205 S 3rd St 6,640 SF 4% Leased Retail Building Watertown, WI 53094 $512,360 CAD ($77.16 CAD/SF) 8.04% Cap Rate

This is a property or building sale only. The fitness center and all of the equipment is owned by the tenant and is NOT included in the sale of the building. The Fitness Center is under an escalating lease thru July 2030. The property is a two-unit commercial building with the fitness center 5800 sf in one unit, and an 800-sf office suite in the other. Both are long term tenants looking to continue. The office is fully remodeled with its own bathroom and full-size basement. The fitness center is approximately 5800 sf including two bathrooms; an office and basement used for mechanical items. Building is updated with all mechanicals including a new rooftop HVAC unit in 2025. The fitness center business and equipment are NOT included in the sale of the building. Building is located in the historic district, just over a block from Main St, and is on a main artery running across the city north and south. It is surrounded by other commercial properties that have been revitalized. Income is an average based on the next 4 years per the commercial lease in effect.