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161 Horizon Dr 10,  Verona,  WI  53593 $615,000 Expired
161 Horizon Dr 10,  Verona,  WI  53593
$615,000
Expired
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 Property Type Business/Commercial
 Parcel # 0608-151-7302-2
 County Dane
 Sub Area D48
 Municipality Verona
 MLS# 1816025
 Listing Date 10/06/2017

MLS Public Remarks  This property is a commercial condominium in a 'flex space' building, located in an economically dynamic area of Verona WI. Condo management takes responsibility for maintenance of grounds, parking lot and building exterior, reducing management responsibilities for investor. Leases are currently in place with 4 tenants to generate revenue of $75K in 2017 and 1 vacant space will produce additional income when leased. Very well maintained property, has one overhead door. The property includes units 10, 11 & 12, Verona Contractors Center I & II Condominium.
LOCATION  
  • Location  City
  • Other Marketing Area  
  • Mailing City  Verona
  • C/T/V  City
  • Unit #  10
  • Directions  Hwy 151 To Verona, Exit To Bus 151 (verona Ave) To Rgt On Horizon Dr.
    • BUILDING DESCRIPTION  
  • Real estate for sale  Yes
  • Business for sale  No
  • For lease only  No
  • Ann. Rent/SqFt  $0
  • Total Units/Bldg  5
  • Building Gross SqFt  6,500
  • Net Leasable SqFt  6,500
  • Year Built  2001
  • Source for Year Built  Othr
  • Approx Bldg Dimen  irreg
  • Street Frontage  0
  • Parking Fees/Mo.  $0
  • Onsite Parking  yes
  • # of Stories  1
  • Ceiling Height Min  8
  • Ceiling Height Max  16
  • Number of Loading Docks  0
  • Zoning  Sub-In
  • Est. Total Acres  4.1
  • Source Of Est Acres  
  • Lot Dimensions  
  • Owner  
  • Tradename  
    • ASSESSMENT & TAXES  
  • Land Assessment  $60,000
  • Assessment Year  0
  • Net Taxes  $13,129
  • Tax Year  2016
  • Improvements  $552,700
  • Total Assessment  $0
    • ANNUAL INCOME/EXPENSES  
  • Income/Expenses Year  $2,016
  • Gross Operating Income  $77,300
  • Annual Operating Exp  $40,140
  • Net Operating Income  $37,160
    • UNIT INFORMATION  
    Unit Lease Type Lease Exp. Date Renewal Option Base Annual Rent Annual Rent/SqFt Other Fees/SqFt Gross SqFt
    1 gross 2019 0 $28,536 $0 $0 0
    2 - 0 0 $0 $0 $0 0
    3 - 0 0 $0 $0 $0 0
    Items Included 
    Items Excluded 
    INTERIOR FEATURES  
  • Heating/Cooling  Forced air
  • Water/Waste  Municipal sewer, Municipal water
  • Basement  
  • Fuel  Natural gas
  • Seating Capacity  
    • EXTERIOR FEATURES  
  • Type   Commercial Condo, Office, Retail, Service, Warehouse
  • Exterior Treatment  
  • Building Parking  Onsite, Paved, Shared
  • Roofing  Other
  • Terms/Option  Other
  • Miscellaneous  
    • OTHER FEATURES  
  • Documents on File  Property Condition Report, Restrictions/Covenants
  • Location  Industrial park
  • Tenant Pays  Janitorial
  • Present Use  Office, Retail, Service, Warehouse
  • Licenses  None
  • Lease Type  Gross
  • Occupied by  
  • Sale Includes  Covenants, Lease(s)
  • Features  Overhead doors, Public rest rooms



    • Above Information Deemed Reliable, But Not Guaranteed

    Listing Courtesy of Helm Commercial Real Estate