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Brian Brisky Represents REIT In $11.7M Sale Of Green Bay Industrial Property
SOLD
$11,700,000
Wisconsin
See Similar DealsIndustrial186,588 SF
Sold 06/12/2024
SOLD
Brian Brisky Represents REIT In $11.7M Sale Of Green Bay Industrial Property
3181 Commodity Lane
See Similar DealsIndustrial186,588 SF
Sold 06/12/2024
Summary
WISCONSIN
Asset Type:Industrial
Price Per Square Foot:$62
Total Square Footage:186,588 SF
Transaction Type:Sale
The $11.7 million sale of a 186,588-square-foot industrial property located at 3181 Commodity Lane in Green Bay, WI, was brokered by Brisky Net Lease. The asset, leased to Advanced Converting Works with 15 years remaining, was represented by Brian Brisky of Brisky Net Lease. The buyer in this transaction remains undisclosed.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $11,700,000
- Square Footage: 186,588
- Price Per Square Foot: $63
- Address: 3181 Commodity Lane
- Market: Green Bay, WI
- Broker: Brian Brisky - Brisky Net Lease
The seller in this deal was a REIT. The industrial property, housing Advanced Converting Works and boasting 15 years left on the lease, attracted the attention of an undisclosed buyer for the substantial sale price of $11.7 million.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$624,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$41,567.63
Cash-on-Cash Return-1.27%
Monthly Debt Service$55,463.97
Annual Debt Service$665,567.63
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