14 Tri-Park Way | Appleton, WI 54914
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14 Tri-Park Way
Appleton, WI 54914
10,800 SF Investment Opportunity · Office Property For Sale
INVESTMENT HIGHLIGHTS
- Building has area for drive-in parking/storage
- New 3-year lease extension with the VA
- Professionally managed, with excellent location and easy access to Interstate 41
EXECUTIVE SUMMARY
• New 3-year lease extension with the VA
• Located within a professional business park which is directly across from the Fox Valley Technical College
• Professionally managed, with excellent location and easy access to Interstate 41.
• Building has area for drive-in parking/storage.
• This location is just northeast of the interchange of Interstate 41 and Wisconsin Avenue and located next to a large regional Veterans Clinic.
The VA has been a tenant since 2008 and just completed a renovation. VA occupies 7,448 SF with another 3,355 SF available for lease. 8.1% Cap Rate based upon VA lease income alone. Excellent upside in investor return when vacant space is additionally leased.
• Located within a professional business park which is directly across from the Fox Valley Technical College
• Professionally managed, with excellent location and easy access to Interstate 41.
• Building has area for drive-in parking/storage.
• This location is just northeast of the interchange of Interstate 41 and Wisconsin Avenue and located next to a large regional Veterans Clinic.
The VA has been a tenant since 2008 and just completed a renovation. VA occupies 7,448 SF with another 3,355 SF available for lease. 8.1% Cap Rate based upon VA lease income alone. Excellent upside in investor return when vacant space is additionally leased.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Office
Building Size
10,800 SF
Building Class
B
Year Built
1995
Price
$2,082,040 CAD
Price Per SF
$192.78 CAD
Cap Rate
8.10%
NOI
$168,645 CAD
Percent Leased
69%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
10,800 SF
Building FAR
0.12
Lot Size
2.01 AC
Zoning
Commercial
Parking
128 Spaces (11.85 Spaces per 1,000 SF Leased)
PROPERTY TAXES
| Parcel Number | 10-3-0500-00 | Improvements Assessment | $875,995 CAD |
| Land Assessment | $210,952 CAD | Total Assessment | $1,086,947 CAD |
PROPERTY TAXES
Parcel Number
10-3-0500-00
Land Assessment
$210,952 CAD
Improvements Assessment
$875,995 CAD
Total Assessment
$1,086,947 CAD
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