SOLD: 4539 Woodgate Dr

Bill Mears represented the seller and Kurt Egan represented the buyer in the sale of this office investment property for $375,000. What a great way to start the new year!

#FeaturedListingFriday - 51 S Jackson St

Office Space for Lease or Sale - 51 S Jackson St, Janesville, WI

Well-maintained historic building in Janesville's downtown. Approximately 5,200 SF of finished space that includes eight (8) private offices, a large receptionist area, conference room, and three (3) bathrooms. Lease rate is $2,750 per month, modified gross. Sale price is $240,000.

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THE AMERICAN MALL – A DYING BREED?

Everywhere I look I see headlines proclaiming that malls are “out.” CBS News reports, a dying breed: The American shopping mall, Business Insider reads, America’s Shopping Malls Are Dying a Slow, Ugly Death, Bloomberg says, Malled: The Hollowing Out of an American Institution and the New Yorker delivers, Goodbye, Malls of America, Are Malls Over? These headlines are alarming especially considering the recent news of the Janesville Mall JC Penney store closing and the Diamond Center relocation. What headline will appear next in our local newspaper? Luckily it’s all been good so far.

Self-Storage: The New Investment Darling

“Maybe we should rent a mini warehouse.” My wife makes this statement every fall as we put away our lawn furniture. My response years ago should have been “No, let’s buy some!”

A recent Globe Street column by Brian J. Rogal of M J Partners, a Chicago-based firm, reports that the largest self-storage REIT now has an implied cap rate of 4.0%. Competitor REIT cap rates are ranging from 4.5% to 5.7%.

Courtesy of A+ Self Storage