Skip to main content

Office Warehouse

Flex Industrial

4505 S Taylor Dr, Sheboygan, WI 53081

Listing Price: $3,250,000

Cap Rate
6.36%
Gross SF
30,000
Price/Gross SF
$108.33
Lot Size
4.40 acres
Year Built
2000
Rentable SF
30,000

Investment Overview

OVER 59,000 RESIDENTS WITHIN FIVE YEARS WITH AN AVERAGE HOUSEHOLD INCOME OF $72,856 LOCATED IN THE SHEBOYGAN BUSINESS PARK (SUBMARKET –178 BUILDINGS & 10.7M SF)

Investment Highlights

  • 100% OCCUPIED FLEX BUILDING –FIVE UNITS (THREE TENANTS)
  • ANCHORED BY ROCKLINE (60% GLA) –FIRST OCCUPIED IN 2013 WITH EXPANSIONS IN 2016 & 2020
  • ORIGINALLY BUILT IN 2000 (STEEL FRAME AND SPLIT-FACED BLOCK)
  • ALL LEASES ARE STRUCUTRED AS MODIFIED GROSS
  • NEW TWO-YEAR EARLY EXTENSION FOR IBC TECHNOLOGIES (LEASE CONVERTED TO TRIPLE-NET)
  • LOCATED RIGHT OFF INTERSTATE 43 (BETWEEN MILWAUKEE & GREEN BAY)
  • STAGGERED LEASE TERMS FROM 2023 -2025

Exclusively Listed By

  • Jeff R. Rowlett

    Senior Vice President Investments

    (262) 364-1924

    Email Jeff

    License(s): WI: 74743-94, IL: 471.016866

    Milwaukee

Financing By

Office Warehouse

Flex Industrial

Listing Price: $3,250,000

Cap Rate
6.36%
Gross SF
30,000
Price/Gross SF
$108.33
Lot Size
4.40 acres
Year Built
2000
Rentable SF
30,000

Investment Highlights

  • 100% OCCUPIED FLEX BUILDING –FIVE UNITS (THREE TENANTS)
  • ANCHORED BY ROCKLINE (60% GLA) –FIRST OCCUPIED IN 2013 WITH EXPANSIONS IN 2016 & 2020
  • ORIGINALLY BUILT IN 2000 (STEEL FRAME AND SPLIT-FACED BLOCK)
  • ALL LEASES ARE STRUCUTRED AS MODIFIED GROSS
  • NEW TWO-YEAR EARLY EXTENSION FOR IBC TECHNOLOGIES (LEASE CONVERTED TO TRIPLE-NET)
  • LOCATED RIGHT OFF INTERSTATE 43 (BETWEEN MILWAUKEE & GREEN BAY)
  • STAGGERED LEASE TERMS FROM 2023 -2025

Investment Overview

OVER 59,000 RESIDENTS WITHIN FIVE YEARS WITH AN AVERAGE HOUSEHOLD INCOME OF $72,856 LOCATED IN THE SHEBOYGAN BUSINESS PARK (SUBMARKET –178 BUILDINGS & 10.7M SF)

Exclusively Listed By

  • Jeff R. Rowlett

    Senior Vice President Investments

    (262) 364-1924

    Email Jeff

    License(s): WI: 74743-94, IL: 471.016866

    Milwaukee

Financing By

MM Texture Background
MM Textured Background Lower