505 Willow Dr, Spencer, WI 54479
67,500 SF | Industrial Building | Spencer, WI 54479 | $2,611,500 ($39/SF) | 9% Cap Rate
For Sale
Active
Asking Price $2,611,500
- Property Type
-
Industrial
- Price / Square Foot
- $39
Listing Contacts
- Property Info
Property Overview
Colliers is pleased to present an exceptional, fully leased food-grade industrial property located in Spencer, WI. This 67,500 SF warehouse,
situated on 36.33 acres, is leased to Grassland Dairy and Casper Construction. Grassland Dairy recently extended their lease through 5/31/28, demonstrating a strong commitment to this location, which is mission-critical to their operations headquartered just west in Greenwood, WI. They are also only .5 miles away from one of their largest customers, Land O’ Lakes. Since acquiring the property, ownership has invested over $830k to ensure the warehouse meets Grassland’s food-grade storage requirements for years to come. Key building improvements are detailed below.
Completely new Roof/gutters/downspouts (20-year warranty)
• Motion sensor LED lighting system installed – full interior/exterior
• New Trane RTU units
• Paint – full exterior/interior walls, perimeter line painting
• New Dock levelers/aqua-shield seals, concrete work
• Added Electrical/wiring to truck restraints/docks
• Floor crack sealing
• Exterior seal work/patching/ceiling tile replacement
• Suda Plumbing drainage project
• Numerous smaller touch ups and repairs
situated on 36.33 acres, is leased to Grassland Dairy and Casper Construction. Grassland Dairy recently extended their lease through 5/31/28, demonstrating a strong commitment to this location, which is mission-critical to their operations headquartered just west in Greenwood, WI. They are also only .5 miles away from one of their largest customers, Land O’ Lakes. Since acquiring the property, ownership has invested over $830k to ensure the warehouse meets Grassland’s food-grade storage requirements for years to come. Key building improvements are detailed below.
Completely new Roof/gutters/downspouts (20-year warranty)
• Motion sensor LED lighting system installed – full interior/exterior
• New Trane RTU units
• Paint – full exterior/interior walls, perimeter line painting
• New Dock levelers/aqua-shield seals, concrete work
• Added Electrical/wiring to truck restraints/docks
• Floor crack sealing
• Exterior seal work/patching/ceiling tile replacement
• Suda Plumbing drainage project
• Numerous smaller touch ups and repairs
Property Details
- Class
- C
- Year Built/Renovated
- 1963/2022
- Stories
- 1
- Property Subtype
- Distribution
- Lot Size (sq. ft)
- 1,582,535 SF
Highlights
- Total improvements completed by Landlord since acquiring the facility in 2022: $830,228.50.
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