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2776 S Syene Rd,  Fitchburg,  WI  53711 $766,000 Expired
2776 S Syene Rd,  Fitchburg,  WI  53711
$766,000
Expired
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 Property Type Business/Commercial
 Parcel # 0609-114-8730-4
 County Dane
 Sub Area W19
 Municipality Fitchburg
 MLS# 1866049
 Listing Date 08/15/2019

MLS Public Remarks  17,600 sq ft bldg with 10 bay block warehouse on a 1.21 acre lot. This multi-tenant building features many long term tenants and no vacancies for the last 3 years. One tenant has been there 28 years. Most of the tenants are in auto related services. This building is separately metered & each bay has a small office. There are 10 bathrooms in the building. Owner is responsible for water only. This is a real cash cow and it is also in a rapidly developing area. Current owner is very hands on and does all the maintenance & snow removal. Property is priced around a very desirable 9 cap rate. Low maintenance building.
Documents and Related Links  
1) RECR
LOCATION  
  • Location  City
  • Other Marketing Area  
  • Mailing City  Fitchburg
  • C/T/V  City
  • Unit #  
  • Directions  South On Fish Hatchery Road To East On Lacy Road To North On Syene Road
    • BUILDING DESCRIPTION  
  • Real estate for sale  Yes
  • Business for sale  No
  • For lease only  No
  • Ann. Rent/SqFt  $22
  • Total Units/Bldg  10
  • Building Gross SqFt  17,600
  • Net Leasable SqFt  17,600
  • Year Built  1976
  • Source for Year Built  Appr
  • Approx Bldg Dimen  17600
  • Street Frontage  75
  • Parking Fees/Mo.  $0
  • Onsite Parking  Varies
  • # of Stories  1
  • Ceiling Height Min  15
  • Ceiling Height Max  40
  • Number of Loading Docks  0
  • Zoning  BH
  • Est. Total Acres  1.21
  • Source Of Est Acres  
  • Lot Dimensions  
  • Owner  
  • Tradename  
    • ASSESSMENT & TAXES  
  • Land Assessment  $250,000
  • Assessment Year  0
  • Net Taxes  $9,816
  • Tax Year  2018
  • Improvements  $200,000
  • Total Assessment  $0
    • ANNUAL INCOME/EXPENSES  
  • Income/Expenses Year  $2,018
  • Gross Operating Income  $90,420
  • Annual Operating Exp  $20,908
  • Net Operating Income  $69,512
    • UNIT INFORMATION  
    Unit Lease Type Lease Exp. Date Renewal Option Base Annual Rent Annual Rent/SqFt Other Fees/SqFt Gross SqFt
    1 2 Year June 2021 Yes $10,800 $22 $0 500
    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 water
  • Basement  Slab/None
  • Fuel  Natural gas
  • Seating Capacity  
    • EXTERIOR FEATURES  
  • Type   Industrial, Warehouse
  • Exterior Treatment  
  • Building Parking  Onsite
  • Roofing  Metal
  • Terms/Option  Other
  • Miscellaneous  
    • OTHER FEATURES  
  • Documents on File  Lease(s)
  • Location  Industrial park, Near Major Highway
  • Tenant Pays  Electric, Heat
  • Present Use  Automotive, Industrial, Service, Warehouse
  • Licenses  None
  • Lease Type  Annual, Multiple years
  • Occupied by  
  • Sale Includes  Lease(s)
  • Features  Overhead doors, Shared Restrooms



    • Above Information Deemed Reliable, But Not Guaranteed

    Listing Courtesy of The Investment House