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654 Armour Rd
Oconomowoc, WI 53066

Industrial Property For Sale

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Executive Summary

Rare 16,236 SF Industrial Property near downtown Oconomowoc with easy access to WI-67 Bypass. Property is single tenant with 7.5 year remaining. Property has a new roof in 2022 and well maintained mechanicals. Building has the ability to be divisible to a multi-tenant facility and had 5 overhead doors. Tenant is responsible for 33% of property taxes in 2024, 66% in 2025 and 100% in 2026 through the remainder of the lease.

PROPERTY FACTS Under Contract

Sale Type	Investment	Rentable Building Area	16,236 SF
Net Initial Yield	6.64%	Number of Floors	1
Property Type	Industrial	Year Built	2007
Property Subtype	Manufacturing Industrial Distribution Industrial Service	Parking Ratio	0.92/1,000 SF
Building Class	B	Level Access Doors	5
Lot Size	1.07 AC

Sale Type	Investment
Net Initial Yield	6.64%
Property Type	Industrial
Property Subtype	Manufacturing Industrial Distribution Industrial Service
Building Class	B
Lot Size	1.07 AC
Rentable Building Area	16,236 SF
Number of Floors	1
Year Built	2007
Parking Ratio	0.92/1,000 SF
Level Access Doors	5

Amenities

Floor Drains

Storage Space

Air Conditioning

Lighting - Fluorescent
Gas
Heating - Gas

PROPERTY TAXES

Parcel Number	OCOC-0589-121-006	Improvements Assessment	£725,061
Land Assessment	£65,367	Total Assessment	£790,429

PROPERTY TAXES

Parcel Number

OCOC-0589-121-006

Land Assessment

£65,367

Improvements Assessment

£725,061

Total Assessment

£790,429

zoning

Zoning Code	UI
UI

Listing ID: 33246608
Date on Market: 20/09/2024
Last Updated:
Address: 654 Armour Rd, Oconomowoc, WI 53066

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