WI2WI Industrial Facility
Potential Excess Land / Future Development Opportunity
Marketing description
This is a specialized 39,972 SF industrial facility located in Middleton, Wisconsin, consisting of 18,380 SF of office space and 21,592 SF of industrial space. The property sits on 2.25 acres and includes clean rooms and lab space that are critical to the tenant's specialized manufacturing operations. Wi2Wi Corporation is a global manufacturer and provider of wireless connectivity solutions, timing devices, frequency control devices, and microwave filters.
The property features a rare absolute net lease structure with zero landlord responsibilities and a long-term tenant commitment, as the tenant has occupied the property since 2005 and signed a 12-year lease extension in 2024. A separate 0.90-acre parcel currently leased to the tenant may offer future flexibility for a sale, ground lease, or redevelopment.
The location benefits from strong local demographics with average household income exceeding $150,000 within 1 mile and more than 91,000 residents within 5 miles. Excellent retail amenities nearby include Costco, Ruth's Chris, Starbucks, HomeGoods, Marshalls, Michaels, Cooper's Hawk, IHOP, Taco Bell, and Culver's.
Investment highlights
- Long-Term Tenant Commitment: Tenant has occupied the property since 2005 and signed a 12-year lease extension in 2024
- Absolute Net Lease Structure: Rare absolute net lease with zero landlord responsibilities
- Attractive Rental Increases: Annual rent escalations during the primary lease term and option periods
- Potential Excess Land Opportunity: Separate 0.90-acre parcel currently leased to the tenant may offer future flexibility for a sale, ground lease, or redevelopment
- Specialized Facility: 39,972 SF building on 2.25 acres, consisting of 18,380 SF of office space and 21,592 SF of industrial space
- High-Finish Manufacturing Space: Property includes clean rooms and lab space that are critical to the tenant's specialized manufacturing operations
- Global Tenant: Wi2Wi is a global manufacturer and provider of wireless connectivity solutions, timing devices, frequency control devices, and microwave filters
- Strong Local Demographics: Average household income exceeds $150,000 within 1 mile, with more than 91,000 residents within 5 miles
- Excellent Retail Amenities Nearby: Nearby national tenants include Costco, Ruth's Chris, Starbucks, HomeGoods, Marshalls, Michaels, Cooper's Hawk, IHOP, Taco Bell, Culver's, and others
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