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Office

55 Oaks Corporate Center

700 Rayovac Dr, Madison, WI 53711

Listing Price: $2,550,000

Cap Rate
8.08%
Gross SF
29,976
Rentable SF
29,976
Price/Gross SF
$85.07
Lot Size
7.94 acres
Year Built
1989

Investment Overview

SINCE 2018 SIX NEW AIR CONDITIONERS, 12 NEW FURNACES, ONE NEW WATER HEATER, LED LIGHTING IN COMMON AREAS, PARKING LOT CRACK FILL, SEAL AND COAT, NEW GUTTERS, EXTERIOR FACIA AND BATHROOM REMODEL

OVER 189,000 RESIDENTS WITHIN FIVE MILES WITH AN AVERAGE HOUSEHOLD INCOME OF $111,843

OFFICE SUBMARKET CURRENTLY 92.5% (1.4M SF / 71 PROPERTIES)

Investment Highlights

  • 94.03% OCCUPIED RETAIL/OFFICE CENTER -21 UNITS (19 LEASED / 2 VACANT)
  • ALL LEASES STRUCTURED AS GROSS -LANDLORD RESPONSIBLE FOR ALL EXPENSES
  • THREE STORY (NOT INCLUDING LOWER LEVEL) OFFICE BUILDING WITH MULTIPLE ENRANCES
  • TWO VACANT UNITS PROVIDING UPSIDE (5.97%)
  • MAJOR CAPITAL IMPROVEMENTS DONE SINCE 2018

Exclusively Listed By

Listing Price: $2,550,000

Cap Rate
8.08%
Gross SF
29,976
Rentable SF
29,976
Price/Gross SF
$85.07
Lot Size
7.94 acres
Year Built
1989

Investment Highlights

  • 94.03% OCCUPIED RETAIL/OFFICE CENTER -21 UNITS (19 LEASED / 2 VACANT)
  • ALL LEASES STRUCTURED AS GROSS -LANDLORD RESPONSIBLE FOR ALL EXPENSES
  • THREE STORY (NOT INCLUDING LOWER LEVEL) OFFICE BUILDING WITH MULTIPLE ENRANCES
  • TWO VACANT UNITS PROVIDING UPSIDE (5.97%)
  • MAJOR CAPITAL IMPROVEMENTS DONE SINCE 2018

Investment Overview

SINCE 2018 SIX NEW AIR CONDITIONERS, 12 NEW FURNACES, ONE NEW WATER HEATER, LED LIGHTING IN COMMON AREAS, PARKING LOT CRACK FILL, SEAL AND COAT, NEW GUTTERS, EXTERIOR FACIA AND BATHROOM REMODEL

OVER 189,000 RESIDENTS WITHIN FIVE MILES WITH AN AVERAGE HOUSEHOLD INCOME OF $111,843

OFFICE SUBMARKET CURRENTLY 92.5% (1.4M SF / 71 PROPERTIES)

Exclusively Listed By

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