1940 Jefferson St - Distribution FOR SALE


Wisconsin Rapids, WI 54495
$6,470,000 USD
952-221-8067
1940 Jefferson St, Wisconsin Rapids, WI for Sale
$6,470,000 USD
Distribution - FOR SALE
1/14
null | 8.5% Cap Rate

1940 Jefferson St
Wisconsin Rapids, WI 54495


HIGHLIGHTS

  • New 3-year NNN lease providing immediate cash flow
  • Attractive annual rent of $550,000 with 2.5% annual escalations
  • Functional distribution facility with dock-high loading and ample truck court
  • Positioned within an established industrial corridor in Wood County
  • Short-term lease at below market rent provides both strong in-place yield and near-term upside

OVERVIEW

Colliers is pleased to present the opportunity to acquire a 150,390 SF single-tenant industrial facility in Wisconsin Rapids, WI. The property is 100% leased to WSI on a new 3-year NNN lease with 2.5% annual escalations, providing immediate cash flow and a strong going-in yield. The in-place lease rate of $3.65/SF is below market, creating a clear opportunity for rent growth at expiration. The short-term lease structure offers flexibility to renew or reposition, allowing investors to capture upside while benefiting from stable in-place income. The asset is a functional distribution facility with 14 dock doors, 19’–21’ clear heights, and ample trailer parking,located within an established industrial corridor serving Central Wisconsin.

FOR SALE DETAILS

PRICE

$6,470,000 USD

PRICE/SF

$43 USD /SF

CAP RATE

8.5%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Distribution

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1969

UTILITIES

-

CLEAR CEILING HT

21 Ft

DOCKS

14

DRIVE INS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

9.3

LAND SF

405,108

ZONING

-

APN/PARCEL ID

34-00711

ASK ABOUT THIS PROPERTY

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

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

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