1621 Indianhead Dr E - Menomonie | $2,200,000
Property Type: Industrial
Subtype: Manufacturing, R&D
Investment Type: Stabilized
Investment Sub Type: NNN
Class: A
Lease Type: Absolute NNN
Tenancy: Single
Lease Expiration: 05/01/2037
Remaining Term: 13.1 years
Square Footage: 24,000
Price/Sq Ft: $91.67
Cap Rate: 6.55%
Occupancy: 100%
NOI: $144,000
Units: 1
Year Renovated: 2020
Buildings: 1
Zoning: Industrial
Lot Size (acres): 3.02
Rent Bumps: See Lease
Broker Co-Op: Yes
Price/Unit: $2,200,000
Options: 5 Year Lease Options
Ownership: PSG Properties LLC
Loading Docks: 1
Sale Condition: 1031 exchange
Description: Trillium Commercial Realty proudly presents a rare investment opportunity: a long-term, single-tenant industrial building spanning 24,000 square feet. With a stabilized income stream and easy-to-manage operations, this property offers a stable cash flow for investors. The property features a Class A industrial space, ideal for manufacturing and R&D purposes, with a lease extending until 2037. Enjoy the security of a fully occupied space generating a net operating income of $144,000, presenting a solid 6.55% cap rate. With large rent bumps scheduled in the coming years, this investment promises growth potential. Don't miss out on this lucrative opportunity. Contact Jake Tanner today for more information: 715.456.5923.
Purchase Price: $2,200,000
