Specialty Real Estate
1150 Springhurst Drive Green Bay, WI 54304
Details & Description
Price: $2,100,000
    We are pleased to exclusively offer for sale Executive Center II, a two-story office asset within the Greater Green Bay Area. Built in 1989 and professionally maintained since development, the asset spans 32,710 square feet on a 4.4-acre lot. The complex has a great mix of back office and educational tenants with limited surrounding competition and high barriers to entry. The investment has a 71% occupancy effective Jan 1, 2021, with multiple long-term tenants. Additional value can be created by leasing the four vacant spaces which are all functional and in great condition. The asset is located in an office corridor with many retail amenities in close proximity. This corridor is home to employers Prevea Health, Shopko Stores, and Ameriprise Auto & Home Insurance. The asset’s surrounding area has continued to grow with significant investments in housing and hospitality, diversifying the area’s industries.1 of 2Gallery (2)View MapStreet ViewInvestment HighlightsValue add potential through lease up.Credit tenants.Well-located.Large national and regional tenants at the property include NCS Pearson, GRAEF, Concordia University, and Walgreens (dark).One tenant leasing 19% of the asset, GRAEF, has been in the property since 1992.Offered below replacement cost.
    Property ID:    192147
    Property URL: melqr.com/192147
    Generated:    04-20-24
    Listing Agents
    Peter Bauman

    O: 602-687-6685
    M: 602-370-6020
    peter.bauman@marcusmillichap.com
    While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.
    Wisconsin / Green Bay / 54304 / 1150 Springhurst Drive

    1150 Springhurst Drive

    Green Bay, WI 54304

    Listing ID: 192147
    Print Single-Page Version
    1150 Springhurst Drive Green Bay, WI 54304 | for Sale | Photo 1
    Building Size: 31,975 SF
    Lot Size: 4.400 AC
    Land Size: 191,664 SF
    Building $/SF: $65.68
    Land $/SF: $10.96
    Price
    $2,100,000
    Description

    We are pleased to exclusively offer for sale Executive Center II, a two-story office asset within the Greater Green Bay Area. Built in 1989 and professionally maintained since development, the asset spans 32,710 square feet on a 4.4-acre lot. The complex has a great mix of back office and educational tenants with limited surrounding competition and high barriers to entry. The investment has a 71% occupancy effective Jan 1, 2021, with multiple long-term tenants. Additional value can be created by leasing the four vacant spaces which are all functional and in great condition. The asset is located in an office corridor with many retail amenities in close proximity. This corridor is home to employers Prevea Health, Shopko Stores, and Ameriprise Auto & Home Insurance. The asset’s surrounding area has continued to grow with significant investments in housing and hospitality, diversifying the area’s industries.

    1 of 2

    Gallery (2)

    View Map

    Street View

    Investment Highlights

    Value add potential through lease up.

    Credit tenants.

    Well-located.

    Large national and regional tenants at the property include NCS Pearson, GRAEF, Concordia University, and Walgreens (dark).

    One tenant leasing 19% of the asset, GRAEF, has been in the property since 1992.

    Offered below replacement cost.

    Points of Interest & Demographic Radii

    Points of Interest
    Demographic Radii
    POIs provided for entertainment purposes only. Data comes from multiple data sources as well as users and agents. MyEListing makes no claims whatsoever as to the accurancy and/or completeness.
     
    Green Bay History of Specialty Real Estate for Sale

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    Green Bay Area Market Trends

    Listing Demographics for 1150 Springhurst Drive Green Bay, WI 54304

    All information based on the most recently available data (updated annually) and is provided in 1-mile, 3-mile, and 5-mile radii (radiuses) of the property location.

    1-Mile 3-Miles 5-Miles
    Total Population4,94948,367126,615
    Population Median Age394038
    Population by Age0-9 Yrs597 (12%)5608 (11%)16387 (12%)
    10-19 Yrs572 (11%)5805 (12%)16132 (12%)
    20-29 Yrs699 (14%)6661 (13%)17725 (13%)
    30-39 Yrs685 (13%)6495 (13%)17683 (13%)
    40-49 Yrs499 (10%)5617 (11%)15309 (12%)
    50-59 Yrs800 (16%)6864 (14%)17313 (13%)
    60-69 Yrs610 (12%)5680 (11%)13384 (10%)
    70+ Yrs488 (9%)5637 (11%)12684 (10%)
    Median HH Income$51,124$59,775$54,109
    Total Household Income< 24K447 (19%)3337 (16%)10722 (20%)
    25-49K659 (29%)4976 (24%)13717 (26%)
    50-74K422 (18%)4062 (20%)9957 (18%)
    75-99K285 (12%)3165 (15%)7704 (14%)
    100-199K382 (16%)3833 (19%)8629 (16%)
    200K+65 (2%)797 (3%)1813 (3%)
    Highest Education LevelNo Diploma23023977442
    Diploma or GED959980225360
    Some College773677417425
    Assoc. Degree628466211288
    Bachelors Degree620716317259
    Higher Degree27929146968
    Total Housing Units2,30721,01055,326
    --Owner-Occupied1,09213,54832,278
    --Renter-Occupied1,1686,62320,265
    Owner-Occupied Values< 100K6419246177
    100-199K725850818660
    200-299K23622045090
    300-399K364611115
    400-499K28283590
    500K+2169646
    Total Working Age Population4,02539,567100,747
    In Work Force2,80226,06467,532
    Not In Work Force1,22313,50233,215
    Workforce Employed2,64625,09865,062
    Workforce Unemployed1579662,449
    Civlian Workforce2,80226,06467,511
    Military Workforce0121
    Total Households2,26020,17152,543
    Family Households1,31212,42831,376
    Non-Family Households9487,74321,167
    Married Couple1,0119,72523,415
    Other Family3012,7037,961
    Married w/Child3213,4459,304
    Single Male w/Child536151,622
    Single Female w/Child1411,0563,598

    Population Change Last Two Decades - Plus Projection

    2000%2010%2020%2030
    Wisconsin5,363,675+65,686,986+66,005,080+66,375,910
    Brown County226,778+9248,007+9270,720+11299,540

    Total Working Age Population:

    Total Households:

    Total Working Age Population:

    Total Households:

    Total Working Age Population:

    Total Households:

    No part of this information may be copied, reproduced, repurposed, or screen-captured for any commercial purpose without prior written authorization from MyEListing.

    While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

    Common Questions and Answers

    What is the asking price for 1150 Springhurst Drive in Green Bay?
    The asking price for 1150 Springhurst Drive is $2,100,000
    What is the building size of this Specialty property in Green Bay, WI?
    The size of the building/unit at 1150 Springhurst Drive in Green Bay is 31,975 square feet
    How much land does the Green Bay, WI property at 1150 Springhurst Drive include?
    1150 Springhurst Drive in Green Bay includes 4.400 acres of land
    What kind of Specialty is the propery at 1150 Springhurst Drive?
    The property at 1150 Springhurst Drive Green Bay, WI 54304 is listed as a Education/Day Care Specialty property
    What is the population within 1 mile of 1150 Springhurst Drive in Green Bay?
    The population within 1 mile of 1150 Springhurst Drive Green Bay, WI 54304 is 4,949 people.
    Who do I contact for questions about 1150 Springhurst Drive?
    You should contact the listing agent, Peter Bauman, for any details regarding this commercial listing.

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    Closest Commercial Airports

    Airport Distance (mi)
    Austin Straubel International Airport (GRB) 2
    General Mitchell International Airport (MKE) 106
    Dane County Regional Truax Field (MSN) 112
    Price
    $2,100,000
    Listing Agent
    Peter Bauman - CRE Agent at

    Peter Bauman

    Marcus & Millichap

    VIEW AGENT PROFILE

    CONTACT AGENT

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