Updated Dec 4, 2024
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
About this deal
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.
On the Map
$11,700,000
$62/SF
Industrial
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Players
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