Listed by Key Commercial Real Estate
$2,450,000
CORNERSTONE
Details
Property Type Office
Sub Type Traditional Office
Square Footage 31,678
Net Rentable (SqFt) 25,496
Cap Rate 8.00%
NOI $196,111
Occupancy 84%
Tenancy Multi
Pro-Forma Cap Rate 8.00%
Pro-Forma NOI $207,916
Year Built 1993
Year Renovated 2006
Stories 2
Lot Size (SqFt) 87,786
Zoning Suburban Industrial
Parking Spaces 3.20 per 1,000 sq ft
Investment Type Stabilized
Office | 8.00% CAP | 31,678 SqFt
Marketing description
Cornerstone is an established, multi-tenant office building at the entrance of the Sun Prairie Industrial Park, off Exit 103 on US Hwy 151. The two-story building (plus partial lower level) offers flexible suite configurations across 24,940 leasable SF, with a large lobby, shared conference room, three-stop elevator, and tenant storage. A new roof, paved lot, and updated mechanical systems make this a low-deferred-maintenance acquisition.
Investment highlights
- 82-86% occupied with multiple tenants. Value-add through backfill and lease stabilization
- Entrance of Sun Prairie Industrial Park—visibility and easy client access from day one.
- New roof, newly paved lot, updated mechanical systems and elevator within the last 10 years.
- SI zoning allows office, professional services, medical, research, and light industrial.
- Newly paved lot—over 3.2 spaces per 1,000 SF. Ample parking supports multi-tenant occupancy and client visits.
- Shared conference room & kitchenette; 3-stop elevator, locked lower –level storage rooms, monument signage.
- Ideal for a business seeking to occupy part of the building while retaining existing tenants for income offset
- Built 1993, expanded 2006. "Cornerstone" name and monument sign are well-recognized in the Sun Prairie market.
Listing Contacts
Listed by Key Commercial Real Estate
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$196,111.00
$16,342.58/mo
Valuation Metrics
0
DSCR
8%
Cap Rate
8%
ROI
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