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2148 W Beltline Hwy,  Madison,  WI  53713 $3,195,000 Expired
2148 W Beltline Hwy,  Madison,  WI  53713
$3,195,000
Expired
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 Property Type Business/Commercial
 Parcel # 070934307038
 County Dane
 Sub Area W17
 Municipality Madison
 MLS# 1886606
 Listing Date 06/24/2020

MLS Public Remarks  Single tenant investment property for sale. The building is 31,033 sq.ft. with onsite parking, one loading dock in back, 24ft ceilings and has been occupied by Pet World since 1994. Total lot size is 79,000 sq.ft. (1.81 acres) The annual base rent income is at $258,000 with a NNN lease that expires on 12/31/2024 (Tenant has renewal option). Easy to manage with a long term tenant.
Documents and Related Links  
* 2 Documents Not Available via MLS
LOCATION  
  • Location  Town
  • Other Marketing Area  
  • Mailing City  Madison
  • C/T/V  Town
  • Unit #  
  • Directions  W. Beltline Hwy
    • BUILDING DESCRIPTION  
  • Real estate for sale  Yes
  • Business for sale  No
  • For lease only  No
  • Ann. Rent/SqFt  $8
  • Total Units/Bldg  1
  • Building Gross SqFt  31,033
  • Net Leasable SqFt  31,033
  • Year Built  1994
  • Source for Year Built  PubR
  • Approx Bldg Dimen  0
  • Street Frontage  0
  • Parking Fees/Mo.  $0
  • Onsite Parking  yes
  • # of Stories  1
  • Ceiling Height Min  18
  • Ceiling Height Max  24
  • Number of Loading Docks  1
  • Zoning  CC
  • Est. Total Acres  1.81
  • Source Of Est Acres  PubR
  • Lot Dimensions  
  • Owner  
  • Tradename  
    • ASSESSMENT & TAXES  
  • Land Assessment  $435,000
  • Assessment Year  2020
  • Net Taxes  $49,059
  • Tax Year  2019
  • Improvements  $1,743,500
  • Total Assessment  $2,178,500
    • ANNUAL INCOME/EXPENSES  
  • Income/Expenses Year  $2,020
  • Gross Operating Income  $307,200
  • Annual Operating Exp  $0
  • Net Operating Income  $0
    • UNIT INFORMATION  
    Unit Lease Type Lease Exp. Date Renewal Option Base Annual Rent Annual Rent/SqFt Other Fees/SqFt Gross SqFt
    1 NNN 12/31/2024 Yes $21,500 $8 $0 31,033
    2 - 0 0 $0 $0 $0 0
    3 - 0 0 $0 $0 $0 0
    Items Included 
    Items Excluded  tenants personal property
    INTERIOR FEATURES  
  • Heating/Cooling  Central air
  • Water/Waste  Municipal sewer, Municipal water
  • Basement  Slab/None
  • Fuel  Natural gas
  • Seating Capacity  
    • EXTERIOR FEATURES  
  • Type   Retail
  • Exterior Treatment  
  • Building Parking  Onsite
  • Roofing  All flat, Rubber/membrane
  • Terms/Option  
  • Miscellaneous  
    • OTHER FEATURES  
  • Documents on File  Property Condition Report, Restrictions/Covenants
  • Location  Business district, Free standing, Near Major Highway, Other
  • Tenant Pays  All expenses
  • Present Use  Retail, Warehouse
  • Licenses  
  • Lease Type  Triple net
  • Occupied by  
  • Sale Includes  Easements, Lease(s), Other
  • Features  Loading dock(s), Overhead doors, Ramp



    • Above Information Deemed Reliable, But Not Guaranteed

    Listing Courtesy of Madison Property Management, Inc.