355 Byrd Ave Neenah, WI 54956
369,545 SF distribution facility in Neenah, WI for sale.
Type:Industrial
Property size:
369,545 SFLot size:
15.60 Acres- Added:
- Sep 12, 2024
- Days on Market:
- 595
- Last Refresh:
- Mar 17 at 1:26 pm
Property Features for 355 Byrd Ave
General Information
- Standard status
- Active
- Size
- 369,545 SF
- Lot size
- 15.60 Acres
- Property subtype
- Industrial
Building Details
- Year Built
- 1979
Listing agent Andy Lubinski License #MN
Listing office Colliers - Minneapolis - St. Paul, Minnesota
Listing date Sep 12, 2024
Source Crexi
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 Colliers - Minneapolis - St. Paul, Minnesota
Overview
Neenah Distribution Facility Investment Opportunity
This 369,545 square foot distribution facility is located at 355 Byrd Ave, Neenah, WI, and is available for investment sale. Situated on 15.6 acres, this industrial asset is 91.5% leased to Trilliant Food & Beverage, which recently amended its lease and executed a three-year extension through May 31, 2030. Trilliant occupies the entire building except the office portion, creating an opportunity to lease the office, recover OPEX, and increase cash flow. The facility presents an opportunity to acquire a net-lease investment with durable cash flow and embedded upside through below-market rents and future mark-to-market. The marketing is based on a June 2026 base-rent NOI of $1,238,480, adjusted for any lost NOI attributable to the office OPEX vacancy. Trilliant also operates nearby locations, underscoring this asset’s mission-critical role and strong occupancy continuity. Neenah is located 39 miles from Green Bay, 100 miles from Milwaukee, and 188 miles from Chicago. The market benefits from proximity to major population centers and labor pools and reflects a current vacancy of approximately 4% with average asking rents of $5.97/SF NNN.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Thill Logistics, Inc.
Trucking Company
Trilliant Food
Warehouse & Storage
VPI- Valley Packaging ...
Business To Business Service
Location Insight
- Map
- Local Demand
- City
- Neenah
- County
- Winnebago
- State
- Wisconsin
- Longitude
- -88.4744864
- Latitude
- 44.1639069
Nearby Similar for Sale
FAQs
What type of property is this?
Distribution center - 369,545 SF distribution facility in Neenah, WI for sale.
Where is this distribution center located?
The property is located at 355 Byrd Ave Neenah, WI.
What are key features of this property?
This property features: High‑quality, 369,545 SF distribution facility in a strategic Upper Midwest location.; Net‑lease investment with durable cash flow and future upside potential through below‑market rents.; 91.5% leased to Trilliant Food & Beverage, a major tenant with a lease extended through May 31, 2030.
