100 W. Lawrence Street, Appleton, WI
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APPLETON CENTER $12,750,000 100 W. Lawrence Street, Appleton, WI APPLETON’S PREMIER OFFICE BUILDING INVESTMENT OPPORTUNITY • 0.80 Acre Site • 8.5% CAP RATE • 142,000 SF Premier Office Building • Property is located in an Opportunity Zone and TIF District in the heart of downtown Appleton TABLE OF CONTENTS APPLETON CENTER 100 W. Lawrence Street, Appleton, WI INVESTMENT OPPORTUNITY 4 BUILDING INFORMATION 11 DISCLAIMER OPERATIONS 19 The information contained herein was obtained from sources • Tenant Information believed reliable, however, NAI Pfefferle makes no guarantees, COMMUNITY PROFILE warranties, or representations as to the completeness or accuracy • Business and Industry 21 thereof. The presentation of this property is submitted subject to • Living errors, omission, change of price or other conditions, prior sale or lease, or withdrawal without notice. The attached information is proprietary and strictly confidential. It is intended to be reviewed only by the party receiving it from NON-ENDORSEMENT NAI Pfefferle and may not be made available to any other person or entity without the written consent of NAI Pfefferle. This NOTICE information has been prepared to provide summary, unverified information to prospective purchasers. It is not a substitute for a thorough due diligence investigation and is not a prediction of NAI Pfefferle is not affiliated with, future performance. NAI Pfefferle has not made any investigation, sponsored by, or endorsed by any and makes no warranty or representation, with respect to the commercial tenant or lessee identified in income or expenses for the subject property; the future projected this Marketing package. The presence financial performance of the property; the size and square footage of any corporation’s logo or name is not of the property and improvements; the presence or absence of intended to indicate or imply affiliation contaminating substances including, but not limited to, PCBs or with, or sponsorship or endorsement asbestos; the compliance with State and Federal regulations; the by, said corporation of NAI Pfefferle, its physical condition of the improvements thereon; or the financial affiliates or subsidiaries, or any agent, condition or business prospects of any tenant, or any tenant’s plans product, service, or commercial listing of NAI Pfefferle, and is solely included or intentions to continue its occupancy of the subject property. for the purpose of providing Tenant/ The information has been obtained from sources we believe to be lessee information about this listing to reliable; however, NAI Pfefferle has not verified, and will not verify, prospective customers. any of the information contained herein, nor has NAI Pfefferle All property showings are by conducted any investigation regarding these matters and makes appointment only. no warranty or representation whatsoever regarding the accuracy Please consult your NAI Pfefferle agent or completeness of the information provided or any assumptions for more details. made. All potential buyers must take appropriate measures to verify all of the information set forth herein and to consult with a financial adviser and other experts such as an appraiser or CPA. 2 Meet Our Team With more than 45 years in business and offices in Appleton, Green Commercial Real Estate Bay and Wausau, NAI Pfefferle is a full-service commercial real Leaders for 45 Years estate powerhouse. Our 20 licensed advisors and strong support staff specialize in office, retail, industrial, multifamily, land and investment properties. Clients ranging from Fortune 500 companies to small businesses rely on NAI Pfefferle for a wide range of CRE services including site selection & acquisition, leasing & sales, tenant & buyer representation, global corporate services and real estate consulting. We are local market leaders with global reach. NAI Pfefferle is a member of NAI Global – a leading commercial real estate firm with 375+ offices and more than 6,000 local market experts on the ground. We are a one-stop-shop. Pfefferle Management, our sister company, manages over 12 million SF of real estate throughout the state of Wisconsin and works in collaboration with NAI Pfefferle to provide clients with a single-source solution for every phase of occupying or owning a property. John Pfefferle, CEO Mike Pfefferle, President Tom Scheuerman, CPA Patrick Connor, SIOR Amy Pfefferle Oelhafen Greg Landwehr, SIOR Mark Denis, SIOR Arlene Denis Gene Davis Elizabeth Ringgold Tom Fisk Bob Rossi Nick Schmidt Ark Rhowmine John Roberts Adam Figurin Adam Meyers John Evans Our Offices Appleton 200 E. Washington Street, Suite 2A, Appleton, WI 54911 / 920.968.4700 Green Bay 1192 Hansen Road, Suite 201, Green Bay, WI 54304 / 920.884.5000 Wausau Rick Knight, Laurel Marquardt, CPA, Dir. Manny Vasquez, VP - 327 N. 17th Ave nue, Suite 303, Wausau, WI 54401 / 715.261.2922 Corporate Counsel of Business Operations Business Development 920-968-4700 • www.naipfefferle.com NAI Pfefferle, a division of Pfefferle Companies, Inc., is a full-service commercial real estate company, with offices in Appleton, Green Bay and Wausau, Wisconsin. THE PROPERTY APPLETON CENTER 100 W. Lawrence Street, Appleton, WI Investment Opportunity - 142,000 SF Class A Office Building Price: $12,750,000 - 8.5% CAP RATE This offering consists of the following: 1. A high quality 142,000 SF Class A Office Building constructed by Boldt Construction in 1985. 2. The property consists of a 0.8 acre site containing the 142,000 SF office building with 64 underground parking stalls. Services to the site include city sewer and water, telephone, Internet and cable with area fiber optic available, and natural gas. 3. This is a downtown Central Business District setting with easy access to the major 4-lane state, US and interstate highway systems. It is located approximately 6 miles from the Appleton International Airport; serviced by American, Delta and United Airlines. 4. The building has been 85%-95% leased since built in 1985 to various office tenants - see attached Tenant list. APPLETON CENTER ASSOCIATES SUMMARY NOI STATEMENT PROJECTED NOI INCOME RENTAL INCOME $ 1,768,508 PARKING INCOME $ 23,800 TOTAL INCOME $ 1,792,308 EXPENSES OPERATING EXPENSES $ 448,655 RE TAXES $ 186,999 MANAGEMENT FEE $ 52,800 PARKING (LEASE COST) $ 20,412 TOTAL EXPENSES $ 708,866 NET OPERATING INCOME $ 1,083,442 For more information: Mike Pfefferle, President Amy Oelhafen 920.560.5069 • [email protected] 920.560.5009 • [email protected] THE PROPERTY Downtown Appleton APPLETON CENTER 100 W. Lawrence Street, Appleton, WI TIF/Opportunity Zone Map For more information: Mike Pfefferle, President Amy Oelhafen 920.560.5069 • [email protected] 920.560.5009 • [email protected] THE PROPERTY APPLETON CENTER 100 W. Lawrence Street, Appleton, WI For more information: Mike Pfefferle, President Amy Oelhafen 920.560.5069 • [email protected] 5 920.560.5009 • [email protected] THE PROPERTY APPLETON CENTER 100 W. Lawrence Street, Appleton, WI CLICK HERE FOR DOWNTOWN APPLETON DRONE FOOTAGE Amy Oelhafen 920.560.5068 • [email protected] THE PROPERTY APPLETON CENTER 100 W. Lawrence Street, Appleton, WI For more information: Mike Pfefferle, President Amy Oelhafen 920.560.5069 • [email protected] 920.560.5009 • [email protected] THE PROPERTY APPLETON CENTER 100 W. Lawrence Street, Appleton, WI BUILDING FOOTPRINT For more information: Mike Pfefferle, President Amy Oelhafen 920.560.5069 • [email protected] 920.560.5009 • [email protected] THE PROPERTY APPLETON CENTER 100 W. Lawrence Street, Appleton, WI For more information: Mike Pfefferle, President Amy Oelhafen 920.560.5069 • [email protected] 920.560.5009 • [email protected] THE PROPERTY - Property Tax & APPLETON CENTER 100 W. Lawrence Street, Appleton, WI Assessment Information ST nd Parcel #: PAY 1 INSTALLMENT - $ 44,811.93 Parcel #: PAY 2 INSTALLMENT - $ 44,808.00 201 312007200 201 312007200 APPLETON OR APPLETON PAY FULL PAYMENT - $ 179,235.93 DUE BY March 31, 2019 Bill #: Bill #: REMEMBER TO PAY TIMELY 323890 BY Jan 31, 2019 323890 TO AVOID INTEREST PENALTY SEND THIS STUB AND MAKE CHECK PAYABLE TO: SEND THIS STUB AND MAKE CHECK PAYABLE TO: CITY OF APPLETON CITY OF APPLETON FINANCE DEPARTMENT FINANCE DEPARTMENT PO BOX 2519 PO BOX 2519 APPLETON, WI 54912 APPLETON, WI 54912 *TAX323890* *TAX323890* If receipt is needed send a self addressed stamped envelope If receipt is needed send a self addressed stamped envelope Parcel #: PAY 3RD INSTALLMENT - $ 44,808.00 Parcel #: PAY 4TH INSTALLMENT - $ 44,808.00 201 312007200 201 312007200 APPLETON APPLETON DUE BY May 31, 2019 DUE BY July 31, 2019 Bill #: Bill #: REMEMBER TO PAY TIMELY REMEMBER TO PAY TIMELY 323890 TO AVOID INTEREST PENALTY 323890 TO AVOID INTEREST PENALTY SEND THIS STUB AND MAKE CHECK PAYABLE TO: SEND THIS STUB AND MAKE CHECK PAYABLE TO: CITY OF APPLETON CITY OF APPLETON FINANCE DEPARTMENT FINANCE DEPARTMENT PO BOX 2519 PO BOX 2519 APPLETON, WI 54912 APPLETON, WI 54912 *TAX323890* *TAX323890* If receipt is needed send a self addressed stamped envelope. If receipt is needed send a self addressed stamped envelope. FOR INFORMATION PURPOSES ONLY • Voter Approved Temporary Tax Increases Total Additional Total Additional Taxes Year Increase Total Additional Total Additional Taxes Year Increase Taxing Jurisdiction Taxes Applied to Property Ends Taxing Jurisdiction Taxes Applied to Property Ends APPLETON CENTER ASSOCIATES STATE OF WISCONSIN - OUTAGAMIE COUNTY REAL ESTATE TAX BILL FOR 2018 Bill No. 323890 Property Address: