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Office Warehouse

620 N. Lynndale Dr.

620 N Lynndale Dr, Appleton, WI 54914

Listing Price: $2,100,000

Cap Rate
14.49%
Gross SF
26,000
Price/Gross SF
$80.77
Lot Size
4.88 acres
Year Built
1977
Rentable SF
26,000

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.

Investment Highlights

  • Reposition/owner-user opportunity | Current lease expires 12/31/2023
  • Approximately 7 months of remaining cash-flow from Xerox (NASDAQ: XRX)
  • 26,000 square-foot facility on 4.88 acre lot
  • High yield offering | 14.49% cap rate
  • Priced below replacement cost at $80.77/SF

Exclusively Listed By

Broker of Record

  • Todd Lindblom

    First Vice President/Regional Manager

    (262) 364-1900

    License(s) WI: 56163-90

    Wisconsin

Office Warehouse

620 N. Lynndale Dr.

Listing Price: $2,100,000

Cap Rate
14.49%
Gross SF
26,000
Price/Gross SF
$80.77
Lot Size
4.88 acres
Year Built
1977
Rentable SF
26,000

Investment Highlights

  • Reposition/owner-user opportunity | Current lease expires 12/31/2023
  • Approximately 7 months of remaining cash-flow from Xerox (NASDAQ: XRX)
  • 26,000 square-foot facility on 4.88 acre lot
  • High yield offering | 14.49% cap rate
  • Priced below replacement cost at $80.77/SF

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.

Exclusively Listed By

Broker of Record

  • Todd Lindblom

    First Vice President/Regional Manager

    (262) 364-1900

    License(s): WI: 56163-90

    Wisconsin

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