2213 8th St S - Office FOR SALE


Wisconsin Rapids, WI 54494
$1,565,000 USD
847-778-4603
2213 8th St S, Wisconsin Rapids, WI for Sale
$1,565,000 USD
Office - FOR SALE
1/4
null | 8.5% Cap Rate

2213 8th St S
Wisconsin Rapids, WI 54494


HIGHLIGHTS

  • Long-Term U.S. Government Lease, Recently Signed
  • Credit Strength
  • High Renewal Probability & Long-Term Tenant
  • Commitment to the Property
  • Location Serves 4-County Area
  • Strong Residual Value

OVERVIEW

Northmarq is pleased to offer for sale to qualified investors the opportunity to purchase a fee simple interest in the Social Security Administration (“SSA”) property at 2213 8th Street S in Wisconsin Rapids, Wisconsin (the “Property”). The Property consists of a 100% leased, single-tenant, one-story, 6,966 net-rentable-square-foot quality office building. The building was constructed in 2003 as a build-to-suit for the SSA, and they just renewed one year ago for a ten-year term at the Property (commencing March 4, 2024). The Property is situated in the heart of downtown Wisconsin Rapids on a 0.933-acre parcel, with access to both 8th Street (POW/MIA Memorial Highway) and 10th Street. The tenant for the Property is the General Services Administration of the United States of America (the “GSA”). As a federal agency under the Executive Branch of the Government of the United States, the debts and obligations incurred by the GSA (including this Lease) are backed by the Government of the United States of America. The Government carries an investment-grade credit rating by all major rating agencies including an AA+ rating with a stable outlook from Standard & Poor’s Rating Services.

FOR SALE DETAILS

PRICE

$1,565,000 USD

PRICE/SF

$225 USD /SF

CAP RATE

8.5%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

2003

SPRINKLERS

-

PARKING SPACES

57

LAND DETAILS

LAND ACRES

0.93 AC

LAND SF

40,511 SF

ZONING

-

APN/PARCEL ID

34-12202

ASK ABOUT THIS PROPERTY

Mark HellwigNorthmarqMore Info
847-778-4603

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Mark HellwigNorthmarqMore Info
847-778-4603

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.