Current Use by Public Records
- Corrections-Probation & Parole / Correctional Services Department
Property Details for 111 North St
- Year built
- 1995
- Lot size
- 3.72 lot acres
- Property type
- Office Spaces
- Property subtype
- Government properties
Description
This exceptional investment opportunity presents a single-tenant, 2,200 square foot Class C office building located at 111 E. North St, Adams, WI 53910. The property, built in 1995, sits on a 3.72-acre lot and boasts a 100% occupancy rate with a gross lease structure. Currently generating a Net Operating Income (NOI) of $21,387, this property offers a compelling 7.63% capitalization rate at an asking price of $280,229 ($127.38/sq ft). The building is a single-story structure and houses various state of Wisconsin agencies, along with a few non-state affiliated tenants. Leases are primarily five-year terms with options, and include escalator clauses. The portfolio average lease term to maturity, including options, is 26 months (excluding 10 leases currently in the renewal stage). This property is well-suited for 1031 exchange investors. Professional property management services are available upon request. The property's APN is 201-00048-0000.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Adams
- County
- Adams
- State
- Wisconsin
- Longitude
- -89.8155
- Latitude
- 43.9666
