Overview

Listing ID:#20182592

Building SF:38,395

Parcel Size:9.20 Acres

Price:$9,000,000

Building PSF:$234.41

Property Type:Office

Date Available:Now

Investment Opportunity - Fully Leased Office Building

Cresa is pleased to present a premier investment opportunity at 1002 Deming Way in Madison, WI. This two-story, Class A office building, totaling 38,395 square feet, is located on a scenic 9.2-acre wooded lot within the highly desirable Old Sauk Trails Business Park on Madison's West Side. Built in 1994, and refurbished in 2018 (new roof, new heat pumps, boilers, and interior finishes) the property is fully leased to Singlewire Software, a leading software company that occupies the building as its corporate headquarters. The current lease runs through May 31, 2034, with two additional 5-year renewal options, offering investors long-term income stability and an attractive return. The property features abundant surface parking and excess land for future expansion. It is also conveniently located near a variety of dining, retail, and hotel accommodations, enhancing convenience for employees and visitors. Given its prime location, strong tenant profile, and secure long-term lease, this property presents an exceptional investment opportunity.

Financial Information

Net Op. Income:$662,052

Cap Rate:7.36%

Current Tenants:1

Percent Leased:100%

Building Details

Building Type:Stand Alone

Building Status:Existing

Year Built:1994

Year Renovated:2017

Current Use:Office

Number of Floors:2

Number of Units:1

Zoning:Suburban Employment Center

Outside Parking:Yes

Outside Parking per 1,000 sf:4

Municipal Sewer:Yes

Municipal Water:Yes

Sprinklers:Yes

T1:Yes

Bus Line:Yes

Other Information:The building is expandable on the current parcel.

Building Amenities

Break Room:Yes

Lounge:Yes

Cafeteria:Yes

Conference Room:Yes

Elevator:Yes

Reception Area:Yes

Exercise Room:Yes

Shower:Yes

Other:2 locker rooms with showers

Contact Listing Agent

Tim Rikkers

608-669-4153

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