111 North StAdams, WI 53910

For Sale
$280,229

Prime Government Office, 100% Occupied

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional investment opportunity presents a single-tenant, 2,200 square foot Class C office building located at 111 E. North St, Adams, WI 53910. The property, built in 1995, sits on a 3.72-acre lot and boasts a 100% occupancy rate with a gross lease structure. Currently generating a Net Operating Income (NOI) of $21,387, this property offers a compelling 7.63% capitalization rate at an asking price of $280,229 ($127.38/sq ft). The building is a single-story structure and houses various state of Wisconsin agencies, along with a few non-state affiliated tenants. Leases are primarily five-year terms with options, and include escalator clauses. The portfolio average lease term to maturity, including options, is 26 months (excluding 10 leases currently in the renewal stage). This property is well-suited for 1031 exchange investors. Professional property management services are available upon request. The property's APN is 201-00048-0000.

Highlights

  • Excellent investment opportunity: 2,200 SF Class C office building in Adams, WI, generating $21,387 NOI and a 7.63% cap rate.
  • Gross leases with 5-year terms and options; escalator clauses included.
  • Professional property management available.
  • Tenants include various Wisconsin state agencies and a few non-state entities.
  • Leases contain escalator clauses.
  • Suitable for 1031 exchange investors.

Property Details for 111 North St

Property type
Government properties, Other office properties
Square Feet
2,200 SF
Class
C
Year Built
1995
Stories
1
Lot Size (sq. ft)
162,043 SF

Location Insight

City
Adams
County
Adams
State
Wisconsin
Latitude
43.9665666
Longitude
-89.8155064
111 North St, Adams, Wisconsin

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111 North St
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