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Property profile & analytics
OFF-MARKET Estimated value $5,115,000
Distribution centers

3003 Airport Rd La Crosse, WI 54603-1258

66,414 SF 6.12 ac lot Built 1987
Entity Owned 1-yr Hold Free & Clear
Property ID
US92-0530223
Property summary
AI-generated overview

This exceptional investment opportunity presents a single-tenant, 66,493 square foot industrial warehouse fully leased to Amazon.com, Inc. (S&P AA rated) under a Net Lease (NNN) agreement. Located at 3003 Airport Rd, La Crosse, WI 54603, this property boasts a prime location adjacent to the La Crosse Regional Airport. The building, constructed in 1988 and extensively renovated in 2021, features 13 dock-high doors and is currently 100% occupied. The lease includes annual rent bumps and features an original 66-month term with four 5-year renewal options. Amazon has invested approximately $12 million in this facility, which serves as a key delivery station employing roughly 120 people and handling both small parcel and heavy/bulk packages. The property offers a compelling 6.49% cap rate with a Net Operating Income (NOI) of $415,637 and an asking price of $6,400,000 ($96.25/sq ft). This represents a secure, high-yield investment with a credit-rated tenant in a strategically important location. The single-story building provides efficient operations for Amazon's last-mile delivery network. This is a rare opportunity to acquire a high-quality, net-leased industrial asset backed by a blue-chip tenant.

Property profile
Verified
Property type Distribution centers
Use group DISTRIBUTION WAREHOUSE
Year built 1987
Total area 66,414 SF
Lot 6.12 ac (266,674 SF)
APN 017-010530-040
UPID US92-0530223
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Amazon warehouse - WWI4 Warehouse & Storage
  • AMAZON Shipping WW14 Warehouse & Storage
  • Interior Systems International Interior Design Home Decor Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$3.52M
CAP Approach CAP
by Request
Comparable Approach Comparable
$3.80M
Blend (final) Blend
$5.12M
Owner & transaction history
Preissman Perris LLC · 1 yrs held
Preissman Perris LLC
since 2025
Last sale
$6.2M
7 recorded transactions
2025
Price N/A
2025
$6.2M
2024
Price N/A
2022
Price N/A
2020
$3.0M
2020
Price N/A
2018
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores $7.5M +74.5%
Office building $6.6M +54.9%
Auto repair, garage $5.9M +37.0%
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