Investment Opportunity - Commonweal Development … Opportunity ... This investment portfolio...
Transcript of Investment Opportunity - Commonweal Development … Opportunity ... This investment portfolio...
Investment Opportunity
710 S. Dewey · 610 Gibson
Office Properties
Investment Summary - At A Glance (7 S. Dewey & 610 Gibson)
Price $3.85 million
GLA 38,504 SF
Lot Size 120,622 SF
NOI (Projected) $299,328.00
CAP Rate 7.77%
Occupancy 91%
Brokerage | Development | Property Management w w w . c o m m o n w e a l d c . c o m
The above information has been obtained from various sources that we deem reliable. Although we have no reason to doubt its accuracy or completeness, no representation or warranty is
made by Commonweal Development Corporation regarding the information. This submission may be modified or withdrawn at any time by the property owner.
Commonweal Development Corporation is pleased to present two first-class office building for sale in downtown Eau Claire.
This investment portfolio consists of two adjacent office buildings on the Eau Claire River. One of the building is located at 7 S. Dewey street which is a 26,500 SF multi-tenant office building that offers contemporary design and spacious office suites. The other is located at 610 Gibson is a 18,500 SF office building that is 100% leased to the State of Wisconsin, with occupancy by Department of Human Services and Department of Revenue.
Call for more details on this attractive investment opportunity.
Jamie Radabaugh
P: 715.832.8707 | F: 715.832.1180
Riverfront Terrace Apts. - 111 Units
New
JAMF
GreenTree Suites
Haymarket Landing - 119 Units + Commercial
Confluence Arts Center
Lismore Hotel/Conference Ctr
7 S. Dewey
610 Gibson
Brokerage | Development | Property Management w w w . c o m m o n w e a l d c . c o m
Downtown Eau Claire - Existing & Proposed Projects
*Outlines are approximate and do not represent actual survey lines.
The above information has been obtained from various sources that we deem reliable. Although we have no reason to doubt its accuracy or completeness, no representation or warranty is
made by Commonweal Development Corporation regarding the information. This submission may be modified or withdrawn at any time by the property owner.
Haymarket Landing currently under
construction. Mixed use building featuring
119 Units plus commercial space
overlooking the river.
72,500 SF JAMF Software building
constructed in 2014 in Downtown Eau
Claire.
Lismore Hotel & Conference Center
currently under renovation, partnered with
Hilton Double Tree brand.
Green Tree Inn & Suites under renovation to
become unique boutique hotel.
Riverfront Terrace added 57 modern
apartments to the area in 2014.
Demographics
3 Miles 5 Miles 10 Miles
Population 60,223 83,010 109,549
Average HH Income $54,572.00 $58,290.00 $60,667.00
Med. HH Income $40,575.00 $44,377.00 $47,647.00
JAMF Software, Downtown Eau Claire
Haymarket Landing, Opens 2016
Library
City Hall
US Bank
Chamber Building
Banbury Place
RCU Corporate Office
Brokerage | Development | Property Management w w w . c o m m o n w e a l d c . c o m
Property & Lease Summary
7 S. Dewey Street
Location: 7 S. Dewey Street, Eau Claire, WI
Zoning: CBD - Central Business District
Building Size: 26,500 SF +/- Rentable 20,344 SF
Lot Size: 30,487 SF - .70 Acres
Year Built: 1998
Tenants: SDS Architects, Invisible Connect,
RBC Wealth Management
Vacancy: 3,500 Square Feet
Lease Type: Gross
Total Annual Rent/Gross
Potential Rent:
$247,114.50/$269,715.00
Lease Term: SDS - 11/30/2015
RBC - 09/30/2018
Invisible Connect - 06/30/2015
Maintenance & Utilities (2014): $94,647.00 - $3.57/SF
Taxes (2014): $37,873.90 - $1.43/SF
Insurance (2014): $3,648.00 - $0.14/SF
The above information has been obtained from various sources that we deem reliable. Although we have no reason to doubt its accuracy or completeness, no representation or warranty is
made by Commonweal Development Corporation regarding the information. This submission may be modified or withdrawn at any time by the property owner.
Jamie Radabaugh
P: 715.832.8707 | F: 715.832.1180
Brokerage | Development | Property Management w w w . c o m m o n w e a l d c . c o m
The above information has been obtained from various sources that we deem reliable. Although we have no reason to doubt its accuracy or completeness, no representation or warranty is
made by Commonweal Development Corporation regarding the information. This submission may be modified or withdrawn at any time by the property owner.
Jamie Radabaugh
P: 715.832.8707 | F: 715.832.1180
Property & Lease Summary
610 Gibson Street
Location: 610 Gibson Street, Eau Claire, WI
Zoning: CBD - Central Business District
Building Size: 18,500 SF +/-
Lot Size: 90,175 SF or 2.07 Acres
Year Built: 1998
Tenants: Department of Human Services
Department of Revenue
Vacancy: NA
Lease Type: Full Service
Total Annual Rent: $369,219.58
Lease Term: DHS - 06/30/2019
DOR - 11/30/2018
Maintenance & Utilities (2014): $86,275.00 - $4.66/SF
Taxes (2014): $48,743.87 - $2.64/SF
Insurance (2014): $2,655.00 - $0.14/SF