Riverfront Office Center Office FOR SALE


Sheboygan, WI - Riverfront
$5,600,000 USD
920-918-7377
, Sheboygan, WI for Sale
$5,600,000 USD
Office - FOR SALE
1/4
null | 8.46% Cap Rate

Riverfront Office Center
Sheboygan, WI
Riverfront


HIGHLIGHTS

  • Unique opportunity in downtown Sheboygan to purchase a multi-tenant office complex below replacement cost with a year one double-digit cash returns.

OVERVIEW

The Riverfront Office Center is strategically located just south of charming Downtown Sheboygan and is situated along the Sheboygan River with views of beautiful Lake Michigan. The property is in walking distance to several dining options and is located near several new apartment developments. With 23 tenants, this opportunity offers an investor the opportunity to spread the lease roll risk across many tenants. Additionally the property features a nice mix of credit tenants including Midwest Dental and CIBM Bank. With the current average rents below $14/SF Gross the investor has the opportunity to increase returns and property value by raising rents to market levels.

ASK ABOUT THIS PROPERTY

Dr. Toby WatsonDr Toby WatsonMore Info
920-918-7377

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Dr. Toby WatsonDr Toby WatsonMore Info
920-918-7377

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