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Office

Executive Center II

1150 Springhurst Dr, Ashwaubenon, WI 54304

Listing Price: $2,100,000

Cap Rate
10.45%
Gross SF
32,710
Rentable SF
31,975
Price/Gross SF
$64.20
Lot Size
4.40 acres
Year Built
1989

Investment Overview

We are pleased to exclusively offer for sale Executive Center II, a two-story office asset within the Greater Green Bay Area. Built in 1989 and professionally maintained since development, the asset spans 32,710 square feet on a 4.4-acre lot. The complex has a great mix of back office and educational tenants with limited surrounding competition and high barriers to entry. The investment has a 71% occupancy effective Jan 1, 2021, with multiple long-term tenants. Additional value can be created by leasing the four vacant spaces which are all functional and in great condition. The asset is located in an office corridor with many retail amenities in close proximity. This corridor is home to employers Prevea Health, Shopko Stores, and Ameriprise Auto & Home Insurance. The asset’s surrounding area has continued to grow with significant investments in housing and hospitality, diversifying the area’s industries.

Investment Highlights

  • Value add potential through lease up.
  • Credit tenants.
  • Well-located.
  • Large national and regional tenants at the property include NCS Pearson, GRAEF, Concordia University, and Walgreens (dark).
  • One tenant leasing 19% of the asset, GRAEF, has been in the property since 1992.
  • Offered below replacement cost.

Exclusively Listed By

Broker of Record

  • Todd Lindblom

    Vice President/Regional Manager

    License(s): WI: 56163-90

    Wisconsin

Listing Price: $2,100,000

Cap Rate
10.45%
Gross SF
32,710
Rentable SF
31,975
Price/Gross SF
$64.20
Lot Size
4.40 acres
Year Built
1989

Investment Highlights

  • Value add potential through lease up.
  • Credit tenants.
  • Well-located.
  • Large national and regional tenants at the property include NCS Pearson, GRAEF, Concordia University, and Walgreens (dark).
  • One tenant leasing 19% of the asset, GRAEF, has been in the property since 1992.
  • Offered below replacement cost.

Investment Overview

We are pleased to exclusively offer for sale Executive Center II, a two-story office asset within the Greater Green Bay Area. Built in 1989 and professionally maintained since development, the asset spans 32,710 square feet on a 4.4-acre lot. The complex has a great mix of back office and educational tenants with limited surrounding competition and high barriers to entry. The investment has a 71% occupancy effective Jan 1, 2021, with multiple long-term tenants. Additional value can be created by leasing the four vacant spaces which are all functional and in great condition. The asset is located in an office corridor with many retail amenities in close proximity. This corridor is home to employers Prevea Health, Shopko Stores, and Ameriprise Auto & Home Insurance. The asset’s surrounding area has continued to grow with significant investments in housing and hospitality, diversifying the area’s industries.

Exclusively Listed By

Broker of Record

  • Todd Lindblom

    Vice President/Regional Manager

    License(s): WI: 56163-90

    Wisconsin

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