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6417 Normandy Lane,  Madison,  WI  53719 $1,690,000 Active
6417 Normandy Lane,  Madison,  WI  53719
$1,690,000
Active
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 Property Type Business/Commercial
 Parcel # 0708-251-0412-1
 County Dane
 Sub Area W07
 Municipality Madison
 MLS# 1969034
 Listing Date 01/02/2024

MLS Public Remarks  Elevator served 22,456 SF office building in an OPPORTUNITY ZONE! Currently 100% occupied. This three floor building is on a split level lot with parking lots on 1st & 2nd levels. Each level has lots of windows for natural light, new roof in 2014, break area/kitchenettes and restrooms. Easy access to West Beltline and minutes from downtown. Current 8.95% cap rate.
LOCATION  
  • Location  City
  • Other Marketing Area  
  • Mailing City  Madison
  • C/T/V  City
  • Unit #  
  • Directions  On Normandy Ln, Just Off S Yellowstone Dr., One Block From Odana
    • BUILDING DESCRIPTION  
  • Real estate for sale  Yes
  • Business for sale  No
  • For lease only  No
  • Ann. Rent/SqFt  $100
  • Total Units/Bldg  9
  • Building Gross SqFt  22,456
  • Net Leasable SqFt  22,456
  • Year Built  1987
  • Source for Year Built  PubR
  • Approx Bldg Dimen  0x0 irr
  • Street Frontage  232
  • Parking Fees/Mo.  $0
  • Onsite Parking  yes
  • # of Stories  3
  • Ceiling Height Min  9
  • Ceiling Height Max  10
  • Number of Loading Docks  0
  • Zoning  SE
  • Est. Total Acres  1.17
  • Source Of Est Acres  PubR
  • Lot Dimensions  
  • Owner  
  • Tradename  
    • ASSESSMENT & TAXES  
  • Land Assessment  $451,000
  • Assessment Year  2023
  • Net Taxes  $2,312,916
  • Tax Year  2023
  • Improvements  $819,200
  • Total Assessment  $1,270,200
    • ANNUAL INCOME/EXPENSES  
  • Income/Expenses Year  $2,023
  • Gross Operating Income  $233,361
  • Annual Operating Exp  $129,580
  • Net Operating Income  $103,781
    • UNIT INFORMATION  
    Unit Lease Type Lease Exp. Date Renewal Option Base Annual Rent Annual Rent/SqFt Other Fees/SqFt Gross SqFt
    1 Rent roll 0-0-0 0 $100 $100 $0 999
    2 - 0 0 $0 $0 $0 0
    3 - 0 0 $0 $0 $0 0
    Items Included Leases.
    Items Excluded  Tenant's and Owner's personal property.
    INTERIOR FEATURES  
  • Heating/Cooling  Central air, Forced air
  • Water/Waste  Municipal sewer, Municipal water
  • Basement  Poured concrete foundatn
  • Fuel  Natural gas
  • Seating Capacity  
    • EXTERIOR FEATURES  
  • Type   Office
  • Exterior Treatment  Aluminum, Brick
  • Building Parking  36-55 spaces, Onsite, Paved
  • Roofing  Composition
  • Terms/Option  
  • Miscellaneous  Internet - Cable, Internet - DSL, Internet- Fiber available
    • OTHER FEATURES  
  • Documents on File  
  • Location  Business district, Free standing, Near Major Highway, Near public transportatn
  • Tenant Pays  Air Conditioning, Electric, Heat, Janitorial
  • Present Use  Office
  • Licenses  None
  • Lease Type  Multiple years, Partial net, Renewal options
  • Occupied by  Tenant(s)
  • Sale Includes  Lease(s)
  • Features  Passenger elevator, Private Restrooms, Shared Restrooms, Signage available



    • Above Information Deemed Reliable, But Not Guaranteed

    Listing Courtesy of Altus Commercial Real Estate, Inc.