1133 S 16th St 88,740 SF 10% Leased Industrial Building Manitowoc, WI 54220 $1,604,480 CAD ($18.08 CAD/SF)

Adaptive Re-Use Project located just blocks from Downtown Manitowoc. This project can serve several needs including Climate Controlled Storage, Data Center Use, Apartments, and Condominiums. Cube Smart has provided a pro forma that shows the need for Climate Control within the area and the NOI has significant upside with minimal build out costs. This can be made available at request along with storage layout plans. The property has several large open spaces that can be converted and because it served as a tinsel producing factory, it has weight bearing floors to accommodate for storage or data center usage. The city has offered an opportunity to create 76 or 81 unit housing project or the development of market rate apartments. They are offering TIF if housing is to be provided. The building also has a historical designation and is offered historical tax credits. Less than 7 minutes from the interstate and minutes away from the port make it ideal for distribution, storage, or data conversions. See attached brochure for more information. Phase 1 and 2 environmental can be provided and show no site contamination.