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4400 Calumet Ave 23,690 SF 100% Leased Office Building Manitowoc, WI 54220 $5,113,725 CAD ($215.86 CAD/SF) 8% Cap Rate
Investment Highlights
- Conference Rooms!
- Great Location!
- Reception Area and Elevator!
Executive Summary
Flagship building in Harbor Town District with over 23,000 square feet of finished space on 3 floors. High end finishes throughout, conference rooms, ample office space, and reception areas. Built in 2007, it is located on one of the busiest intersections in the county with a daily traffic count around 14,500. Currently being used as a multitenant building that has plenty of parking, barrier free access, elevator, on a nicely landscaped 1.7 acre lot. Seller may be willing to lease back 100% of the building and provide special financing terms.
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Office/Residential
Building Size
23,690 SF
Building Class
A
Year Built
2007
Price
$5,113,725 CAD
Price Per SF
$215.86 CAD
Cap Rate
8%
NOI
$409,098 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
7,897 SF
Building FAR
0.31
Lot Size
1.73 AC
Zoning
B-3
Parking
87 Spaces (3.67 Spaces per 1,000 SF Leased)
Amenities
- Conferencing Facility
- Reception
- Direct Elevator Exposure
Fairly walkable
50/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 052-835-101-616.00 | Improvements Assessment | $3,981,704 CAD |
| Land Assessment | $820,594 CAD | Total Assessment | $4,802,298 CAD |
Property Taxes
Parcel Number
052-835-101-616.00
Land Assessment
$820,594 CAD
Improvements Assessment
$3,981,704 CAD
Total Assessment
$4,802,298 CAD
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4400 Calumet Ave
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