1718 Layard Ave-Sale Lease Back — Sale in Racine, WI

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Industrial Property
  • Location: Racine, WI 53404
  • Year built: 1925

Investment Figures

Cap rate
9.45%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

Marcus & Millichap, as exclusive advisor, is pleased to offer for sale an industrial property as a single tenant triple-net lease property in Racine, Wisconsin. The property is located at 1718 Layard and consists of multiple buildings on one site totaling approximately 60,000 square feet and sits on approximately four and a half acres. This is a unique opportunity to own a single tenant triple-net lease facility at a strong cap rate that allows for rare outdoor storage and multi-tenant capabilities fi the new owner desires to do so. New five year lease to be executed at closing. Investment Highlights: • Single Tenant Industrial Opportunity with New Five Year Triple-Net Lease Executed at Closing • 60,000-Square-Foot Industrial Property with Interior Docks and Secured Outside Storage • Large Lot that Allows for Outside Storage

Market Context

This industrial in Racine, WI is listed for sale. It is offered at an approximate 9.4% capitalization rate, a key benchmark for income-producing industrial assets. The building dates to 1925. It has been on the market for 100 days. Compare it against other industrial listings for sale in Racine, WI — view the full market.

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