Current Use by Public Records
- Commercial real estate
Property Details for 4645 Hwy
- Year built
- 2022
- Lot size
- 18.00 lot acres
- Property type
- Commercial real estate
Description
This exceptional 18-acre commercial property, completed in 2024, presents a lucrative investment opportunity in Oregon, WI. Strategically located at the intersection of Highway 138 and Highway 14, this development comprises two modern, high-quality buildings totaling 42,000 square feet. One building, a 21,000 square-foot facility, is designed for retail and manufacturing operations, incorporating a cutting-edge clean room and advanced technology. The second building, also 21,000 square feet, is specifically equipped for food manufacturing. Both buildings are currently under triple-net (NNN) leases with a favorable 3% annual escalation clause, ensuring consistent rental income growth. Adding to the property's income stream are 36,800 square feet of mini and RV storage units, currently operating at 80% occupancy. The property also includes 46 outdoor parking spaces. With 3-4 acres of undeveloped land, there's significant potential for future expansion and development. The property currently boasts an 8.25% capitalization rate, offering a strong return on investment with further upside potential as the storage units reach full occupancy. This is a rare opportunity to acquire a high-performing, multi-faceted commercial property in a prime location. The asking price is $10,475,000.
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
- Oregon
- County
- DANE
- State
- Wisconsin
- Longitude
- -89.3882
- Latitude
- 42.9305
