3422 Wilgus Ave | Sheboygan, WI 53081
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3422 Wilgus Ave
Sheboygan, WI 53081
10 Fully Occupied Office Buildings · Office Property For Sale · 102,600 SF Total
Investment Highlights
- State of Wisconsin leased office buildings to be sold individually or as a package
- Leases have escalator clauses
- Portfolio average term to maturity is 26 months
- Leases vary in maturity dates, written for 5 year terms with options
- Excellent Real Estate Investment Opportunity
- Gross Leases
Executive Summary
State of Wisconsin leased office buildings to be sold individually or as a package.
Excellent real estate investment opportunity.
Various State of Wisconsin Agencies as tenants with a few non-state affiliated tenants. Leases vary in maturity dates, written for 5-year term with options.
Gross Leases. Does not include 10 leases currently at renewal stage. Portfolio average term to maturity including options is 26 months. Maturity including options based on historical data. Leases have escalator clauses.
Cap rate approx 8.4% Occupancy available within 60 days.
Accommodates 1031 exchange investors.
Properties will be sold separately however multiple property acquisitions is the preference according to groupings as outlined on profile sheet.
Please see profile sheet for more details.
Excellent real estate investment opportunity.
Various State of Wisconsin Agencies as tenants with a few non-state affiliated tenants. Leases vary in maturity dates, written for 5-year term with options.
Gross Leases. Does not include 10 leases currently at renewal stage. Portfolio average term to maturity including options is 26 months. Maturity including options based on historical data. Leases have escalator clauses.
Cap rate approx 8.4% Occupancy available within 60 days.
Accommodates 1031 exchange investors.
Properties will be sold separately however multiple property acquisitions is the preference according to groupings as outlined on profile sheet.
Please see profile sheet for more details.
PROPERTY FACTS
| Price / SF | $187.16 CAD / SF | Number of Properties | 10 |
| Cap Rate | 11.33% | Individually For Sale | 10 |
| Sale Type | Investment | Total Building Size | 102,600 SF |
| Status | Active | Total Land Area | 42.53 AC |
| Price / SF | $187.16 CAD / SF |
| Cap Rate | 11.33% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 10 |
| Individually For Sale | 10 |
| Total Building Size | 102,600 SF |
| Total Land Area | 42.53 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 3422 Wilgus Ave, Sheboygan, WI 53081 | Office | 8,200 SF | 1996 | $1,580,647 CAD |
| 101 N Ogden Rd, Peshtigo, WI 54157 | Office | 27,000 SF | 1997 | $2,600,760 CAD |
| 31 Means Dr, Platteville, WI 53818 | Office | 2,000 SF | 1996 | $380,330 CAD |
| 941 Mallard Ln, Balsam Lake, WI 54810 | Office | 8,000 SF | 1994 | $2,051,852 CAD |
| 111 E North St, Adams, WI 53910 | Office | 2,200 SF | 1995 | $402,535 CAD |
|
Wisconsin Services Centre
1340 E Green Bay St, Shawano, WI 54166 |
Office | 7,700 SF | 1994 | $1,860,480 CAD |
| 820 Industrial Dr, Sparta, WI 54656 | Office | 10,000 SF | 1994 | $2,244,705 CAD |
| 260 E Ridge Dr, Portage, WI 53901 | Office | 6,000 SF | 1995 | $1,328,630 CAD |
| 2187 N Stevens St, Rhinelander, WI 54501 | Office | 18,500 SF | 2006 | $4,022,077 CAD |
| 7100 Stewart Ave, Wausau, WI 54401 | Office | 13,000 SF | 1991 | $2,730,107 CAD |
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