2875 Village Road, Portage, WI
$995,000
9,000
Square feet
1.15
Acres
About 2875 Village Road
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 – Portage and Aspirus Divine Savior Hospital.
Features of 2875 Village Road
| MLS® # | 22405062 |
|---|---|
| Price | $995,000 |
| Square Footage | 9,000 |
| Acres | 1.15 |
| Year Built | 2003 |
| Type | Commercial |
| Sub-Type | For Sale |
| Status | Active |
Community Information
| Address | 2875 Village Road |
|---|---|
| Area | Other |
| City | Portage |
| County | Columbia |
| State | WI |
| Zip Code | 53901 |
Amenities
| Is Waterfront | No |
|---|
Interior
| Has Basement | No |
|---|
Additional Information
| Date Listed | October 21st, 2024 |
|---|---|
| Foreclosure | No |
| Short Sale | No |
| Agent | Timothy Wimmer |
| Office | WIMMER REAL ESTATE LLC |
Listing Details
| Office | WIMMER REAL ESTATE LLC |
|---|