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22240410
22240411

1002 Deming Way, Madison, WI 53717

TR
WI WI 72972-94
Cresa Madison
Cresa Madison
Listed by Cresa Madison
$9,000,000
449 days on market
Updated 3 days ago

Deming Oaks

Details
APN 0708-153-0301-4
Property Type Office
Sub Type Traditional Office
Square Footage 38,395
Net Rentable (SqFt) 38,395
Cap Rate 7.36%
NOI $662,052
Occupancy 100%
Tenancy Single
Lease Type NNN
Lease Term 10.4
Lease Expiration 05/30/2034
Remaining Term 8
Rent Bumps Yes
Lease Options 2, 5-year options
Price per SqFt $234
Year Built 1994
Year Renovated 2018
Stories 2
Acreage 9.200
Zoning Suburban Employment Center
Investment Type Stabilized
Lease Commencement 12/31/2023
Ownership Deming Oaks, LLC

Single-Tenant, NNN Leased Office For Sale

Marketing description

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, Wisconsin's West Side.

Built in 1994 and refurbished in 2018 (new roof, new interior finishes and kitchen area, locker rooms with showers, new heat pumps, and new boilers), 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.

Listing Contacts

TR
WI WI 72972-94
Cresa Madison
Cresa Madison
Listed by Cresa Madison

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$662,052.00
$55,171.00/mo

Valuation Metrics

0
DSCR
7.36%
Cap Rate
7.36%
ROI

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Additional Information

Name
Tim Rikkers
License
WI 72972-94
Brokerage
Cresa
Brokerage Phone
608-467-0720
Title
Managing Principal
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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