Monroe
State
Wisconsin
Latitude
43.9351326
Longitude
-90.8287678
820 Industrial Dr, Sparta, Wisconsin

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820 Industrial Dr
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