Contact Bunbury at 1-877-233-7356 or
[email protected] for more information about this property.

6441 Enterprise Ln,  Madison,  WI  53719 $995,000 Sold
6441 Enterprise Ln,  Madison,  WI  53719
$995,000
Sold
More Photos
 Property Type Business/Commercial
 Parcel # 0708-251-0508-8
 County Dane
 Sub Area W07
 Municipality Madison
 MLS# 1822747
 Listing Date 02/19/2018
 Sold Price $965,000
 Close Date 07/30/2018 12:00 AM

MLS Public Remarks  Multi-tenant office building designed as "incubator" for small businesses and start-ups. Recent upgrades to some mechanicals and lighting, recently re-landscaped. The building has a shared conference room and small break area. This property has a solid history of high occupancy, cash flow and average reported annual NOI of $84000 over the last several years.
LOCATION  
  • Location  City
  • Other Marketing Area  
  • Mailing City  Madison
  • C/T/V  City
  • Unit #  
  • Directions  Mineral Point West To Left On Yellowstone Drive To Left On Enterprise Lane
    • BUILDING DESCRIPTION  
  • Real estate for sale  Yes
  • Business for sale  No
  • For lease only  No
  • Ann. Rent/SqFt  $12
  • Total Units/Bldg  25
  • Building Gross SqFt  19,500
  • Net Leasable SqFt  15,600
  • Year Built  1985
  • Source for Year Built  PubR
  • Approx Bldg Dimen  175X60
  • Street Frontage  155
  • Parking Fees/Mo.  $0
  • Onsite Parking  yes
  • # of Stories  2
  • Ceiling Height Min  8
  • Ceiling Height Max  8
  • Number of Loading Docks  0
  • Zoning  SE
  • Est. Total Acres  0.78
  • Source Of Est Acres  
  • Lot Dimensions  
  • Owner  
  • Tradename  
    • ASSESSMENT & TAXES  
  • Land Assessment  $303,000
  • Assessment Year  0
  • Net Taxes  $17,861
  • Tax Year  2017
  • Improvements  $466,000
  • Total Assessment  $0
    • ANNUAL INCOME/EXPENSES  
  • Income/Expenses Year  $2,016
  • Gross Operating Income  $177,873
  • Annual Operating Exp  $79,765
  • Net Operating Income  $98,108
    • UNIT INFORMATION  
    Unit Lease Type Lease Exp. Date Renewal Option Base Annual Rent Annual Rent/SqFt Other Fees/SqFt Gross SqFt
    1 gross 11/30/19 0 $12,870 $12 $0 1,086
    2 - 0 0 $0 $0 $0 0
    3 - 0 0 $0 $0 $0 0
    Items Included Conference room furniture, decor
    Items Excluded  Furniture, fixtures, equipment and personal property owned by tenants
    INTERIOR FEATURES  
  • Heating/Cooling  Forced air, Heat pump
  • Water/Waste  Municipal sewer, Municipal water
  • Basement  
  • Fuel  Electric, Natural gas
  • Seating Capacity  1-10 persons
    • EXTERIOR FEATURES  
  • Type   Office
  • Exterior Treatment  
  • Building Parking  36-55 spaces, Onsite, Paved
  • Roofing  Composition
  • Terms/Option  
  • Miscellaneous  
    • OTHER FEATURES  
  • Documents on File  P & L statement
  • Location  Business district
  • Tenant Pays  N/A
  • Present Use  Office
  • Licenses  None
  • Lease Type  Gross, Multiple years
  • Occupied by  
  • Sale Includes  Lease(s), Some furniture
  • Features  Shared Restrooms, Shared conference room, Signage available



    • Above Information Deemed Reliable, But Not Guaranteed

    Listing Courtesy of Helm Commercial Real Estate