Overview

Listing ID:#20180972

Building SF:20,900

Parcel Size:1.86 Acres

Price:$1,500,000

Building PSF:$71.77

Property Type:Industrial

Date Available:Now

~7.60% Cap Rate Warehouse for Sale

~7.60% Cap Rate, 20,900 sq. ft. warehouse investment opportunity in Waunakee, WI - one of the most desirable areas in Dane County, WI. Building is currently occupied by the Seller's business, Savannah Company, and will lease property back on a 5-year initial term NNN lease. Property at one point in its history was a multi-tenant property, with five or six different units - now of which are combined into one. Should Seller leave the property at the end of the lease, there is a great potential to convert the building back to a multi-tenant building, and attracting a much wider prospective tenant pool. Since owning the building, owner has also expanded the building with adding a larger warehouse area (southern end of the building).

Financial Information

Gross Income:$114,000

Net Op. Income:$114,000

Cap Rate:7.60%

Current Tenants:1

Percent Leased:100%

Contact Listing Agent

Kent Yan

608-240-2010
608-698-6833

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