328 Front St S - Office FOR SALE


La Crosse, WI 54601- Downtown La Crosse
$14,000,000 USD
608-513-9653
328 Front St S, La Crosse, WI for Sale
$14,000,000 USD
Office - FOR SALE
1/5
null | 10.7% Cap Rate

328 Front St S
La Crosse, WI 54601
Downtown La Crosse


HIGHLIGHTS

  • Single Tenant Net Lease (STNL) United Healthcare's Optum
  • Restaurant and Bar located off the lobby
  • Overlooks the Mississippi River

OVERVIEW

CBRE is pleased to present the opportunity to acquire one or all three office buildings known as Riverside Center in La Crosse, WI. NNN Lease with United Healthcare's Optum.. UnitedHealth Group maintains strong investment-grade A+/A- credit ratings. Riverside I is fully occupied by United Healthcare’s Optum. Located off of the lobby is the upscale restaurant, The Waterfront. The restaurant has a large covered and heated patio overlooking the river. Recently, after 20 years as being La Crosse’s premier restaurant, the owner has decided to close. Their lease is still active, and the Weber Group continues to pay the monthly rent and operating expenses. To download the Offering Memo (OM), please go to www.riversidecenter-cbre.com and register the Confidentiality Agreement to download the full Offering Memorandum and the financials.

FOR SALE DETAILS

PRICE

$14,000,000 USD

PRICE/SF

$217 USD /SF

CAP RATE

10.7%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Riverside Center I

PROPERTY TYPE

Office

ADD'L SUBTYPES

Medical

TOTAL BUILDING SIZE

-

STORIES

6

BUILDING CLASS

C

YEAR BUILT

2005

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.69 AC

LAND SF

29,882 SF

ZONING

MZA

APN/PARCEL ID

017-020025-056

ASK ABOUT THIS PROPERTY

Brian WolffCBRE, Inc.More Info
608-513-9653

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Brian WolffCBRE, Inc.More Info
608-513-9653

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