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6417 Normandy Lane

Madison, WI 53719
  • $1,690,000
  • STATUS: Active
  • ON SITE: 53 Days
  • ID#: 1969034
UPDATED: 72 min ago
$1,690,000
  • 0
    BEDS
  • 1.17
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 22,456
    SQFT
  • $75
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
1987
County:

School Ratings & Info

Listing provided by ALTUS Commercial Real Estate, Inc.: 608-338-1101

Description

Elevator served 22,456 SF office building in an OPPORTUNITY ZONE! Currently 91% occupied. There is 600 SF + a 1500 SF space available. This three floor building is on a split level lot with parking lots on 1st & 2nd levels. Each level has lots of windows for natural light, new roof in 2014, break area/kitchenettes and restrooms. Easy access to West Beltline and minutes from downtown. Current 7.67% cap rate does not include any rent on the vacant space. *Also For Lease.

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© 2024 South Central Wisconsin MLS Corporation. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or HomeTeam4u | Stark Company Realtors. Data last updated: 2024-02-25T12:42:07.933.
www.hometeam4u.com/homes/146334869
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6417 Normandy Lane Madison, WI 53719

  • Price: $1,690,000
  • Status: Active
  • On Site: 53 Days
  • Updated: 72 min ago
  • ID#: 1969034
0
Beds
0
Baths
0
½ Baths
1.17
Acres
22,456
SQFT
$75
$/SQFT
1987
Built
Neighborhood:
Madison - C W07
County:
Dane
Area:
Madison - C W07
Property Description
Elevator served 22,456 SF office building in an OPPORTUNITY ZONE! Currently 91% occupied. There is 600 SF + a 1500 SF space available. This three floor building is on a split level lot with parking lots on 1st & 2nd levels. Each level has lots of windows for natural light, new roof in 2014, break area/kitchenettes and restrooms. Easy access to West Beltline and minutes from downtown. Current 7.67% cap rate does not include any rent on the vacant space. *Also For Lease.
Exterior Features

Building Parking 36-55 spacesOnsitePaved Exterior BrickAluminum Loading Docks 0 Location Business districtFree standingNear Major HighwayNear public transportatn Roof Composition Type Office

Interior Features

Basement Poured concrete foundatn Ceiling Height Max 10 Ceiling Height Min 9 Commercial Features Passenger elevatorPrivate RestroomsShared RestroomsSignage available Heating Cooling Forced airCentral air Unit1 Gross Sq Ft 999

Property Features

Annual Operating Expenses 129580 Business Sale No City Town Or Village City County Quarter West Metro Madison Fuel Natural gas Gross Operating Income 233361 Lease Only No Lease Type Partial netMultiple yearsRenewal options Licenses None Mailing City Madison Miscellaneous Internet - CableInternet - DSLInternet -Fiber Available Net Operating Income 103781 Net Taxes 2312916 Occupancy Tenant(s) Present Use Office Real Estate Sale Yes Sale Includes Lease(s) Source Sq Ft Assessor Tax Year 2023 Tenant Pays HeatAir ConditioningElectricJanitorial Unit1 Annual Rent Per Sq Ft 100 Water Waste Municipal waterMunicipal sewer Year Built Source Assessor Zoning SE

Listing information © 2024 South Central Wisconsin MLS.
Listing provided courtesy of ALTUS Commercial Real Estate, Inc.: .



© 2024 South Central Wisconsin MLS Corporation. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or HomeTeam4u | Stark Company Realtors. Data last updated: 2024-02-25T12:42:07.933.
 
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HomeTeam4u | Stark Company Realtors
1625 W Main Street
Sun Prairie WI, 53590
Listing provided by ALTUS Commercial Real Estate, Inc.: 608-338-1101