Daily Northwestern 12 cap w/ upside

Oshkosh, WI

  • Bldg Size: 57,280
  • Lease Type NNN
  • Cap 12%
  • Land Size 1.01
  • Price $1,605,000
  • Exp Date 6/13/24

•Opportunity Zone Property with Income and Upside (Buy in 2019 before some Op Zone benefits expire)

•37,000 vacant sf suitable for a variety of uses including Office, Retail, Restaurant, and Residential Space

•20,387 SF leased to the Daily Northwestern for the next 4.5 years at 192,600 NNN

•On the National Register of Historic Places

•Renovated in 2019 and all Due Diligence is current

EXP Realty Advisors exclusively presents for lease or sale 226-214 State Street Oshkosh WI, a historic 57,280 square foot office building. The Daily Northwestern, a wholly owned subsidiary of Gannett (NYSE: GCI) currently leases 20,387 sf of the property for the next 4.5 years for $192,600 per year triple net. The balance of the property is vacant and available for lease at $6-$11 PSF. Based on the Daily Northwestern income the property is for sale at a 12 cap. It is on the National Register of Historic Places and is located in a recently established Opportunity Zone in the center of downtown Oshkosh, Wisconsin. This building can be subdivided with separate entrances and is suitable for a variety of uses. The Daily Northwestern lease expires on April 31, 2024 and the rent is flat. There are two 3-year options to renew each with a 15% escalation. For the complete history of the Daily Northwestern click History of Daily Northwestern .

View Brochure (PDF)