Updated Dec 18, 2024
Tempus Realty Partners Sells 100756 Square Foot Industrial Property In Wausau For $7.8M
$7,800,000
$77/SF
Building Size
100,756 SF
Asset Type
Industrial
Closing
Dec 16, 2024
About this deal
AI
A 100,756-square-foot industrial property was sold in Wausau, Wisconsin for $7.8 million. The asset was acquired by Tempus Realty Partners in March 2023 for $7 million and had been leased to Polywood Shutter Company during the period of ownership for approximately 1.7 years.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $7,800,000
- Sale Date: 12/16/2024
- Seller: Dan Andrews - Tempus Realty Partners
- Price per Square Foot: $77
- Market: Wausau, WI
Dan Andrews represented Tempus Realty Partners in this transaction, which marks the first sale from its Portfolio 5. The property was held for a duration of 1.7 years before the sale and served as a leased space for Polywood Shutter Company.
Players
Market 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
2.03%
Cash-on-Cash
-0.58%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93