Investment Overview

Marcus & Millichap is pleased to present the sale offering of 620 N Lynndale Dr, Appleton, Wisconsin. The subject property is a 26,000 square-foot single-tenant flex facility that sits on a 4.88-acre lot. The building is currently occupied by Xerox (NASDAQ: XRX) whose lease expires 12/31/2023 with no options to review. The facility contains approximately 7,000 square-feet of warehouse and 19,000 square-feet of office buildout. This offering provides an investor with the opportunity to acquire a cash-flowing asset that is ultimately poised for reposition. At the current list price of $2,100,000 the opportunity is producing a net income of $304,200 which equates to a 14.49% cap rate. With approximately 7 months of remaining cash-flow, an investor will have time to backfill the property at $8/SF NNN with a new tenant and still achieve a 9.90% cap rate.