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3181 Commodity Lane

Brian Brisky Represents REIT In $11.7M Sale Of Green Bay Industrial Property
SOLDIndustrial

Brian Brisky Represents REIT In $11.7M Sale Of Green Bay Industrial Property

3181 Commodity Lane

$11,700,000

$62/SF

Building Size

186,588 SF

Asset Type

Industrial

Closing

Jun 12, 2024

AI

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.

Players

Brian Brisky

Brisky Net Lease

Broker

$65M

vol

6 deals

Broker

Green Bay Industrial Market Snapshot

Boundary boundary · Industrial · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.36%

Cash-on-Cash

-0.39%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93