61,000 sq ft Industrial

Industrial for Sale
Catylist Listing ID: 30591276
Property Subtypes: Flex Space, Free-Standing, Industrial-Business Park, Manufacturing, Light Industrial
Building Status: Proposed
Building Size (RSF): 61,000 SF
Sale Price: $2,100,000
Unit Price: $34.43 PSF
Ceiling: 21 ft.
Docks/Doors: 5 Docks
Drive In Bays: 2 Bays
Property Use Type: Investment, Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/23/2020

Overview / Comments

Bldg consists of about 61,100 sq ft. Bldg built about 1985. 8 overhead doors. Forced air gas and modine heaters. Bldg has central air except for warehouse area in the front North West area of Bldg. Lot depth is about 248 feet. Lot frontage is about 545 feet. CSM 6653 shows a driveway easement. Ceiling heights range from about 12 feet to 21 feet depending on the sections of the building. Quality Print part of bldg. has 5 bathrooms and Piper Electric part of building has 2 bathrooms. Rents are: Piper electric at $7,491 per month. Home Elements at $5,874 per month. Valley Plastics at $7,000 per month. Piper Electric is located on the South end of the building and is kind of a separate area of its own. Home Elements and Valley Plastics are located in the main part of the building and located to the North of Piper Electric.
Piper Electric originally occupied about 14,814 sq ft and recently took over another 3,400 sq ft which gives them a total sq ft of 18,214 sq ft. Piper took occupancy about Sept 2012. Rent for the period 1-1-20 thru 12-31-20 is at $7,491 per month and rent for the period 1-1-21 thru 12-31-21 is at $8,241 per month. Piper Electric space about 18,200 sq ft and Balance of bldg. is about 42,900 sq ft.The Piper Electric lease is not a net type lease. Piper Electric pays their own utility costs.

Landlord pays the real estate taxes, grass cutting and snow removal for the whole building.

Tax Key #: 02-1306-02-00.

Additional Details

Nearest MSA: Oshkosh-Neenah
County: Winnebago
Taxing Authority: Neenah
Tax ID/APN: 80213060200
Property Located Between: Just East of Hiwy 41 and South of Bell St
Highway Access: Hiwy 41 & Bell St at the Breezewood Exit in Neenah.
Area Description: Neenah South Industrial park.
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Average
Year Built: 1985
Construction/Siding: Steel Frame
Parking Type: Surface
Sprinklers: Wet
Heat Type: Natural Gas
Heat Source: Central
Zoning Description: Industrial.
Lot Frontage: 545
Lot Depth: 248
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 7,221 29,056 63,887
Median Age: 35.16 38.47 38.87
Households: 2,984 12,080 25,763


Photograph of Listing Agent

Michael Law

Law Realty LLC
WCIE Member
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