400 Viking Drive

    Reedsburg, WI 53959
    • $2,400,000
    • STATUS: Active
    • ON SITE: 53 days
    • ID#: 1826079
    UPDATED: 27 min ago
    $2,400,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 19,650
      SQFT
    • $122
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    1990
    County:

    School Ratings & Info

    Listing courtesy of Wisconsin Commercial Real Estate, Llc

    Description

    Fully leased single tenant NNN investment property with zero Landlord responsibilities. The existing lease with Vierbicher goes until February 2023 and has a 3 % annual rent escalator. The site is 2.5 acres and the building (built in 1990) is 19,650 sq. ft. There is an ability to add on to the north end of the building for an additional value add. Positioned at the intersection of Viking Drive and Huntington Park Drive adjacent to other professional office and retail tenants. Rare opportunity to buy an investment property with a single tenant at a 10% cap rate.

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    © 2018 South Central Wisconsin MLS Corporation. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Nicole Charles & Associates, Inc. | eXp Realty. Data last updated: 2018-05-22T20:42:00.19.
    www.nicolecharles.com/homes/82108939

    400 Viking Drive Reedsburg, WI 53959

    • Price: $2,400,000
    • Status: Active
    • Updated: 27 min ago
    • ID#: 1826079
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    19,650
    SQFT
    $122
    $/SQFT
    1990
    Built
    Neighborhood:
    Reedsburg - C
    County:
    Sauk
    Area:
    Reedsburg - C
    Property Description
    Fully leased single tenant NNN investment property with zero Landlord responsibilities. The existing lease with Vierbicher goes until February 2023 and has a 3 % annual rent escalator. The site is 2.5 acres and the building (built in 1990) is 19,650 sq. ft. There is an ability to add on to the north end of the building for an additional value add. Positioned at the intersection of Viking Drive and Huntington Park Drive adjacent to other professional office and retail tenants. Rare opportunity to buy an investment property with a single tenant at a 10% cap rate.
    Exterior Features

    Building Framing Wood Frame Building Parking 56 Or More SpacesPaved Exterior MasonryWood Location Business District Roof CompositionPartially FlatRubber/Membrane Type Office

    Interior Features

    Ceiling Height Max 9 Ceiling Height Min 9 Commercial Features Shared RestroomsSignage Available Heating Cooling Forced Air Unit1 Gross Sq Ft 19650

    Property Features

    Business Sale No City Town Or Village City County Quarter Sauk Nw Documents On File Lease(S) Exchange Will Consider Fuel Natural GasElectric Lease Only No Lease Type Triple NetEscalatorsMultiple Years Mailing City Reedsburg Net Taxes 39054 Occupancy Tenant(S) Present Use Office Real Estate Sale Yes Sale Includes Lease(S) Source Sq Ft Seller Tax Year 2016 Tenant Pays TaxesHeatAir ConditioningElectricWaterSewerInsuranceJanitorialTrash ServicesSnow RemovalParkingAll Expenses Unit1 Annual Rent Per Sq Ft 0 Water Waste Municipal Water Year Built Source Seller Zoning Com



    © 2018 South Central Wisconsin MLS Corporation. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Nicole Charles & Associates, Inc. | eXp Realty. Data last updated: 2018-05-22T20:42:00.19.
     
    Nicole Charles & Associates, Inc. | eXp Realty
    2809 Fish Hatchery Road Suite 204-A
    Fitchburg WI, 53713
    Listing courtesy of Wisconsin Commercial Real Estate, Llc