Exceptional Credit Investment Property

Office for Sale
Catylist Listing ID: 30339122
Property Subtypes: Governmental, Office Building
Building Size (RSF): 5,100 SF
Gross Building Area: See Agent
Sale Price: $1,958,000
Unit Price: $383.92 PSF
Property Use Type: Investment
Class of Space: Class A
Sale Terms: Cash to Seller
Cap Rate: 6.53%
Last Updated: 10/16/2018

Overview / Comments

• Single Tenant Investment Property.
• Exceptional credit investment property leased to the United States of America,
• General Services Administration (“GSA”).
• Social Security Administration (“SSA”) facility.
• Tenant since 2008
• Ten-year tenant with a new 10-year lease (July 2018).
• Five-year “firm” term.
• 5,100 square foot building on 1.07 acres, offering 26 parking spaces. Zoned “ Commercial” within Rhinelander.
• Well-located in Rhinelander, the county seat of Oneida County, in the beautiful Northwoods of Wisconsin.

Current Tenants

Tenant Business Name U.S. Social Security Administration

Additional Details

Nearest MSA: Wausau
County: Oneida

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 8,288 13,865
Median Age: 39.79 43.04
Households: 3,789 6,105
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