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15941147
15941148

8840 N Greenview Dr, Middleton, WI 53562

DB
MI 6502378067, OH BRKP.2020008390
Encore Real Estate Investment Services
BB
OH BRK.200900214, WV B200300608 (+21)
Bang Realty
Listed by Encore Real Estate Investment Services, Bang Realty
$6,700,000
798 days on market
Updated 8 days ago

WI2WI

Details
Property Type Industrial
Sub Type Distribution, Manufacturing (+1)
Square Footage 39,972
Cap Rate 7.56%
NOI $506,516
Occupancy 100%
Tenancy Single
Lease Type Absolute NNN
Lease Term 30.7
Lease Expiration 05/19/2036
Remaining Term 10
Rent Bumps Yes
Lease Options None
Price per SqFt $168
Year Built 1998
Acreage 3.100
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 09/07/2005
Ceiling Height 18'

Brand New 12 Year Lease Extension | Rare Absolute Net Lease

Investment highlights

  • Brand new 12 year lease extension - Tenant representing astrong commitment to the location - Property is located in alarge business park and has been occupied by the tenantsince 2005

  • Rare absolute net lease structure - Zero landlord responsibilities

  • The subject property covers 39,972 square feet on 3.1 acres of land and includes 18,380 SF of office space and 21,592 SF of industrial space

  • Property features is a specialized facility with multiple "cleanrooms" and lab space, with the industrial area having a higher level of finish than usual, except for a small loading dock area. The Class 10,000 SF clean room is located in the middle of the two manufacturing floors. This clean room is vital for the manufacturing of crystal frequency tolerances that produce highly stable devices. The clean room ensures the highest level of quality for other commercial procedures such as base plating, plasma cleaning, vacuum sealing, etc

  • The property offers attractive annual rental escalations duringthe initial term and options

  • The tenant, Wi2Wi, is a globally integrated manufacturer andprovider of Wireless Connectivity Solutions, Timing Devices,Frequency Control Devices, and Microwave Filters

  • The surrounding area boasts a strong household income withina 1-mile radius of $157,370 and a population exceeding90,000 within a 5-mile radius. Middleton, a suburban city nearMadison, Wisconsin's capital, is the location of the property

  • National tenants in the vicinity include Costco, Ruth's Chris,IHOP, Michael's, Marshalls, Cooper's Hawk, Starbucks,HomeGoods, Taco Bell, Culver's, and other

Listing Contacts

DB
MI 6502378067, OH BRKP.2020008390
Encore Real Estate Investment Services
BB
OH BRK.200900214, WV B200300608 (+21)
Bang Realty
Listed by Encore Real Estate Investment Services, Bang Realty

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$506,516.00
$42,209.67/mo

Valuation Metrics

0
DSCR
7.56%
Cap Rate
7.56%
ROI

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Additional Information

Name
Brian Brockman
Title
Broker of Record
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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