500 3rd St - Office FOR SALE


Wausau, WI 54403
$9,580,000 USD
715-203-4894
500 3rd St, Wausau, WI for Sale
$9,580,000 USD
Office - FOR SALE
1/11
null | 10.01% Cap Rate

500 3rd St
Wausau, WI 54403


HIGHLIGHTS

  • CitySquare features an impressive two-story glass atrium lobby, combining modern appeal with natural light throughout the building.
  • Centrally located in Wausau’s Central Business District, CitySquare offers unparalleled visibility and accessibility for professional businesses.
  • Institutional ownership has modernized the property with significant capital improvements, including a 2016 renovation and updated lobby finishes.
  • On-site amenities include a 50-person conference and training center, café, and boardroom equipped with advanced audiovisual technology.
  • Every day, tenants enjoy access to the on-site, fully appointed fitness center with showers, cardio equipment, and secure bike storage.
  • Spanning a full city block, the center offers adjacent parking ramps, ensuring convenience for employees and visitors in the city center.

OVERVIEW

CBRE is pleased to present the opportunity to purchase an iconic office building located in the heart of downtown Wausau. The CitySquare offering provides a mix of traditional and creative office space listed with an attractive cap rate. An investor will have the opportunity to increase occupancy further and drive rents, while maintaining a loyal base of existing credit-rated tenants. Prominently located in Wausau’s CBD, the limestone-clad, eight-story office building spans over 143,000+ square feet and boasts a two-story glass atrium lobby. The Class A office is institutionally maintained and modernized, with significant capital investment. Located in the heart of Wausau, CitySquare offers a unique blend of work, play, and community. Its prime location puts tenants within walking distance of concerts on the Square, several dining and drinking options, boutiques and local retailers, and several hotels. CitySquare’s timeless appeal and location make it a popular destination for national companies, law firms, and other professional groups who are seeking a prominent address. Additionally, the building's amenities and institutional quality attract and retain long-term tenants, ensuring steady cash flow and value appreciation. CitySquare’s 10-mile demographics confirm a stable, affluent area, home to a growing population of 90,578 residents with average household incomes exceeding $91,700. Professional and business services, financial services, and information services employ nearly 10,000 daytime professionals, aligning with the subject’s capabilities. For financial information and to download the full Offering Memorandum, please see the Links Section below and go to www.citysquare-cbre.com.

FOR SALE DETAILS

PRICE

$9,580,000 USD

PRICE/SF

$67 USD /SF

CAP RATE

10.01%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

CitySquare Office Center

PROPERTY TYPE

Office

ADD'L SUBTYPES

Medical

TOTAL BUILDING SIZE

-

STORIES

8

BUILDING CLASS

B

YEAR BUILT

1976

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.37 AC

LAND SF

59,677 SF

ZONING

B41

APN/PARCEL ID

291-2907-253-0267

ASK ABOUT THIS PROPERTY

Brian WolffCBRE, Inc.More Info
715-203-4894

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Brian WolffCBRE, Inc.More Info
715-203-4894

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