Industrial Inv Property – Long-Term Tenants

Two Rivers, WI (Manitowoc County)

Industrial Inv Property – Long-Term Tenants
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Asking Price: $2,887,750

Gross Revenue: N/A

Price/Sq. Ft.: N/A

NOI: N/A

Building SF: 82,500

FF&E: N/A

Year Built: 1978

Industrial Inv Property – Long-Term Tenants

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Property Description

Within the City of Two Rivers in Manitowoc County, this industrial opportunity has been anchored as a successful and vibrant property since 1978. The building features 78,000 square feet of manufacturing space and 4,500 square feet of office space.

Between 2008 and 2015 a new roof has been installed on the north portion, south portion and office area. This very well-maintained steel construction building is wet sprinkler fire suppressed, as well. Two reliable long-term tenants currently occupy the building and have recently renewed their leases. This is an excellent property to add to your industrial portfolio.

Tenant 1
43,000 square feet, 5 triple-net lease.
$3.25 / square foot 2019 - starting in April. Old rate Jan-March.
3% escalator / year

Tenant 2
39,500 square feet, 10 triple-net lease.
$3.25 / square foot 2019
3% escalator / year

Detailed Information

Location:
Two Rivers, WI
Type:
Industrial
Building SF:
82,500
Building Status:
Established
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Darren Harrington

Property Listed By:
Darren Harrington

Creative Business Services

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Sponsoring Broker:
Michael J. Schwantes

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