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2425 New Pinery Road,  Portage,  WI  53901 $575,000 Active
2425 New Pinery Road,  Portage,  WI  53901
$575,000
Active
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 Property Type Business/Commercial
 Parcel # 11271 2783.1
 County Columbia
 Sub Area B25
 Municipality Portage
 MLS# 1918007
 Listing Date 08/20/2021

MLS Public Remarks  Come see this beautiful office building with 4 large office suites that are fully leased! This building is located on the corner of Slifer and New Pinery, with high traffic count on a busy corner. Access to the large parking lot is easy from the side road. Each office suite offers private offices, conference rooms and open spaces. The building offers an elevator, water fountain, two public restrooms & signage. Gross rents for 2023: $5,572.62/month and 2024: $5,731.28/month. (Several of the leases have an escalator clause) Call Today!
Documents and Related Links  
1) Condition Report
2) Brochure-vacant suites
3) Condition Report
LOCATION  
  • Location  City
  • Other Marketing Area  
  • Mailing City  Portage
  • C/T/V  City
  • Unit #  
  • Directions  On The North Side Of Portage At The Corner Of Hwy 51n (new Pinery Rd) & Slifer Street.
    • BUILDING DESCRIPTION  
  • Real estate for sale  Yes
  • Business for sale  No
  • For lease only  No
  • Ann. Rent/SqFt  $13
  • Total Units/Bldg  4
  • Building Gross SqFt  6,500
  • Net Leasable SqFt  0
  • Year Built  2004
  • Source for Year Built  PubR
  • Approx Bldg Dimen  50x75
  • Street Frontage  500
  • Parking Fees/Mo.  $0
  • Onsite Parking  21
  • # of Stories  2
  • Ceiling Height Min  8
  • Ceiling Height Max  12
  • Number of Loading Docks  0
  • Zoning  Commercial
  • Est. Total Acres  0.66
  • Source Of Est Acres  PubR
  • Lot Dimensions  
  • Owner  
  • Tradename  
    • ASSESSMENT & TAXES  
  • Land Assessment  $49,200
  • Assessment Year  2022
  • Net Taxes  $9,007
  • Tax Year  2022
  • Improvements  $555,000
  • Total Assessment  $604,000
    • ANNUAL INCOME/EXPENSES  
  • Income/Expenses Year  $2,022
  • Gross Operating Income  $65,028
  • Annual Operating Exp  $16,518
  • Net Operating Income  $48,510
    • UNIT INFORMATION  
    Unit Lease Type Lease Exp. Date Renewal Option Base Annual Rent Annual Rent/SqFt Other Fees/SqFt Gross SqFt
    1 3 year 12/31/2025 No $14,786 $13 $0 1,100
    2 5 year 12/31/26 Yes $15,450 $11 $0 1,400
    3 3 year 12/31/16 Yes $18,600 $15 $0 1,250
    Items Included Range/Oven and Refrigerator in Suite 202
    Items Excluded  Tenants personal property
    INTERIOR FEATURES  
  • Heating/Cooling  Central air, Forced air
  • Water/Waste  Municipal sewer, Municipal water
  • Basement  Partial
  • Fuel  Natural gas
  • Seating Capacity  
    • EXTERIOR FEATURES  
  • Type   Office, Retail, Service
  • Exterior Treatment  Wood
  • Building Parking  21-35 spaces, Paved
  • Roofing  Composition
  • Terms/Option  
  • Miscellaneous  Internet - DSL
    • OTHER FEATURES  
  • Documents on File  
  • Location  Business district, Corner, Free standing, Near Major Highway
  • Tenant Pays  No expenses
  • Present Use  Office, Service
  • Licenses  None
  • Lease Type  Annual, Escalators, Gross, Multiple years, Partial net, Renewal options
  • Occupied by  Tenant(s)
  • Sale Includes  Lease(s), Signs
  • Features  Passenger elevator, Private Restrooms, Private office(s), Public rest rooms, Security lighting, Signage available



    • Above Information Deemed Reliable, But Not Guaranteed

    Listing Courtesy of Restaino & Associates Era Powered