Investment Highlights
- Multi-Tenant Flex Building Built in 1999
- Red Bull Just Moved in on a Five Year Lease Taking Up 16% GLA & Expanded Shortly After Adding 3,294 Additional Square Feet (25% GLA Total)
- Great Location Off Hwy 12 & Interstate 94
- Multi-Tenant Flex Space Currently 82.3% Occupied With Upside in Lease Up
- Mix of Office (68%) & Industrial Space (32%)
- Five-Year Average Submarket Vacancy Less Than 10% - Currently 3%
- Multiple Tenants Have Expanded Their Space & Extended Their Leases
2510 Alpine Road is a multi-tenant flex building with seven tenants, with most space built out as office. Currently leasing space are Lorman Business Center, Straight Forward, JD Sales, Professional Control Corp., Tradesmen International, Red Bull and M&T International. All tenants leases are structured as gross leases, with the exception of Red Bull who operates on a triple-net basis. Landlord is responsible for all expenses except for Red Bull’s reimbursement of NNN charges.
Multiple tenants have expanded their initial spaces and have extended their lease terms.
There are three vacancies remaining in the building, two suites built-out as office space and one complete warehouse space.
Eau Claire is the principal city of the Eau Claire, Wisconsin Metropolitan Statistical Area. Eau Claire 92 miles is east of Minneapolis, MN.