Overview

Listing ID:#56292

Building SF:22,731

Parcel Size:1.55 Acres

Price:$1,850,000

Building PSF:$81.39

Property Type:Office

Date Available:Now

Info Sheet

Description

Side by side office buildings of 22,000+ total SF and 24 tenants, priced at 9% cap rate based on current owner's 2018 P&L statement. Improvements in recent years include new, energy efficient lighting and new parking lot. Located in Park Towne business park, just 1 block off Mineral Point Road, Madison West Side.

Financial Information

Gross Income:$296,500

Net Op. Income:$169,000

Cap Rate:9.00%

Current Tenants:22

Percent Leased:89%

Building Details

Building Type:Multi-Tenant

Building Status:Existing

Year Built:1980

Year Renovated:0

Number of Floors:2

Number of Units:24

Zoning:SE

Outside Parking:Yes

Building Amenities

Conference Room:Yes

Contact Listing Agent

Rob Helm

608-827-6867
Email

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