Park Place Holdings acquired a three-story 23,500 SF office building in De Pere, WI for $1.92M. We immediately sold the rooftop as a easement to a cell company $.5M instant equity and the property is currently valued at $2.25M.
We purchased the property as a long-term hold for its excellent location surrounded by the city’s vibrant downtown business district, St. Norbert’s College, and highly desirable residential areas. The asset is 100% occupied and we have future plans to create additional lease-able space in the basement. The overall quality and attractiveness combined with an abundance of nearby amenities creates an investment of highly predictable cash flow and certainty in value appreciation.