Trasino Landing

Retail-Commercial for Sale
Catylist Listing ID: 30050623
Property Subtypes: Free-Standing Building, Mixed Use
Building Size (RSF): 24,510 SF
Gross Land Area: 3.11 Acres
Sale Price: $2,750,000
Unit Price: $112.20 PSF
Property Use Type: Net Leased Investment (NNN)
Building Name: Trasino Landing
Sale Terms: Build-to-Suit
Cap Rate: 8.9%
Last Updated: 11/2/2017

Overview / Comments

Trasino Landing is a highly visible multi-tenant strip center located in the heart of the retail corridor in Appleton, Wisconsin. The 24,510 square foot building was constructed in 2007 and is 80% occupied with a value added 4,178 square feet still vacant for the perfect tenant. Trasino Landing is part of a 26 acre development that includes retail, office, restaurant and hotel uses and features walking trails, beautiful landscaping and the lovely Trasino Lake.

Attachments & Media

Financials

Finance Data Year 2016
Real Estate Taxes - Annual($) $46,510 (Annual)
Tax Value Land $357,300
Tax Value Improvements $1,586,000
Assessed Value - Total($) $1,947,800 (Annual)
Potential Rental Income $303,948 (Annual)
Net Operating Income $292,382 (Annual)
Gross Operating Income $383,490 (Annual)
Actual or Proforma Year Proforma

Current Tenants

Tenant Business Name Alliant Physical Therapy
Is Renting? Yes
SF of Space Occupied 2,007 SF
Current Rent $18 PSF (Annual)
Lease Expiration 11/2020
Tenant Business Name Advanced Pain Management
Is Renting? Yes
SF of Space Occupied 3,909 SF
Current Rent $12 PSF (Annual)
Lease Expiration 5/2020
Tenant Business Name Pain Centers of Wisconsin
Is Renting? Yes
SF of Space Occupied 6,137 SF
Current Rent $12 PSF (Annual)
Lease Expiration 5/2020
Tenant Business Name CorTech
Is Renting? Yes
Lease Expiration 9/2018
Tenant Business Name Duke Management LLC
Is Renting? Yes
SF of Space Occupied 3,424 SF
Current Rent $15 PSF (Annual)
Lease Expiration 5/2021
Tenant Business Name Branching Out & Company
Is Renting? Yes
SF of Space Occupied 3,512 SF
Current Rent $11 PSF (Annual)
Lease Expiration 10/2018

Additional Details

Nearest MSA: Appleton
County: Outagamie
Taxing Authority: Town of Grand Chute
Tax ID/APN: 101089700
Zoning: COMMERCIAL REGIONAL DISTRICT
Retail Clientele: General, Family, Business, Tourist, Convention
Property Located Between: Casaloma Drive and W Greenville Drive
Property Visibility: Excellent
Largest Nearby Street: Wisconsin Avenue
Area Description: Appleton is the largest of the "Fox Cities," which include multiple communities along the Fox River. The Fox Cities have a combined population of 180,000 people. The Fox River Valley is the second largest market in Wisconsin.
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Excellent
Year Built: 2007
Roof Type: Other
Construction/Siding: Other
Total Parking Spaces: 138
Parking Type: Surface
Parking Description: Approximately 138 spaces including multiple handicapped spaces
Sprinklers: Wet
Heat Type: Natural Gas
Heat Source: Other
Air Conditioning: Package Unit
Water Service: Municipal
Sewer Type: Municipal

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,820 44,083 124,378
Median Age: 33.02 36.28 37.21
Households: 1,001 18,555 51,055
© Copyright REALTORS┬« Association of Northeast Wisconsin. All Rights Reserved. The information presented herein is provided as is, without warranty of any kind. Neither REALTORS┬« Association of Northeast Wisconsin nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.