Listed by Madison Commercial Real Estate LLC
$2,400,000
2241 Pinehurst Dr
Details
APN 0708-102-4041-0
Property Type Office, Industrial
Sub Type Warehouse, R&D
Square Footage 12,000
NOI $180,720
Occupancy 100%
Tenancy Single
Lease Type NNN
Lease Expiration 03/30/2029
Rent Bumps Yes
Lease Options Options available
Price per SqFt $200
Year Built 1990
Acreage 1.371
Zoning I-M, Medium Industrial
Investment Type Net Lease
Ceiling Height 12' -16'
Loading Docks 1
Dock High Doors 1
2241 Pinehurst Dr, Middleton, WI 53562
Marketing description
Lab/Office/Warehouse for Sale at 2241 Pinehurst Dr, Middleton WI 53562. 12,000 SF building comprising 4,300 SF of office space and 7,700 SF of warehouse space on 1.371 acres. Property is leased through March 31, 2029 with options on a True NNN lease with annual 3% rent bumps at a current rental rate of $15,060.00 per month.
Investment highlights
- Lease to be provided with signed confidentiality agreement
- Leased through March 31, 2029 with options
- Currently rental rate: $15,060.00
- True NNN lease with annual 3% bump
- 5” concreate slab in warehouse space
- Back up generator in place (life systems only)
- Multiple built-out office spaces, cube space, reception area, kitchen/breakroom, manufacturing area, conference rooms
- $200,000 worth of improvements in 2021
Listing Contacts
Listed by Madison Commercial Real Estate LLC
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$180,720.00
$15,060.00/mo
Valuation Metrics
0
DSCR
7.53%
Cap Rate
7.53%
ROI
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