Overview

Listing ID:#20164322

Building SF:25,072

Parcel Size:1.67 Acres

Price:$2,500,000

Building PSF:$99.71

Property Type:Retail

Date Available:Now

Flyer For Sale_Office Max Madison.pdf

Single Tenant Net Lease

LEASE EXTENDED: Lease was just renewed for an additional 5-years at $7. NOI of $175,504, 7% Cap Rate. VALUE-ADD OPPORTUNITY: The below market rent provides flexibility for an owner, should you choose to reposition the property with higher rents. Landlord has the right to terminate the lease with proper notice. Tenant may also terminate the lease with 180 day written notice but no earlier than Q1 2024. PRICED BELOW ASSESSED VALUE! Priced $500,000 below the city's assessed value. For more info: www.officemaxmadison-cbre.com

Building Details

Building Type:Stand Alone

Building Status:Existing

Year Built:1992

Current Use:Junior Box

Hwy Exposure:Yes

Docks:Yes

Links

Prop Website/Download OM

Contact Listing Agent

Brian Wolff

608-441-7572
608-513-9653
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 provide, 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.