111 North StAdams, WI 53910
- Specialty properties
- 2,200 SF
Property Details for 111 North St
- Year built
- 1995
- Lot size
- 3.72 AC
- Property size (Sq ft)
- 2,200 SF
- Property type
- Specialty properties
- Property subtype
- Government properties
Description
This exceptional investment opportunity presents a single-tenant, 2,200 square foot Class C office building located at 111 E. North St, Adams, WI 53910. The property, built in 1995, sits on a 3.72-acre lot and boasts a 100% occupancy rate with a gross lease structure. Currently generating a Net Operating Income (NOI) of $21,387, this property offers a compelling 7.63% capitalization rate at an asking price of $280,229 ($127.38/sq ft). The building is a single-story structure and houses various state of Wisconsin agencies, along with a few non-state affiliated tenants. Leases are primarily five-year terms with options, and include escalator clauses. The portfolio average lease term to maturity, including options, is 26 months (excluding 10 leases currently in the renewal stage). This property is well-suited for 1031 exchange investors. Professional property management services are available upon request. The property's APN is 201-00048-0000.
Location Insight
- City
- Adams
- County
- Adams
- State
- Wisconsin
- Latitude
- 43.9666
- Longitude
- -89.8155
Comparable in this City
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