2875 VILLAGE ROAD Portage, City of WI 53901
Commercial/Industrial
$ 1,050,000.00
- MLS #: 22405062
- Date added: 10/23/24
- Post Updated: 2024-10-23 20:46:07
- Type: Real Estate For Sale
- Status: Active
- Area: 9000 sq ft
- Year built: 2003
Description
Built in 2003, this multi-tenant building with a newly signed Social Security Lease is available. Tenants include Social Security, Department of Workforce Development, Hearing Care Associates, Wilkinson Law. 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 property features a new roof top / AC unit and 3M solar film to reduce future operating expense. 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.
Location Details
- Municipality: Portage, City of
- County: Columbia County
- Directions: Village Dr
- Area Desc: Other
Property Details
- # of Buildings: 1
- Building Sq Ft: 5001-10000
- Land Sq Ft: 50000+
- Sq Footage Office:: 9000
- Number of Acres: 1.15
- Sale/Rent: For Sale
- Age: 21
- Present Use: Office
Property Features
- Waterfront: No
Courtesy of
- Office Name: Wimmer Real Estate, LLC