Multi-Tenant Building with Social Security
2875 Village Road Portage Portage, WI 53901
2875 Village Road Portage, Portage, WI, 53901
$995,000
For Sale
$995,000
Multi-tenant building with long-term Social Security lease in place.
Property Size9,000 SF
Lot Size1.15 Acres
Price / SF$110.56
Days on Market633
Property Features for 2875 Village Road Portage
General Information
- Standard status
- Active
- Size
- 9,000 SF
- Lot size
- 1.15 Acres
- Property subtype
- Commercial/Industrial
Building Details
- Year Built
- 2003
Listing Agency
WIMMER REAL ESTATE LLC
(715) 302-0552
Listed by
TIMOTHY WIMMER · License #56224-90
(715) 302-0552
Source
Exitrealty
Added: Oct 23, 2024 Checked: Jul 17 at 3:37 am
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of WIMMER REAL ESTATE LLC
Investment Insights
Based on property information with market context.
Constructed in 2003, this multi-tenant building is available and features a newly signed Social Security lease. The tenant roster includes Social Security, Department of Workforce Development, Hearing Care Associates, and Wilkinson Law. The Social Security lease incorporates annual CPI rent increases, utilizing the standard GSA leasing structure where any increase in expenses will be covered by the Consumer Price Index increase for the following year. Social Security recently renewed their lease for a 10-year term, with the first 5 years being firm, demonstrating their commitment to the location. The Department of Workforce Development recently exercised their three-year renewal, extending their lease through December 31, 2025. The property benefits from a new roof top/AC unit and 3M solar film, designed to reduce future operating expenses. The property is located just off Interstate 39 near national and regional retailers including Wal-Mart, Kwik Trip, Festival Foods, Northridge Plaza, Goodwill, Tractor Supply, Pizza Ranch, and Culvers, as well as Madison Area Technical College – Portage and Aspirus Divine Savior Hospital. The property size is 9,000 square feet.
Key Highlights
- Newly signed 10‑year Social Security lease with annual CPI rent increases, offering stable, escalating income.
- Diverse tenant mix including Social Security, Department of Workforce Development, Hearing Care Associates, and Wilkinson Law.
- Department of Workforce Development recently renewed their lease through December 31, 2025.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Hearing Care Associates ...
Hearing Aid Store
Social Security Administration
Social Security Office
Forward Service Corporation
Charitable Organization
Similar For Sale Nearby
FAQs
What type of property is this?
Office building - Multi-tenant building with long-term Social Security lease in place.
Where is this office building located?
The property is located at 2875 Village Road Portage Portage, WI.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: Newly signed 10‑year Social Security lease with annual CPI rent increases, offering stable, escalating income.; Diverse tenant mix including Social Security, Department of Workforce Development, Hearing Care Associates, and Wilkinson Law.; Department of Workforce Development recently renewed their lease through December 31, 2025.
