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320 N Broadway
Green Bay, WI 54303 Fort Howard

$8,450,000

Office For Sale  •  63,925 Sq Ft

Property Details

  • Property Type Office
  • Total Building Size 63,925 Sq Ft
  • Lot Size 1.53 ac
  • Building Class B
  • Year Built 1917
  • Cap Rate 7.64 %
  • Zoning Commercial
39 Transit Score
87 Walk Score

Description

Marcus & Millichap is pleased to present for sale Green Bay Rail Yard District Building, a fully occupied multi-tenant office building, located in the city of Green Bay, Wisconsin. The property is comprised of a 63,925-square foot building and was completely renovated in 2015. Green Bay Rail Yard Innovation District Building is currently occupied by two major tenants who are in the restaurant business, and there are seven other tenants who also occupy office space in the building. Both eateries have recently undergone extensive improvements, the entirety of which will ensure to its investor that the property will operate at full capacity both now and in the future. In addition to building renovations, the property is situated in a prime location in Downtown Green Bay. It is approximately 3 miles from the famous Lambeau Field, and its proximity to Green Bay’s famous stadium allows for Packers fans to gather at both restaurants before, during, and after games. Downtown Green Bay is also home to the unique backdrop of the Rail Yard Innovation District, which is a dense, urban, walkable development that is comprised of 22 acres. The development contains local eateries, commercial and retail spaces, and a variety of living options. The area is overall focused on innovation and technology, creating for a high energy environment that is perfect for businesses as well as for customers who spend time in the area.

Property Flyers

Financial Summary (Actual)

Net Operating Income: $639,842 (2018)
Cap Rate: 7.64 %
Total Expenses: $231,318

Public Transportation

AirportDriveWalkDistance
Austin Straubel International Airport 22 min - 8.6 mi
Alex Mobin 949-419-3276 Marcus & Millichap
Alex Mobin 949-419-3276 Marcus & Millichap