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2702 International Ln,  Madison,  WI  53704 $1,130,000 Sold
2702 International Ln,  Madison,  WI  53704
$1,130,000
Sold
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 Property Type Business/Commercial
 Parcel # 0810-304-0196-3
 County Dane
 Sub Area E06
 Municipality Madison
 MLS# 1874614
 Listing Date 01/08/2020
 Sold Price $1,100,000
 Close Date 03/26/2021 12:00 AM

MLS Public Remarks  Key Commercial Real Estate is pleased to present a stabilized investment opportunity at 2702 International Lane in Madison. This 2 story, 19,888 square foot multi-tenant office building was constructed in 1980 and has undergone extensive renovations in recent years to bring it to stabilization. The property is currently home to thirteen tenants and has an occupancy rate of 100%. The property is situated on a two acre parcel in the Truax Air Business Park. All land in the park is owned by the Dane County Airport so the building is subject to a land lease which extends through September of 2078. The lot offers a beautiful wooded setting with walking paths and ample parking for tenants and customers. The property is located in an Opportunity Zone.
LOCATION  
  • Location  City
  • Other Marketing Area  
  • Mailing City  Madison
  • C/T/V  City
  • Unit #  
  • Directions  Https://Goo.gl/Maps/Apargnjxbpofw5cg9
    • BUILDING DESCRIPTION  
  • Real estate for sale  Yes
  • Business for sale  No
  • For lease only  No
  • Ann. Rent/SqFt  $0
  • Total Units/Bldg  13
  • Building Gross SqFt  19,888
  • Net Leasable SqFt  16,021
  • Year Built  1980
  • Source for Year Built  Othr
  • Approx Bldg Dimen  0
  • Street Frontage  0
  • Parking Fees/Mo.  $0
  • Onsite Parking  Yes
  • # of Stories  2
  • Ceiling Height Min  0
  • Ceiling Height Max  0
  • Number of Loading Docks  0
  • Zoning  SE
  • Est. Total Acres  1.97
  • Source Of Est Acres  Othr
  • Lot Dimensions  
  • Owner  
  • Tradename  
    • ASSESSMENT & TAXES  
  • Land Assessment  $0
  • Assessment Year  2019
  • Net Taxes  $10,300
  • Tax Year  2017
  • Improvements  $462,200
  • Total Assessment  $462,200
    • ANNUAL INCOME/EXPENSES  
  • Income/Expenses Year  $2,018
  • Gross Operating Income  $211,200
  • Annual Operating Exp  $119,900
  • Net Operating Income  $91,300
    • UNIT INFORMATION  
    Unit Lease Type Lease Exp. Date Renewal Option Base Annual Rent Annual Rent/SqFt Other Fees/SqFt Gross SqFt
    1 Gross 7/31/2014 Yes $0 $0 $0 1,801
    2 - 0 0 $0 $0 $0 0
    3 - 0 0 $0 $0 $0 0
    Items Included 
    Items Excluded 
    INTERIOR FEATURES  
  • Heating/Cooling  Other
  • Water/Waste  Municipal sewer, Municipal water
  • Basement  
  • Fuel  N/A
  • Seating Capacity  
    • EXTERIOR FEATURES  
  • Type   Office
  • Exterior Treatment  
  • Building Parking  Offsite, Paved
  • Roofing  Tile/Concrete
  • Terms/Option  
  • Miscellaneous  
    • OTHER FEATURES  
  • Documents on File  
  • Location  Free standing
  • Tenant Pays  N/A
  • Present Use  Office
  • Licenses  
  • Lease Type  Gross
  • Occupied by  
  • Sale Includes  N/A
  • Features  



    • Above Information Deemed Reliable, But Not Guaranteed

    Listing Courtesy of Key Commercial Real Estate, Llc