Overview

Listing ID:#20186972

Building SF:64,250

Parcel Size:4.82 Acres

Price:$5,900,000

Building PSF:$91.83

Property Type:Retail, Special Purpose

Date Available:Now

Sub-Type: Sports Center/Fitness/Golf Course, Restaurant/Bar, Medical/Dental, Freestanding

Versatile Investment Property on Main Corridor – SWAC Building, Stoughton

Cap Rate of 7.5%! Stoughton Wellness and Athletic Center (SWAC), a premier Midwest athletic hub, sits on a 5-acre, high-visibility site in thriving Stoughton, WI. This 64,250 sq. ft. facility boasts a spacious lobby, elegant restrooms, and a 4-court gymnasium hosting 120,000+ annual participants through Sports Enhancement Academy's volleyball and basketball leagues and 40+ tournaments. It houses the nation's largest Anytime Fitness (2,000+ members), Stoughton Hospital, Famous Yeti's Pizza, Basecamp Arcade, The Heights Banquet Hall and Stoughton Eye Care. With 179 parking stalls and an additional lot that could likely fit a 20-unit residential building with underground parking, this listing offers exceptional value at just over $90/sq. ft., including land and the additional buildable lot.

Financial Information

Gross Income:$440,808

Net Op. Income:$440,808

Cap Rate:7.50%

Current Tenants:7

Percent Leased:100%

Real Estate Taxes:$67,798

Tax Year:2024

Building Details

Building Type:Multi-Tenant

Building Status:Existing

Year Built:2007

Current Use:Special Use

Number of Floors:1

Number of Units:7

Zoning:PB

Outside Parking:Yes

Outside Parking per 1,000 sf:3

Ceiling at Eves:25 ft

Ceiling at Center:27 ft

Municipal Sewer:Yes

Municipal Water:Yes

Hwy Exposure:Yes

Sprinklers:Yes

Cable:Yes

DSL:Yes

ADA Compliant:Yes

Building Amenities

Lounge:Yes

Reception Area:Yes

Shower:Yes

Contact Listing Agent

David Baehr

608-834-2613
608-213-6686
Email

Important Disclaimer: Content for property listings on this website is provided by third parties. The party posting this listing is solely responsible for the accuracy of the information provided, including commissions. PropertyDrive makes no guarantee, warranty, or representation about the accuracy, timeliness or thoroughness and disclaims responsibility for the content of any property listing. PropertyDrive reserves the right to remove listings at any time.