111 North StAdams, WI 53910

For Sale
$13,367,763

Ten Class A buildings, high occupancy.

Overview

Added:
Dec 11, 2024
Days on market:
92
This exceptional investment opportunity comprises ten Class A executive office buildings strategically located throughout Wisconsin. The portfolio boasts a total of 2,000 to 27,000 square feet across various locations, including Adams, Balsam Lake, Peshtigo, Platteville, Portage, Rhinelander, Shawano, Sheboygan, Wausau, and Sparta. Built between 1994 and 2007, these properties currently enjoy a 90% occupancy rate, with leases averaging a 5-year term and incorporating escalator clauses. The asking price is $13,367,763, representing a compelling 8.10% cap rate and a price per square foot of $148.99. Tenants include various Wisconsin state agencies and a few non-state entities. While properties can be purchased individually, multiple property acquisitions are preferred. The portfolio's average lease term to maturity, including options, is 26 months, excluding ten leases currently in the renewal process. This presents a strong, diversified investment opportunity with significant potential for long-term growth and return. The portfolio's diverse geographic spread minimizes risk and offers a compelling opportunity for 1031 exchange investors. Detailed lease information and property-specific data are available upon request.

Highlights

  • Ten Class A executive office buildings in Wisconsin, totaling 2,000-27,000 square feet each.
  • 90% occupancy rate with 5-year leases including escalator clauses.
  • Asking price: $13,367,763, offering an 8.10% cap rate and $148.99/SF.
  • Tenants include Wisconsin state agencies and other entities; individual or portfolio purchase available.
  • Average lease term to maturity (excluding renewals) is 26 months; ideal for 1031 exchange.

Property Details for 111 North St

Property type
Other office properties, Office properties
Square Feet
2,000 SF
Class
A
Year Built
1994
Lot Size (sq. ft)
2,923,312 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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