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654 Armour Rd
Oconomowoc, WI 53066

Industrial Property For Sale

Executive Summary

Rare 16,236 SF Industrial Property near downtown Oconomowoc with easy access to WI-67 Bypass. Property is single tenant with 7.5 year remaining. Property has a new roof in 2022 and well maintained mechanicals. Building has the ability to be divisible to a multi-tenant facility and had 5 overhead doors. Tenant is responsible for 33% of property taxes in 2024, 66% in 2025 and 100% in 2026 through the remainder of the lease.

PROPERTY FACTS Under Contract

Sale Type Investment
Cap Rate 6.64%
Property Type Industrial
Property Subtype
Manufacturing
  • Industrial Distribution
  • Industrial Service
Building Class B
Lot Size 1.07 AC
Rentable Building Area 16,236 SF
No. Stories 1
Year Built 2007
Parking Ratio 0.92/1,000 SF
No. Drive In / Grade-Level Doors 5

Amenities

  • Floor Drains
  • Storage Space
  • Air Conditioning

Utilities

  • Lighting - Fluorescent
  • Gas
  • Heating - Gas

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
OCOC-0589-121-006
Land Assessment
$115,318 CAD
Improvements Assessment
$1,279,127 CAD
Total Assessment
$1,394,445 CAD

zoning

Zoning Code UI
UI
  • Listing ID: 33246608

  • Date on Market: 2024-09-20

  • Last Updated:

  • Address: 654 Armour Rd, Oconomowoc, WI 53066

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