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325 Linnerud Dr,  Sun Prairie,  WI  53590 $800,000 Sold
325 Linnerud Dr,  Sun Prairie,  WI  53590
$800,000
Sold
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 Property Type Business/Commercial
 Parcel # 0811-082-8340-6
 County Dane
 Sub Area D45
 Municipality Sun Prairie
 MLS# 1893773
 Listing Date 09/14/2020
 Sold Price $800,000
 Close Date 02/04/2022 12:00 AM

MLS Public Remarks  Great building, easy access and good visibility. One year left in first 5-year term with 5 year renewal option. Modified gross lease. Great yard and space for warehouse/manufacturing. RAIL SPUR opportunity. 6.3% cap rate. Large 16x20 cooler/freezer. Two 15' overhead doors. Separate office and entrance that can be leased out or utilized for your own needs.
LOCATION  
  • Location  City
  • Other Marketing Area  
  • Mailing City  Sun Prairie
  • C/T/V  City
  • Unit #  
  • Directions  Main St, South On Walker, E On Linnerud
    • BUILDING DESCRIPTION  
  • Real estate for sale  Yes
  • Business for sale  No
  • For lease only  No
  • Ann. Rent/SqFt  $7
  • Total Units/Bldg  1
  • Building Gross SqFt  8,700
  • Net Leasable SqFt  8,700
  • Year Built  2002
  • Source for Year Built  PubR
  • Approx Bldg Dimen  0x0
  • 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  UI
  • Est. Total Acres  1.01
  • Source Of Est Acres  PubR
  • Lot Dimensions  
  • Owner  
  • Tradename  
    • ASSESSMENT & TAXES  
  • Land Assessment  $123,000
  • Assessment Year  2019
  • Net Taxes  $7,051
  • Tax Year  2019
  • Improvements  $163,600
  • Total Assessment  $286,600
    • ANNUAL INCOME/EXPENSES  
  • Income/Expenses Year  $2,020
  • Gross Operating Income  $60,997
  • Annual Operating Exp  $10,185
  • Net Operating Income  $50,812
    • UNIT INFORMATION  
    Unit Lease Type Lease Exp. Date Renewal Option Base Annual Rent Annual Rent/SqFt Other Fees/SqFt Gross SqFt
    1 Mod Gross 07/31/2021 Yes $61,704 $7 $0 8,350
    2 - 0 0 $0 $0 $0 0
    3 - 0 0 $0 $0 $0 0
    Items Included Fixtures and furniture in upper office are negotiable
    Items Excluded  Tenant's property
    INTERIOR FEATURES  
  • Heating/Cooling  Central air, Forced air, Wall Furnace
  • Water/Waste  Municipal sewer, Municipal water
  • Basement  Slab/None
  • Fuel  Natural gas
  • Seating Capacity  
    • EXTERIOR FEATURES  
  • Type   Industrial, Manufacturing, Warehouse
  • Exterior Treatment  Aluminum
  • Building Parking  11-20 spaces
  • Roofing  Metal
  • Terms/Option  
  • Miscellaneous  
    • OTHER FEATURES  
  • Documents on File  Lease(s)
  • Location  Corner, Industrial park, Near public transportatn
  • Tenant Pays  Air Conditioning, Electric, Heat, Janitorial, Sewer, Snow removal, Trash Services, Water
  • Present Use  Other
  • Licenses  None
  • Lease Type  Partial net
  • Occupied by  Tenant(s)
  • Sale Includes  N/A
  • Features  Inside storage, Outside storage, Overhead doors, Rail, Reception area, Shared conference room, Signage available, Truck dr(s) hgr than 15ft



    • Above Information Deemed Reliable, But Not Guaranteed

    Listing Courtesy of Re/Max Preferred