14 Tri-Park WayAppleton, WI 54914

For Sale
$1,450,000

High-Cap Rate Office Complex, Appleton, WI

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional Class A office building, located at 14 Tri-Park Way in Appleton, Wisconsin, presents a compelling investment opportunity. Boasting 10,800 square feet on a 2.01-acre lot, the single-story building features 128 parking spaces and is situated in a prime location within a professional business park directly across from Fox Valley Technical College and near the interchange of Interstate 41 and Wisconsin Avenue. Currently 69% occupied, the property includes a significant tenant—the VA—which has occupied 7,448 square feet since 2008 and recently completed renovations under a new 3-year lease extension. An additional 3,355 square feet is available for lease, offering substantial upside potential for increased NOI. The property's strong financials include an 8.10% cap rate based solely on the VA lease income, and a current NOI of $93,200. The building also offers drive-in parking/storage. Zoned CP (Commercial), this property is an excellent investment with strong potential for growth. The asking price is $1,450,000, with a price per square foot of $134.26. Lease options include three one-year options. The property's APN is 10-3-0500-00, 10-3-0499-00.

Highlights

  • $1,450,000 asking price for this Class A, 10,800 square foot office building.
  • 8.10% cap rate based on current income, with potential for increased return.
  • Located in Appleton, WI, at 14 Tri-Park Way, a professional business park near Fox Valley Technical College and Interstate 41.
  • 128 parking spaces, including drive-in parking/storage area.
  • Currently 69% occupied, with a 7,448 SF tenant (VA) under a new 3-year lease extension, and 3,355 SF available for lease.

Property Details for 14 Tri-Park Way

Property type
Other office properties, Office properties
Square Feet
10,800 SF
Class
A
Year Built
1995
Stories
1
Lot Size (sq. ft)
87,556 SF

Location Insight

City
Appleton
County
Outagamie
State
Wisconsin
Latitude
44.2829231
Longitude
-88.4520849
14 Tri-Park Way, Appleton, Wisconsin

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14 Tri-Park Way
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