Listing Courtesy: Realty Executives Cooper Spransy - 608-661-7900
Property Description
Pro Forma NOI of $126,700 with a 9.39% Cap Rate. Based on $171,000 projected annual rent, 5% vacancy, and 22% operating expenses. The 5,500 sqft Sands West building is fully built out and leased to Golden Ferret Golf Sims for $72,000 annually. The 5,500 sqft Sands East building can be divided into four 1,100 sqft units, each with private baths, framing, and finishes included in the purchase price. The property consists of two new commercial buildings totaling 11,000 sqft on 2.41 acres along a high-traffic state highway near KwikTrip, Sand Valley Golf Resort, Lake Arrowhead Golf, and two lakes. Featuring a modern design with large windows and flexible layouts, a large paved parking lot, a shared outdoor space, and infrastructure in place for a future 3rd building. Leasing Available.