For Sale
$2,800,012
2187 Stevens St Rhinelander, WI 54501
18,500 SF Government Office, 100% Occupied
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 127
Highlights
- $2,800,012 asking price for this 18,500 square foot office building.
- Located at 2187 N Stevens St, Rhinelander, WI 54501, this Class C, government office building offers a 7.75% cap rate.
- The property features 109 parking spaces on a 3.08-acre lot and is 100% occupied with a multi-tenant lease structure.
- Gross leases are in place, with varying maturity dates and 5-year terms including options; escalator clauses are included.
- The property generates a Net Operating Income (NOI) of $217,131, with a price per square foot of $151.35.
- Built in 2006, this single-story building is suitable for 1031 exchange investors and offers optional property management services.
Property Details for 2187 Stevens St
- Property type
- Office properties, Government properties
- Square Feet
- 18,500 SF
- Class
- C
- Year Built
- 2006
- Stories
- 1
- Lot Size (sq. ft)
- 134,165 SF
Location Insight
- City
- Rhinelander
- County
- Oneida
- State
- Wisconsin
- Latitude
- 45.6612758
- Longitude
- -89.3774043
2187 Stevens St, Rhinelander, Wisconsin
Nearby Similar for Sale
FAQs
- What type of property is this?
- Office property - 18,500 SF Government Office, 100% Occupied
- Where is the office property located?
- The property is located at 2187 Stevens St Rhinelander, WI.
- What is the asking price?
- The asking price for this property is $2,800,012.
- What are key features of this property?
- This property features: $2,800,012 asking price for this 18,500 square foot office building.; Located at 2187 N Stevens St, Rhinelander, WI 54501, this Class C, government office building offers a 7.75% cap rate.; The property features 109 parking spaces on a 3.08-acre lot and is 100% occupied with a multi-tenant lease structure.
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