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491 S Washburn St

25,455 SF 100% Leased Office Building Oshkosh, WI 54904 $5,150,500 ($202/SF) 6.33% Cap Rate

Investment Highlights

  • Diverse Tenant Base
  • Strategic Location - Easily accessible
  • High-Quality Professional Environment

Executive Summary

This 22,685 SF multi-tenant property represents a stable and diversified investment opportunity, fully occupied by a mix of professional and healthcare tenants. Anchored by ThedaCare Cancer Center under a triple net lease with a recent extension, the property ensures long-term financial stability. Additional tenants include Suttner Accounting, which also extended its lease, and Cumulus Broadcasting, operating under gross leases, catering to a variety of healthcare, business, and media service needs.
The property provides value-focused services, highlighted by ThedaCare Cancer Center, which delivers critical healthcare solutions to the community, attracting patients and visitors who prioritize accessibility and quality. Complementing this, Suttner Accounting offers professional business services, while Cumulus Broadcasting enhances the tenant mix with reliable media offerings. Together, these tenants ensure a strong, multi-faceted appeal to the local market.
Designed for a professional environment, the property features modern amenities, including a dedicated patient pickup/drop-off area for convenience and recent upgrades such as interior finishes in 2024 and a medical build-out in 2018 tailored to healthcare needs. These enhancements create an aesthetically pleasing, functional space that attracts organizations seeking high-quality, adaptable facilities.
Located in a strategic high-traffic corridor in Oshkosh, the property enjoys exceptional highway visibility and accessibility, making it convenient for tenants and visitors alike. Proximity to key commercial and retail hubs enhances its appeal, drawing consistent foot traffic and community engagement. The flexible multi-tenant layout and combination of NNN and gross leases foster long-term occupancy and satisfaction, ensuring the property remains a robust and adaptable investment.

Property Facts

Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
25,455 SF
Building Class
B
Year Built/Renovated
2002/2018
Price
$5,150,500
Price Per SF
$202
Cap Rate
6.33%
NOI
$325,836
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
12,728 SF
Building FAR
0.24
Lot Size
2.48 AC
Zoning
SMU - Suburban Mixed-Use
Parking
101 Spaces (3.96 Spaces per 1,000 SF Leased)

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
06-14680000
Land Assessment
$435,600
Improvements Assessment
$2,746,100
Total Assessment
$3,181,700
  • Listing ID: 34233993

  • Date on Market: 12/18/2024

  • Last Updated:

  • Address: 491 S Washburn St, Oshkosh, WI 54904

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