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 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
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
Land Assessment $451,000
Assessment Year 2023
Net Taxes $2,312,916
Tax Year 2023
Improvements $819,200
Total Assessment $1,270,200
Income/Expenses Year $2,023
Gross Operating Income $233,361
Annual Operating Exp $129,580
Net Operating Income $103,781
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.
Heating/Cooling Central air, Forced air
Water/Waste Municipal sewer, Municipal water
Basement Poured concrete foundatn
Fuel Natural gas
Seating Capacity
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
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.