Rail Served Manufacturing Facility

Colliers is pleased to present the opportunity to acquire this single-tenant net leased industrial property located at 800 Midway Rd, Menasha, Wisconsin. The property was previously owned and operated by RR Donnelly, LSC Communications and, most recently Lakeside Books. As of January 1st, 2025, the property will be fully leased by Capitol Warehousing – a warehousing services and third-party logistics provider with locations across Wisconsin and Illinois.

The building is a sprawling 550,000 square feet and is prominently located off U.S.-10 on 43 acres of land. The building features include clear heights of 15’ to 25’, 15 dock-high doors, 4 grade-level doors, and an active rail spur with Canadian National.

Beginning January 1, 2025, Capitol Warehousing will be occupying the entire property on a 10-year triple-net lease at below market rents of $3.40/NNN with 2.0% annual rent escalations. The lease allows for one 5-year renewal option at Fair Market Value.

Menasha is adjacent to Appleton and located in Winnebago County in the Fox Cities Region. As one of the largest and fastest growing urban centers in Wisconsin, the Fox Cities Region boasts a low 2.3% unemployment rate, a growing population with a large labor force and low cost of doing business.

Highlights

• Prominently located on U.S.-10 and WI-441
• Active rail service provided by Canadian National
• 15 dock doors, 4 drive-ins (docks located on each side of building)
• 10-year lease term, one 5-year renewal at FMV
• Below market rental rate at $3.40/NNN with 2% annual escalations
• Strong labor market with a low unemployment rate of 2.3%