807 Parkview Road

Retail-Commercial for Sale
Catylist Listing ID: 30079169
Building Size (RSF): 45,520 SF
Gross Building Area: 86,684 SF
Gross Land Area: 1.99 Acres
Sale Price: $2,150,000
Unit Price: $47.23 PSF
Ceiling: 20 ft.
In Opportunity Zone? Yes
Property Use Type: Net Leased Investment (NNN)
Building Name: Sports Advantage Center
Usable Size (USF): 45,520 SF
Sale Terms: Undisclosed
Cap Rate: 6.61%
Average Occupancy Rate: 100
Last Updated: 9/16/2019

Overview / Comments

Unique Investment. Indoor artificial turf field / volleyball courts and gymnastics center. A highly visible sports complex located near the Ashwaubenon Industrial Park with easy access on/off Interstate 41 and Hwy 172. This 45,520 square foot building was constructed in 2009 and is 100% occupied with strong leases in place for the next 10 years. Current NOI of $155,279.12.

Current Tenants

Tenant Business Name AP Vaulters
Is Renting? Yes
SF of Space Occupied 1,500 SF
Current Rent $800 PSF (Annual)
Lease Expiration 12/2026
Tenant Business Name Starz Gymnastics
Is Renting? Yes
SF of Space Occupied 8,000 SF
Current Rent $2,300 PSF (Annual)
Lease Expiration 3/2026
Tenant Business Name PURDY Performance LLC
Is Renting? Yes
SF of Space Occupied 16,920 SF
Current Rent $5,426 PSF (Annual)
Lease Expiration 9/2026
Tenant Business Name One Wisconsin Volleyball Club
Is Renting? Yes
SF of Space Occupied 15,137 SF
Current Rent $5,222 PSF (Annual)
Lease Expiration 9/2023

Additional Details

Nearest MSA: Green Bay
County: Brown
Taxing Authority: Village of Ashwaubenon
Tax ID/APN: VA-228-14-K-16
Retail Clientele: General, Family, Business, Recreation
Property Located Between: Between Holmgren Way and Market Street
Property Visibility: Good
Largest Nearby Street: Holmgren Way
Feet of Frontage: 217
Highway Access: 4.3 Miles to Interstate 41 3.62 Miles to Hwy172
Airports: 4.8 Miles to Austin Straubel Airport
Area Description: Located in Ashwaubenon Industrial Park, average recreational expenditures in a 5 mile radius approximately $5,189,527/year.
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 45,520 SF
Property Condition: Excellent
Year Built: 2009
Roof Type: Gable
Construction/Siding: Aluminum Siding, Brick
Total Parking Spaces: 62
Parking Ratio: 7.3 (per 1000 SF)
Parking Type: Surface
Sprinklers: Wet
Heat Type: Natural Gas
Heat Source: Ceiling Units
Air Conditioning: Other
Easements: Other
Easements Description: Easement for monitoring well of adjacent manufacturing property as preventive measure

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 4,524 57,610 135,713
Median Age: 37.55 38.04 36.73
Households: 2,280 23,325 55,330
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.