Overview

Listing ID:#20189532

Building SF:19,888

Parcel Size:2.00 Acres

Price:$1,225,000

Building PSF:$61.59

Property Type:Office

Date Available:Now

Description

Key Commercial is pleased to present 2702 International Lane in Madison for sale. This two-story, 19,888-square-foot multi-tenant office building was originally constructed in 1980 and has undergone extensive renovations in recent years. Updates include modernized common areas and restrooms, a new roof, and more than $120,000 in HVAC upgrades completed in 2024. The property is currently occupied by seven tenants, with a few small suites available for lease. The seller is willing to lease back vacant spaces post-closing. The property is located on a 2 acre parcel in the Truax Air Business Park and is subject to a long term land lease which extends through September of 2078.

Financial Information

Gross Income:$258,807

Net Op. Income:$124,664

Cap Rate:10.00%

Building Details

Building Status:Existing

Year Built:1980

Building Amenities

Break Room:Yes

Contact Listing Agent

Mallory Rekoske

608-729-1803

Jenny Lisak

608-729-1808
608-513-5447

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