122 206Appleton, WI 54911

Property Details for 122 206

Year built

1970

Property size (Sq ft)

31,878 SF

Property type

Office properties

Description

This exceptional Class A office condominium, located in the heart of downtown Appleton, Wisconsin, presents a compelling investment opportunity. Boasting 31,878 square feet across four units (Units 202, 204, 205, and 206 at 122 E College Ave, 54911), this property offers a strong 8.00% cap rate and a substantial net operating income (NOI) of $286,478. The asking price is $3,600,000, translating to $112.93 per square foot. Built in 1970 and extensively renovated in 2022, the building features high-quality interior finishes, private offices, open workspaces, one passenger elevator, one freight elevator, and two enclosed truck doors. Ample parking is available with 1,200 spaces. The current lease term runs from January 1, 2023, to December 31, 2028, with options to renew for periods of two to five years. The tenant invested significantly in tenant improvements during the 2022 renovation. This property benefits from its prime location in a thriving downtown area, close to the Fox Cities Exhibition Center and Fox Cities Performing Arts Center, and a robust residential sector with over 450 new units added in the last three years. The property is zoned for commercial use. This is a rare opportunity to acquire a high-quality, income-producing asset in a dynamic and growing market.

Location Insight

City

Appleton

County

Outagamie

State

Wisconsin

Latitude

44.2618

Longitude

-88.4044

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