1600 Casaloma Dr Appleton, WI 54913

This exceptional Class A office building, located at 1600 N Casaloma Dr in Appleton, Wisconsin, presents a compelling investment opportunity. Boasting 24,510 square feet of space, this multi-tenant property features a strong 85% occupancy rate and a current net operating income (NOI) of $336,000, yielding a 7.50% capitalization rate. The pro-forma NOI is projected at $336,000, resulting in a 7.47% pro-forma cap rate. Built in 2008 and renovated in 2015, the building sits on a 3.11-acre lot with ample parking (91 spaces) and is zoned for commercial use. The property is currently leased under long-term triple-net (NNN) leases, minimizing landlord responsibilities. While 3,500 square feet are currently vacant, the existing tenant base provides a stable income stream. The asking price is $4,500,000, with a price per square foot of $183.60. This prime commercial space in a desirable Appleton location offers significant potential for growth and return on investment. The property's strong financials, coupled with its desirable location and modern amenities, make it an attractive proposition for discerning investors. The building's 2015 renovation ensures modern functionality and appeal to tenants. This is a rare opportunity to acquire a high-quality, income-producing asset in a thriving Wisconsin market.