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34,651 Sq. Ft. Office Building for Sale or Lease

WITH EASY ACCESS TO INTERSTATE 41 AND HWY 172 GREEN BAY

SPORTS ADVANTAGE CENTER

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CONFIDENTIALITY & DISCLAIMER STATEMENT

This Offering contains specific information relative to the business and affairs of Sports Advantage Center. It has been prepared by Besaw

& Associates Realty, Ltd. This Offering may not be all-inclusive or contain all of the information that a prospective buyer may require. The

information contained in this Offering is confidential and furnished solely for the purpose of a review by a prospective buyer. It is not to be

used for any other purpose or made available to any other person without the written consent of Seller or Besaw & Associates Realty, Ltd.

The material is based in part on the information supplied by the Seller and in part on financial information obtained by reliable sources.

Seller, nor their officers, employees, or agents makes any representation or warranty, express or implied, as to the accuracy or completeness

or this Offering or any of its contents and no legal liability is assumed or shall be implied with respect thereto. Prospective buyers should

make their own projections and form their own conclusions without relying on the material contained herein and conduct their own due

diligence.

By acknowledging your receipt of this Offering, you agree:

1) The Offering and its contents are confidential;

2) You will hold it and treat it in the strictest of confidence;

3) You will not, directly or indirectly, disclose or permit anyone else to disclose this Offering or its contents in any fashion or manner detri-

mental to the interest of the Seller; and

4) By accepting this material, you are not entering into a co-broker relationship with Besaw & Associates Realty, Ltd. or Seller. Neither

Besaw & Associates Realty, Ltd. nor Seller has any obligation to pay a commission to outside brokers unless agreed to via a separate

arrangement

5) The Property and improvements described in this Offering are being offered for sale on an “As Is, Where Is” basis without representa-

tions or warranties.

Seller and Besaw & Associates Realty, Ltd. reserve the right, at their sole discretion, to reject any and all expressions of interest or offers to

purchase the Properties and to terminate discussions with any person or entity reviewing this Offering or making an offer to purchase the

Property unless and until a written agreement for the purchase and sale of the Property has been fully executed and delivered.

If you wish not to pursue negotiations leading to the acquisition of Sports Advantage Center or in the future you discontinue such negotia-

tions, then you agree to purge all materials relating to this Property including this Offering.

A prospective buyer’s sole and exclusive rights with respect to this prospective transaction, the Properties, or information provided herein or

in connection with the sale of the Properties shall be limited to those expressly provided in an executed Purchase Agreement and shall be

subject to the terms thereof. In no event shall a prospective purchaser have any other claims against Seller or Besaw & Associates Realty,

Ltd. or any of their affiliates or any of their respective officers, Directors, shareholders, owners, employees, or agents for any damages, liabil-

ity, or causes of action relating to this solicitation process or the marketing or sale of the Properties.

CONTACT INFORMATION

The sale of this strip center is being exclusively handled by Besaw & Associates Realty, Ltd. All inquiries and tour requests should be di-

rected to the individuals below.

Broker Contact:

Tim Besaw

Owner | Besaw & Associates Realty, Ltd.

920-680-8080 Mobile

920-338-8080 Office

tim@besawrealty.com

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4 EXECUTIVE SUMMARY

7 PROPERTY DESCRIPTION

11 TENANT OVERVIEW

16 AREA OVERVIEW

19 FINANCIAL SUMMARY

TABLE OF CONTENTS

INTEGRITY, PASSION, RESULTS

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INTEGRITY, PASSION, RESULTS

Executive Summary

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INVESTMENT SUMMARY

EXECUTIVE SUMMARY

FINANCIAL HIGHLIGHTS

SIZE…………………………………………… 42,920 Sq. Ft.

YEAR BUILT………………………………. 2009

Y1 NET OPERATING INCOME……. $161,779.12

OCCUPANCY……………………………… 100%

NO. OF TENANTS……………………… Currently 4

ASKING PRICE…………………………. $2,150,000

CURRENT CAP RATE.……………... 7.35%

Besaw & Associates Realty, Ltd. is pleased to present the opportunity to acquire the real estate currently

housing the Sports Advantage Center, a highly visible sports complex located near the Ashwaubenon In-

dustrial Park with easy access on/off Interstate 41 and Hwy 172, Green Bay, Wisconsin. The 42,920 square

foot building was constructed in 2009 and is 100% occupied with strong leases in place for the next 10

years. Sports Advantage Center sits on a 1.988 Acre lot and boasts approximately 62 parking stalls. The

newest area of the Center, 8,000 square feet is air conditioned via an RTU. The remainder of the building

is controlled with Modine units.

< 100% Occupied with 4 tenants.

< Located within the Ashwaubenon Industrial

Park with more than $8 Million Dollars being

spent on membership fees for Social/Recreation

Clubs

< Less than 1 mile from Interstate 41 & High-

way 172 with traffic counts of over 60,000

< Strong tenants with staggered lease expira-

tions for 2025 thru 2027

< Less than 3 miles south of Lambeau Field

< An Average disposable income of $49,834 in

a 5 mile radius

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EXECUTIVE SUMMARY

ASKING PRICE $2,150,000

TERMS The property is being sold on an as-is, where-is

basis, without structural, economic or environment-

al representations or warranties.

SALES COSTS Real estate taxes and other closing costs will be pro-

rated in accordance with customary practice for

real estate transfers in Brown County.

DEBT SERVICE The property is being offered free and clear of

Mortgage financing.

CONTACT INFORMATION

The sale of this sports center is being exclusively handled by Besaw & Associates Realty, Ltd. All inquir-

ies and tour requests should be directed to the individuals below.

Broker Contact:

Tim Besaw

Owner | Besaw & Associates Realty, Ltd.

920-680-8080 Mobile

920-338-8080 Office

tim@besawrealty.com

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INTEGRITY, PASSION, RESULTS

Property Description

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PHYSICAL DESCRIPTION

PROPERTY DESCRIPTION

Building Name & Address

Sports Advantage Center

807 Parkview Road

Green Bay, WI 54304

Rentable Building Area

42,920 Square Feet

Building Type

Sports Complex

Year Built

2009

Site Area

1.988 Acre

Floors

One (1) Floor w/Mezzanine Area (792 sq. ft.)

Occupancy

100% (4 tenants)

Parking

Approximately 64 stalls including multiple handi-

capped spaces

Signage

Pylon and On Building

Construction

Concrete Block / Stud-Metal Siding

Zoning

B-Mercantile

Tax Key Taxes-2018

VA-228-14-K-16 $32,266.00

All Lighting has been updated to LED

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SITE PLAN

PROPERTY DESCRIPTION

Interstate 41

Advantage Sports Center

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LOCATION MAP

PROPERTY DESCRIPTION

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INTEGRITY, PASSION, RESULTS

TENANT OVERVIEW

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TENANTS

TENANT OVERVIEW

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TENANT SUMMARY

TENANT OVERVIEW

Advantage Sports Center is 100% occupied

with 4 tenants. The tenant mix is com-

prised of sports related businesses.

AP Vaulters

1,500 Sq. Ft. | Expires 12/31/2026

Starz Dance Academy

8,000 Sq. Ft. | Expires 03/31/2026

Purdy Performance

16,920 Sq. Ft. | Expires 09/30/2026

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TENANT PROFILES

TENANT OVERVIEW

Sports Advantage Center is a new er

multi-sport facility located on Parkview Road

just blocks south of Lambeau Field. Built in

2009, the center has 3 volleyball courts, one

basketball court, an athletic speed training cen-

ter, and a state-of-the-art gymnastics center

with two full size foam pits.

One Wisconsin Volley Ball Club allow s

for a wide variety of training, open play, posi-

tion work and team practices.

Starz Academy w as founded in 2006

and was the second private gymnastics club in

the Green Bay area. With about 50 athletes

and 3-4 coaches, they moved into the Sports

Advantage Center in January of 2010 and con-

tinue to grow. Offering a multitude of gymnas-

tics training for children.

Purdy Performance

The goal of this club has been and continues to

be to raise the level of soccer in the Green Bay

area to a point it has never been before. The

recent success of local high school teams is evi-

dence they are making a difference. Training

includes team practices, specialty sessions and

full club practices.

One Wisconsin Volley Ball Club

15,137 Sq. Ft. | Expires 09/30/2027

Starz Dance Academy

8,000 Sq. Ft. | Expires 03/31/2026

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RENT OVERVIEW

TENANT OVERVIEW

Tenant

Square

Ft

% of

Bldg.

Annual

Rent

Monthly

Rent Term Type

Turf

Fund

Per Yr

STARZ Gymnastics 8,000 18.64% $27,600.00 $2,300.00 9/30/2026 NNN 2700

AP Vaulters 1,500 3.49% $9,600.00 $800.00 12/31/2026 NNN

PURDY Performance

LLC 16,920 39.42% $65,112.00 $5,426.00 9/30/2026 NNN 3000

One Wisconsin Vol-leyball Club 15,137 35.27% $62,667.18 $5,222.22 9/30/2027 NNN

Total Leased Space 41,557 $161,770.00 $13,255.83

42,920

Gross

Space

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BUILDING PHOTOS

TENANT OVERVIEW

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INTEGRITY, PASSION, RESULTS

AREA OVERVIEW

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GREEN BAY, WISCONSIN

AREA OVERVIEW

Green Bay is the third largest city in Wisconsin. With far more culture, entertainment, and convenience

than you would expect for a town its size, Green Bay is a charming, safe, friendly, and beautiful Wisconsin

town with a population of 104,057 according to a 2010 Census.

Green Bay is an industrial city with several meatpacking plants, paper mills, and a port on Green Bay, an

arm of Lake Michigan known locally as “the Bay of Green Bay”.

Green Bay is a hub of arts, culture and sports entertainment. From Lambeau Field and the Green Bay

Packers, t o performance venues in the Resch Center, Weidner Center and the Meyer Theatre.

Green Bay is known as the “Toilet Paper Capital of the World” because of the prevalence of the paper in-

dustry in the city, which of course, helped Green Bay avoid the worst effects of the Great Depression.

Green Bay has an acclaimed higher education platform. Some of the colleges and universities include:

Bellin College of Nursing, Lakeland College, St. Norbert’s College, Northeast Wisconsin Technical College

and the University of Wisconsin—Green Bay.

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INTEGRITY, PASSION, RESULTS

FINANCIAL SUMMARY

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DEMOGRAPHICS

AREA OVERVIEW

Based on 5-Mile Radius of Property Location

123,245

Population (2016) 51,474

Households (2016)

$66,541

Av. HH Income

POPULATION

2010 Census Population 49,617 119,553

2016 Census Population 50,744 123.245

HOUSEHOLDS

2010 Census Households 19,911 49,676

2016 Census Households 20,569 51,474

AVERAGE HOUSEHOLD INCOME

2016 Average Household Income 74,812 66,541

2021 Estimated Average Household Income 82,252 72,935

RECREATIONAL EXPENDITURE

2016 Membership Fees for Social/Recreational Clubs $3,783,937 $8,231,623

RECREATIONAL EXPENDITURE

2016 Fees for Recreational Lessons $2,390,514 $5,189,527

SPORTS ADVANTAGE CENTER 3 MI. RADIUS 5 MI. RADIUS

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PRO FORMA CASH FLOW

ASSUMPTIONS

Net Rentable Area: 42,920

Vacancy Factor: Current and 100%

REVENUE ASSUMPTIONS

Base Rental Revenue: Rental income is based on current in-place leases, tenant rollover

and projected market leasing assumptions. Renewal options for each tenant have been

factored into the model.

Market Rental Rates: None factored in, as based on tenant 10 year leases.

Lease Terms: Based on existing leases in place.

Expense Reimbursements: All tenants reim burse operating expenses and re-

al estate taxes on a triple net basis.

EXPENSE ASSUMPTIONS

Operating Expenses

Property operating expenses are based on 2016 budget figured provided by Seller.

Real Estate Taxes

Real Estate Taxes are based upon 2018 net real estate taxes, due and payable in 2019.

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ASSET LIST

Description Date Acquired

Storage Shed 2/20/2011

Divider Fence 2/18/2011

Synthetic Turf 12/17/2012

Black Vinyl Fence 12/18/2012

Cabinets 12/23/2009

Carpeting 12/15/2009

Racking 12/26/2009

Shelving 1/25/2010

Concession Stand 4/8/2011

Tables & Chairs for Concession Stand 2/24/2011

Cabinets 12/11/2012

Ice Machine 11/13/2012

Carpet Cleaning Machine 11/12/2012

Sign 1/16/2009

Flag Pole 11/13/2009

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ASSET LIST

Description Date Acquired

Wall Pads and Poles 12/29/2009

42" Flat Screen TV 1/21/2009

42" Flat Screen TV 12/17/2009

Vacuum 12/17/2009

Sign 8/18/2011

Defibrillator 1/6/2011

8 Pole Pads for Gym 5/19/2011

Wall Mounted Backstop System 6/2/2011

Basketball Hoops 6/25/2011

Sign 5/11/2012

Cable/Router 12/27/2012

8' Picnic Table 4/12/2013

Alarm Monitoring System 2/10/2015

Equipment from Synergy Fields 1/1/2016

Field Turf from Synergy Fields 1/1/2016

Field Turf 2/15/2013