4003 Dixie AveWausau, WI 54401

For Sale
$1,499,000

High-yield multi-tenant warehouse, 30,000+ SF

Overview

Added:
Dec 11, 2024
Days on market:
92
This exceptional investment opportunity presents a 30,113-square-foot multi-tenant industrial property located at 4003 Dixie Ave, Wausau, Wisconsin, 54401. The property, situated on a 3.1-acre lot (APN 146-2907-094-0986), is zoned for commercial use and offers a blend of distribution, flex, and warehouse space. Built in 1970, the building has undergone significant renovations in 1990 and 2000. Currently operating under a NNN lease structure, the property boasts a 7.08% cap rate with potential for increased yield. The property's strong cash flow is further enhanced by the potential to add another tenant, which projections indicate would raise the cap rate to 10%. The property's location in a growing area of Marathon County presents a compelling investment opportunity for those seeking a stable, high-return asset in the Wisconsin market. The asking price is $1,499,000. This property is ideal for investors seeking a diversified portfolio with strong potential for future growth. The property's size and flexible space make it suitable for a variety of tenants, ensuring long-term stability and income generation.

Highlights

  • $1,499,000 asking price.
  • 30,113 square foot industrial building.
  • Multi-tenant NNN lease.
  • 7.08% cap rate (potential for 10% with additional tenant).
  • Located at 4003 Dixie Ave, Wausau, WI 54401.
  • 3.1-acre lot.

Property Details for 4003 Dixie Ave

Property type
Other warehouses, Other industrial properties
Square Feet
30,113 SF
Year Built
1970
Lot Size (sq. ft)
135,036 SF

Location Insight

City
Wausau
County
Marathon
State
Wisconsin
Latitude
45.008607030981
Longitude
-89.673563178894
4003 Dixie Ave, Wausau, Wisconsin

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4003 Dixie Ave
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