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Office

Normandy Lane Office

6417 Normandy Ln, Madison, WI 53705

Listing Price: $1,850,000

Cap Rate
7.86%
Gross SF
18,563
Rentable SF
18,563
Price/Gross SF
$99.66
Lot Size
1.17 acres
Year Built
1994

Investment Overview

OVER 190,000 RESIDENTS WITHIN FIVE MILES WITH AN AVERAGE HOUSEHOLD INCOME OF $109,536

OFFICE SUBMARKET CURRENTLY 97.8% (4.6M SF / 175 PROPERTIES)

Investment Highlights

  • 100% OCCUPIED RETAIL/OFFICE CENTER - NINE UNITS
  • ALL LEASES STRUCTURED AS MODIFIED GROSS
  • SUITES 203 AND 209 WERE BOTH REMODELED WITHIN THE PAST TWO YEARS
  • THEN AND NOW ADULT DAY CENTER NEW FIVE YEARLEASE (ANNUAL RENT INCREASES)
  • AMPLE PARKING - 3.68/1,000 SF

Exclusively Listed By

Financing By

Listing Price: $1,850,000

Cap Rate
7.86%
Gross SF
18,563
Rentable SF
18,563
Price/Gross SF
$99.66
Lot Size
1.17 acres
Year Built
1994

Investment Highlights

  • 100% OCCUPIED RETAIL/OFFICE CENTER - NINE UNITS
  • ALL LEASES STRUCTURED AS MODIFIED GROSS
  • SUITES 203 AND 209 WERE BOTH REMODELED WITHIN THE PAST TWO YEARS
  • THEN AND NOW ADULT DAY CENTER NEW FIVE YEARLEASE (ANNUAL RENT INCREASES)
  • AMPLE PARKING - 3.68/1,000 SF

Investment Overview

OVER 190,000 RESIDENTS WITHIN FIVE MILES WITH AN AVERAGE HOUSEHOLD INCOME OF $109,536

OFFICE SUBMARKET CURRENTLY 97.8% (4.6M SF / 175 PROPERTIES)

Exclusively Listed By

Financing By

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