STNL Office with Public Credit and New 5 Year Lease

Green Bay, WI

  • Bldg Size: 86,400
  • Lease Type NNN
  • Cap 9%
  • Land Size 2.5598
  • Price $4,812,000
  • Exp Date 4/30/24
  • Iconic building in great location with a low rent and passive ownership opportunity
  • Critical use facility operating 24 hours a day, 7 days a week, 365 days per year
  • Gannett is the largest US newspaper publisher by circulation (NYSE:GCI)
  • 141 Employees at the property and growing
  • Newsroom, Advertising, and Classifieds occupy office space
  • Circulation space used for sorting and distribution of Gannett's regional and national newspapers
  • Green Bay Press Gazette Building is adjacent to City Hall, Brown County Court House, and State of Wisconsin OfficeBuilding
  • Landlord has renovated HVAC System, Roof, Electrical, Office Spaces and Parking Lots
  • Additional parking income from BrownCounty
  • Green Bay Press Gazette (www.greenbaypressgazette.com) has solely occupied the building for 96years
  • Green Bay Press Gazette is a wholly owned subsidiary of Gannett (www.Gannett.com)
  • Green Bay has exceptional labor force and quality of life
  • Close proximityto GSA Building to be used for the 2020 US Census (also for sale separately)
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