111 North StAdams, WI 53910

Property Details for 111 North St

Year built

1994

Lot size

67.11 AC

Property size (Sq ft)

2,000 SF

Property type

Office properties

Description

This exceptional investment opportunity comprises ten Class A executive office buildings strategically located throughout Wisconsin. The portfolio boasts a total of 2,000 to 27,000 square feet across various locations, including Adams, Balsam Lake, Peshtigo, Platteville, Portage, Rhinelander, Shawano, Sheboygan, Wausau, and Sparta. Built between 1994 and 2007, these properties currently enjoy a 90% occupancy rate, with leases averaging a 5-year term and incorporating escalator clauses. The asking price is $13,367,763, representing a compelling 8.10% cap rate and a price per square foot of $148.99. Tenants include various Wisconsin state agencies and a few non-state entities. While properties can be purchased individually, multiple property acquisitions are preferred. The portfolio's average lease term to maturity, including options, is 26 months, excluding ten leases currently in the renewal process. This presents a strong, diversified investment opportunity with significant potential for long-term growth and return. The portfolio's diverse geographic spread minimizes risk and offers a compelling opportunity for 1031 exchange investors. Detailed lease information and property-specific data are available upon request.

Location Insight

City

Adams

County

Adams

State

Wisconsin

Latitude

43.9666

Longitude

-89.8155

FAQs

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