Investors - Here's Your Golden Egg! 'The Wise Building' is currently 100% occupied, offering excellent stability of secured multi-year leases and is presented at a Cap Rate of 10.72%. With just under an acre of land and two accessways to Prien Lake Road, the property is conveniently perched just off of a major U.S. Interstate that sees around 14,883 cars per day. A total of 5 suites include a nice mix of nationally recognized tenants, an engineering firm, and property management services. No expense was spared with the complete remodel of this property. The 12,400 square foot building is furnished with a new fiberglass cooling tower, mechanical building, and equipment. Outlets and switches are new with the recent transfer to LED lighting throughout. There is a 20 year warranty on roof, replaced in 2022 with open cell foam insulation below and foam above the roof decking, as an added bonus. The building boasts approximately 8,900 NRA. Two concrete lots service the property with a total of 50 parking spaces and covered parking for four. Within the 5 suites lie a total of 15 offices with the potential for more, 4 oversized reception areas, 3 restrooms, full kitchen & kitchenette, large and small conference areas/boardrooms, ample storage space, and huge, open work spaces throughout. Property is zoned for Commercial use. Floorplan and financials available upon request. Do not disturb tenants. Contact Listing Agent for inquiries and scheduling of tours. $10,000.00 Bonus to Selling Broker with an accepted offer before May 31, 2023.
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|5/26/2023 2:00:00 AM||New Value: $1,345,000|
|3/31/2023 6:38:52 PM||New Value: Pending|