260 Rdg Rd Portage, WI 53901
- Office Properties & Spaces
- 6,000 SF
- 1.05 lot acres
Current Use by Public Records
- Office Properties & Spaces
Property Details for 260 Rdg Rd
- Year built
- 1995
- Lot size
- 1.05 lot acres
- Property size
- 6,000 SF
- Property type
- Office Properties & Spaces
- Property subtype
- Government properties
Description
This exceptional investment opportunity presents a 6,000-square-foot, single-story Class C office building located at 260 E Ridge Rd, Portage, WI 53901. Built in 1995 and renovated in 2000, the property sits on a 1.05-acre lot and boasts ample parking with 65 spaces. Currently 100% occupied with a diverse tenancy including various Wisconsin state agencies and some non-state affiliated tenants, the building generates a strong net operating income (NOI) of $93,137, representing a 10.07% capitalization rate. The asking price is $924,940, translating to $154.16 per square foot. Leases are gross, structured with 5-year terms and options, and include escalator clauses. The portfolio's average lease term to maturity (including options) is 26 months, excluding 10 leases currently in the renewal process. This property is well-suited for 1031 exchange investors and offers the option of professional property management. The property's Assessed Property Number (APN) is 11271-3143. This is a rare opportunity to acquire a stable, income-producing asset in a desirable location.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Portage
- County
- Columbia
- State
- Wisconsin
- Longitude
- -89.4641
- Latitude
- 43.5676
