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435 E Walnut St
Green Bay, WI 54301 Downtown Green Bay

$5,018,267

Office For Sale  •  86,400 Sq Ft

Property Details

  • Property Type Office
  • Total Building Size 86,400 Sq Ft
  • Lot Size 1.21 ac
  • Building Class B
  • Year Built 1930
  • Cap Rate 8.60 %
  • Tenancy Single
  • Zoning D2
44 Transit Score
84 Walk Score

Description

EXP Realty Advisors exclusively presents for sale the Green Bay Press Gazette building located in Green Bay Wisconsin. Tenant reimburses all operating expense and seller will retain property management, at buyer’s option, for the management fee paid by tenant. Gannett currently has 141 employees at the property and is in the process of adding more for its dynamic digital and print regional classified advertisement division. Gannett reaches millions of people every week through a vast portfolio of digital mobile and print products across their extensive family of brands. In addition, ReachLocal is an outstanding digital marketing company focused on helping small and medium-sized businesses grow. Furthermore, to USA Today, Gannett publishes 105 Publications in the United States as well as many in the United Kingdom.

The property is conveniently located next to The City Hall of Green Bay. It is within a block or two of Brown County Office Building, Brown County Courthouse, State of Wisconsin District Office Building and United States Post Office. The Landlord leases out additional parking spaces to the Brown County employees on a month-to-month basis. The Landlord has renovated the subject parking lots in 2018. The property is near 533 East Walnut which is also for sale ($1,570,165 9.5% Cap).

In the interior of the Green Bay Press Gazette Building the office space was renovated with new carpet and paint as well as improved technology infrastructure. Office Spaces has been upgraded with LED lighting. On the exterior, the Landlord has improved the roof structure with a Centimark roof renovation, tuckpointing the building masonry, and painting of the building. A new 5-year roof warranty from Centimark is in place.

Highlights

Located next to The City Hall of Green Bay
Within a few blocks from Brown County Courthouse, State of Wisconsin District Office Building and United States Post Office

Property Flyers

Cap Rate: 8.60 %

Major Tenants

Tenant SF Occupied Lease End Date
Gazette Green Bay Press 86,400 SF 4/30/2024

Amenities

  • 24 Hour Access
  • Bus Line

Public Transportation

AirportDriveWalkDistance
Austin Straubel International Airport 21 min - 9.3 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 151
Type: Surface
Included in Rent: Yes
Robert James 212-686-0072 EXP Realty Advisors
Robert James 212-686-0072 EXP Realty Advisors