2221 Calumet Dr - Warehouse FOR SALE


New Holstein, WI 53061
$5,300,000 USD
952-221-8067
2221 Calumet Dr, New Holstein, WI for Sale
$5,300,000 USD
Warehouse - FOR SALE
1/16
null | 7.51% Cap Rate

2221 Calumet Dr
New Holstein, WI 53061


HIGHLIGHTS

  • 13 Years of remaining lease term
  • Tenant proactively engaged landlord requesting a 15-year lease in 2023
  • Tenant has occupied the property for over 15 years
  • Below market rents, providing an attractive basis
  • Located 1.5 miles from the tenant’s manufacturing plant

OVERVIEW

Single-Tenant Net Leased Industrial Offering Colliers is pleased to present the opportunity to acquire this single-tenant net leased industrial investment located in New Holstein, Wisconsin. Strategically located in close proximity to the tenant’s manufacturing plant, this distribution center is mission critical to the tenant’s long-term strategy. Proving vital to the tenant’s regional operations, the tenant engaged the landlord and requested a 15-year lease to secure the asset for their continued growth and operations. Highlights: • 13 Years of remaining lease term • Tenant proactively engaged landlord requesting a 15-year lease in 2023 • Tenant has occupied the property for over 15 years • Below market rents, providing an attractive basis • Located 1.5 miles from the tenant’s manufacturing plant

FOR SALE DETAILS

PRICE

$5,300,000 USD

PRICE/SF

$43 USD /SF

CAP RATE

7.51%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1990

UTILITIES

-

CLEAR CEILING HT

20 Ft

DOCKS

10

DRIVE INS

5

PARKING SPACES

-

LAND DETAILS

LAND ACRES

5.41

LAND SF

235,660

ZONING

Commercial

APN/PARCEL ID

18380,18384

ASK ABOUT THIS PROPERTY

Andrew LubinskiCBRE, Inc.More Info
952-221-8067

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

Andrew LubinskiCBRE, Inc.More Info
952-221-8067

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