- Date added: 09/29/23
- Post Updated: 2023-09-29 11:46:18
- Type: Real Estate For Sale
- Status: Active
Description
Built in 2003, this multi-tenant building with a newly signed Social Security Lease is available. Tenants include Social Security 5,064 Square Feet, Department of Workforce Development 892 Square Feet and 1,873 Square Feet of vacant space. The Social Security lease features annual CPI rent increases using the standard GSA leasing structure where any increase in expenses will be covered by the Consumer Price Index increase for the following year. The Social Security just renewed their lease for 10 years, 5 years of which are firm showing their commitment to this site and location. The Department of Workforce Development recently exercised their three-year renewal extending their lease through December 31, 2025. The seller is currently installing a new roof top / AC unit as part of the Social Security Lease renewal. This is a prime location located just off Interstate 39 near many national and regional retailers including Wal-Mart, Kwik Trip, Festival Foods, Northridge Plaza, Goodwill, Tractor Supply, Pizza Ranch, Culvers as well as Madison Area Technical College â Portage and Aspirus Divine Savior Hospital.