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2095 Red Arrow Tr,  Madison,  WI  53711 $315,000 Expired
2095 Red Arrow Tr,  Madison,  WI  53711
$315,000
Expired
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 Property Type Business/Commercial
 Parcel # 0609-052-2320-7
 County Dane
 Sub Area W19
 Municipality Fitchburg
 MLS# 1882315
 Listing Date 04/30/2020

MLS Public Remarks  Commercial building fully leased to day care center. Tenant has been in business here since 2015, pays utilities and basic maintenance. Landlord pays taxes, insurance and is responsible for mechanical systems, roof and structure. The building has a full kitchen, laundry, multiple rest rooms, three phase electric, 2 furnaces & 2 mechanical rooms, business office and multiple classrooms/care rooms. The site has a paved parking lot and two fenced areas used as playgrounds.
LOCATION  
  • Location  City
  • Other Marketing Area  
  • Mailing City  Madison
  • C/T/V  City
  • Unit #  
  • Directions  Located Off Of Verona Road, South Of The Beltline
    • BUILDING DESCRIPTION  
  • Real estate for sale  Yes
  • Business for sale  No
  • For lease only  No
  • Ann. Rent/SqFt  $11
  • Total Units/Bldg  1
  • Building Gross SqFt  3,900
  • Net Leasable SqFt  3,900
  • Year Built  1978
  • Source for Year Built  Othr
  • Approx Bldg Dimen  78 X 50
  • Street Frontage  191
  • Parking Fees/Mo.  $0
  • Onsite Parking  yes
  • # of Stories  1
  • Ceiling Height Min  8
  • Ceiling Height Max  8
  • Number of Loading Docks  0
  • Zoning  RH4
  • Est. Total Acres  0.43
  • Source Of Est Acres  
  • Lot Dimensions  
  • Owner  
  • Tradename  
    • ASSESSMENT & TAXES  
  • Land Assessment  $110,000
  • Assessment Year  0
  • Net Taxes  $6,555
  • Tax Year  2019
  • Improvements  $175,900
  • Total Assessment  $0
    • ANNUAL INCOME/EXPENSES  
  • Income/Expenses Year  $2,018
  • Gross Operating Income  $42,755
  • Annual Operating Exp  $18,343
  • Net Operating Income  $24,412
    • UNIT INFORMATION  
    Unit Lease Type Lease Exp. Date Renewal Option Base Annual Rent Annual Rent/SqFt Other Fees/SqFt Gross SqFt
    1 multi-year 6/31/21 No $42,755 $11 $0 3,900
    2 - 0 0 $0 $0 $0 0
    3 - 0 0 $0 $0 $0 0
    Items Included appliances, some playground equipment
    Items Excluded  furniture, fixtures, equipment, personal property owned by the tenant
    INTERIOR FEATURES  
  • Heating/Cooling  Central air, Forced air
  • Water/Waste  Municipal sewer, Municipal water
  • Basement  Slab/None
  • Fuel  Natural gas
  • Seating Capacity  1-10 persons
    • EXTERIOR FEATURES  
  • Type   Day care
  • Exterior Treatment  
  • Building Parking  11-20 spaces
  • Roofing  Composition
  • Terms/Option  Other
  • Miscellaneous  
    • OTHER FEATURES  
  • Documents on File  Lease(s), Property Condition Report
  • Location  Corner, Free standing
  • Tenant Pays  Air Conditioning, Electric, Heat, Janitorial, Trash Services
  • Present Use  Day care, Service
  • Licenses  None
  • Lease Type  Multiple years, Partial net
  • Occupied by  
  • Sale Includes  Lease(s)
  • Features  3 phase electric



    • Above Information Deemed Reliable, But Not Guaranteed

    Listing Courtesy of Helm Commercial Real Estate