Building For Sale
Special Purpose Property ID
53962
Greater Madison East Date Printed
6/24/2018
Lakeland University   (View Map)
1650 Pankratz St
Madison WI 53704 Dane County
Size and Financial Information
Building square feet: 14,800
Parcel Size: 1.92 acres
Price: $2,800,000
Status: Active
Gross Income:
Net Op. Income:
Cap Rate: %
Number of Units:
Current Tenants:
Percent Leased: 100%
Real Estate Taxes:
General Information
Date Available: Now Outside Parking: Yes Municipal Water: Yes
Building Type: Stand Alone per 1,000 s.f.: Municipal Sewer: Yes
Building Status: Existing Inside Parking: Urban Svc. Area: Yes
Year Built: 2012 per 1,000 s.f.: Docks:
Number of Floors: 1 Ceiling at Eaves: Overhead Doors:
Zoning: Ceiling at Center: Cable:
Potential Zoning: Parcel Front Dim: DSL:
Hwy Exposure: Yes Parcel Side Dim: T1:
Handicap Access: Yes        
Shared Building Amenities
Break Room: Conference Room: Elevator:
Cafeteria: Auditorium: Exercise Room:
Lounge: Other: Shower:
Comments
Lakeland University (formerly College) building located in a business park on the growing north side near airport. Single Tenant, long term lease with options to extend. Cash flow, low maintenance, limited management. Located in Opportunity Fund Zone with major IRS benefits if purchase equity is from 1031 trade property.
Attachments
Main Image
Contact Information
Martin Rifken
The Rifken Group, Ltd.
Phone: 608-258-4640    
Mobile Phone: 608-575-9562    
E-Mail: marty@rifken.com    
Website: http://www.rifken.com    

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