Listed by NAI Pfefferle
$2,428,558
2187 North Stevens St
Details
APN 27601-9328-1201
Property Type Office
Sub Type Government Office
Square Footage 18,500
Cap Rate 10.27%
NOI $249,299
Occupancy 100%
Tenancy Multi
Lease Type Gross
Price per SqFt $131
Class C
Year Built 2006
Stories 1
Acreage 3.080
Parking Spaces 109 spaces
Parking per 1,000 SqFt 5.89
Long history
Investment highlights
- Excellent real estate investment opportunity
- Leases vary in maturity dates, written for 5-year term with options - gross leases
- Property management available if desired
- Various state of Wisconsin agencies as tenants with a few non-state affiliated tenants
- Leases do have escalator clauses.
- Accommodates 1031 exchange investors
- Portfolio average term to maturity including options is 26 months. Does not include 10 leases currently at the renewal stage. Maturity including options based on historical data.
Listing Contacts
Listed by NAI Pfefferle
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$249,299.00
$20,774.92/mo
Valuation Metrics
0
DSCR
10.27%
Cap Rate
10.27%
ROI
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Property History
Tax History
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