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1
34,651 Sq. Ft. Office Building for Sale or Lease
WITH EASY ACCESS TO INTERSTATE 41 AND HWY 172 GREEN BAY
SPORTS ADVANTAGE CENTER
2
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
3
4 EXECUTIVE SUMMARY
7 PROPERTY DESCRIPTION
11 TENANT OVERVIEW
16 AREA OVERVIEW
19 FINANCIAL SUMMARY
TABLE OF CONTENTS
INTEGRITY, PASSION, RESULTS
4
INTEGRITY, PASSION, RESULTS
Executive Summary
5
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
6
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
7
INTEGRITY, PASSION, RESULTS
Property Description
8
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
9
SITE PLAN
PROPERTY DESCRIPTION
Interstate 41
Advantage Sports Center
10
LOCATION MAP
PROPERTY DESCRIPTION
11
INTEGRITY, PASSION, RESULTS
TENANT OVERVIEW
12
TENANTS
TENANT OVERVIEW
13
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
14
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
15
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
16
BUILDING PHOTOS
TENANT OVERVIEW
17
INTEGRITY, PASSION, RESULTS
AREA OVERVIEW
18
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.
19
INTEGRITY, PASSION, RESULTS
FINANCIAL SUMMARY
20
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
21
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.
22
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
23
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