101 Ogden Rd Peshtigo, WI 54157
- Commercial real estate
- 10.44 lot acres
Current Use by Public Records
- Peshtigo DMV / Department Of Motor Vehicles
- Peshtigo River Delta Marshes State Natural Area / Nature Preserve
- Wisconsin State Public Defender - Peshtigo Office / Public Defender'S Office
- Peshtigo Service Center / Government Office
Property Details for 101 Ogden Rd
- Lot size
- 10.44 lot acres
- Property type
- Commercial real estate
- APN
- 271-00617.010
- APU
- 27100617010
Description
This exceptional mixed-use office complex, located at 101 N. Ogden Rd, Peshtigo, WI 54157, presents a compelling investment opportunity. The 27,000 square foot, single-story building boasts a Class B rating and sits on a spacious 10.44-acre lot. Constructed in 1997 and renovated in 1999, the property features 90 parking spaces and currently enjoys a 90% occupancy rate. The building is comprised of creative, executive, and traditional office spaces, currently leased under a gross lease structure to a mix of Wisconsin state agencies and other tenants. Leases are multi-tenant, with varying maturity dates, averaging 26 months to maturity including options, and include escalator clauses. The property offers a strong net operating income (NOI) of $155,492, resulting in an attractive 8.59% cap rate. The asking price is $1,810,547, translating to $67.06 per square foot. The property is well-suited for 1031 exchange investors. Property management services are available upon request. Note that this does not include ten leases currently in the renewal stage. The provided maturity data is based on historical information.
Value Estimation
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Peshtigo
- County
- Marinette
- State
- Wisconsin
- Longitude
- -87.7341
- Latitude
- 45.0564
- CBSA code
- 31940
- CBSA name
- MARINETTE, WI-MI MICROPOLITAN STATISTICAL AREA
