For Sale
$1,295,193

1340 Green Bay St Shawano, WI 54166

Prime 7,700 SF Office Building, 100% Occupied

Overview

Added:
Dec 11, 2024
Days on market:
137
Exceptional investment opportunity: a 7,700 square foot, single-story Class C office building located at 1340 E. Green Bay St, Shawano, WI 54166. This property boasts a 100% occupancy rate with a diverse tenancy including multiple State of Wisconsin agencies and other tenants. The building, constructed in 1994, sits on a 10-acre lot and includes 41 parking spaces. The current asking price is $1,295,193, representing a price per square foot of $168.21 and a 7.66% cap rate. The Net Operating Income (NOI) is $99,270. Leases are primarily gross leases with a multi-tenant structure, featuring 5-year terms with options and escalator clauses. The portfolio average term to maturity, including options, is 26 months (excluding 10 leases currently in the renewal process). This property is well-suited for 1031 exchange investors. The property's APN is 281-32-1-20-0000. While individual property sales are possible, the seller prefers multiple property acquisitions.

Highlights

  • Excellent Investment Opportunity.
  • Five-year leases with options and escalator clauses.
  • Tenant mix includes Wisconsin state agencies and private entities.
  • 1031 exchange eligible.
  • Average lease term (including options) is 26 months, excluding 10 pending renewals.
  • Individual or portfolio sale available; portfolio purchase preferred.

Property Details for 1340 Green Bay St

Property type
Office properties, Government properties
Square Feet
7,700 SF
Class
C
Year Built
1994
Stories
1
Lot Size (sq. ft)
435,600 SF

Location Insight

City
Shawano
County
Shawano
State
Wisconsin
Latitude
44.7800178
Longitude
-88.5739704

FAQs

What type of property is this?
Office property - Prime 7,700 SF Office Building, 100% Occupied
Where is the office property located?
The property is located at 1340 Green Bay St Shawano, WI.
What is the asking price?
The asking price for this property is $1,295,193.
What are key features of this property?
This property features: Excellent Investment Opportunity.; Five-year leases with options and escalator clauses.; Tenant mix includes Wisconsin state agencies and private entities.
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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1340 Green Bay St
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