Desirable Fully Leased Investment – The subject property is 92% occupied by a strong mix of regional and national tenants, including the State of Wisconsin/University of Wisconsin, Molecular Biology Resources, and High Definition Performance.
Below Replacement Cost – At list price, the building is offered at $69 psf, which is well below replacement cost.
Long Operating Histories – Multiple Tenant Renewals – The majority of the tenants have operated at this location for over 15 years, exercising multiple lease extensions.
Proximity to Highways – Minutes to Downtown Madison – The subject property is located along Hwy 18, Hwy 51, and I-90, offering quick access to Downtown Madison, which is only 7.5 miles away.
Desirable Madison Market – Madison is one of the fastest growing communities in Wisconsin, winning numerous awards including “Healthiest City”, “Best Places to Live”, “Best Cities for Young Professionals”, and “Best City for Families”.
Strong Economy – Madison’s strong economy has an unemployment rate of 3.6%, all-time high housing demand, and dynamic job growth of 3.8%, which is projected to continue through 2020.