MLS Public Remarks Ideal hands-off investment opportunity with a 6.76% CAP in 2022. Listing includes two buildings, both fully leased (100%) by single tenant through 2026. Ideal investment for a 1031 Exchange and/or passive income generation. Tenant has been in place since its acquisition of Madison based company that previously occupied the buildings. Buildings house specialized office, lab, warehouse, and production processes and equipment. Leases include 3% annual escalations. Tenant maintains property but passes through management fee of 5% of lease total to owner.
Location City
Other Marketing Area
Mailing City Madison
C/T/V City
Unit # B
Directions W Old Sauk Rd Rt Excelsior Dr Rt Fourier Dr
Real estate for sale Yes
Business for sale No
For lease only No
Ann. Rent/SqFt $16
Total Units/Bldg 2
Building Gross SqFt 36,113
Net Leasable SqFt 36,113
Year Built 1995
Source for Year Built Othr
Approx Bldg Dimen 280x100
Street Frontage 175
Parking Fees/Mo. $0
Onsite Parking 62
# of Stories 2
Ceiling Height Min 10
Ceiling Height Max 16
Number of Loading Docks 1
Zoning SEC
Est. Total Acres 3.8
Source Of Est Acres Othr
Lot Dimensions
Owner
Tradename
Land Assessment $374,000
Assessment Year 2021
Net Taxes $32,058
Tax Year 2021
Improvements $1,243,000
Total Assessment $1,617,000
Income/Expenses Year $2,022
Gross Operating Income $574,543
Annual Operating Exp $574,543
Net Operating Income $574,543
| Unit |
Lease Type |
Lease Exp. Date |
Renewal Option |
Base Annual Rent |
Annual Rent/SqFt |
Other Fees/SqFt |
Gross SqFt |
| 1 |
Triple Net |
6/30/2026 |
0 |
$456,750 |
$16 |
$0 |
28,113 |
| 2 |
Triple Net |
6/30/2026 |
0 |
$90,434 |
$9 |
$0 |
10,000 |
| 3 |
- |
0 |
0 |
$0 |
$0 |
$0 |
0 |
Items Included NNN Leases on both properties.
Items Excluded Tenant's property.
Heating/Cooling Central air, Forced air, Zoned heating
Water/Waste Municipal water
Basement Walkout/Outside entrance
Fuel Natural gas
Seating Capacity
Type Industrial, Office, Other
Exterior Treatment Brick, Concrete, Steel
Building Parking 56 or more spaces
Roofing Tar & gravel
Terms/Option
Miscellaneous
Documents on File EPA 1, Lease(s)
Location Industrial park
Tenant Pays Air Conditioning, All expenses, Electric, Heat, Insurance, Janitorial, Parking, Sewer, Snow removal, Taxes, Trash Services, Water
Present Use Office, Other, Warehouse
Licenses
Lease Type Triple net
Occupied by
Sale Includes Lease(s)
Features
Above Information Deemed Reliable, But Not Guaranteed
Listing Courtesy of Berkshire Hathaway Homeservices True Realty
