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Trasino Landing 1600-1688 N Casaloma Dr

24,510 SF 85% Leased Retail Building Grand Chute, WI 54913 $4,300,000 ($175/SF) 7.81% Cap Rate

Investment Highlights

  • Prime Commercial Space
  • Long Term NNN Leases
  • 7.5 Cap Rate
  • Class A Stip Center
  • Current NOI $336,000
  • 3,500 Sq Ft. Vacant

Executive Summary

Prime Commercial Office FOR SALE
Ideal use is office space for companies or individuals
at an ideal location in Appleton.
Besaw Properties LTD is pleased to offer, for sale, this commercial office building at 1600-1688 N. Casaloma Drive in Appleton, WI. This Class A strip center has an excellent tenant mix. Mostly medical with long term NNN leases, 7 years average. 3,500 sq. ft. vacant for upside. Currently at 7.5 cap rate. All leases are new in the last 24 months. Annual 3% base rent increases on most leases. Current NOI $336,000. Financials provided with executed C/A only. Onsite backup generator owned by seller.

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Building Size
24,510 SF
Building Class
B
Year Built/Renovated
2008/2015
Price
$4,300,000
Price Per SF
$175
Cap Rate
7.81%
NOI
$336,000
Percent Leased
85%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.18
Lot Size
3.11 AC
Zoning
Commercial Regional Distr - Commercial
Parking
91 Spaces (3.71 Spaces per 1,000 SF Leased)
Frontage
535 FT on N Casaloma

Amenities

  • Pylon Sign
  • Signage

Space Availability

  • Space
  • Size
  • Space Use
  • Position
  • Available
  • 1st Floor
  • 1,350-3,600 SF
  • Retail
  • -
  • Now

Besaw Properties LTD is pleased to offer FOR LEASE this prime commercial office building at 1600-1688 Casaloma Drive in Appleton, WI. Many options for this office building, ideal use is office space for companies or individuals seeking an ideal location.

Space Size Space Use Position Available
1st Floor 1,350-3,600 SF Retail - Now

1st Floor

Size
1,350-3,600 SF
Space Use
Retail
Position
-
Available
Now

1st Floor

Size 1,350-3,600 SF
Space Use Retail
Position -
Available Now

Besaw Properties LTD is pleased to offer FOR LEASE this prime commercial office building at 1600-1688 Casaloma Drive in Appleton, WI. Many options for this office building, ideal use is office space for companies or individuals seeking an ideal location.

Nearby Major Retailers

Chili's Grill & Bar
P.F. Chang's
Red Lobster
Olive Garden Italian Rstrnt
Cheddar's Scratch Kitchen
Anytime Fitness
Chase Bank
Noodles & Company
Starbucks
IHOP

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
10-1-0897-00
Land Assessment
$422,300
Improvements Assessment
$1,799,300
Total Assessment
$2,221,600
  • Listing ID: 32669376

  • Date on Market: 8/2/2024

  • Last Updated:

  • Address: 1600-1688 N Casaloma Dr, Grand Chute, WI 54913

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