Desirable Investment – Strong Rent Growth – Rent increases ranging from 2%-8%, combined with staggered lease expirations, make this a desirable investment with steady income stream.
Below Market Rents – Tenants in the building are currently paying $6-$14 annual rents, well below market rents in the area, which are closer to $18-$20 psf.
Below Replacement Cost – At list price, the building is offered at $91 psf, which is well below replacement cost.
Excellent Visibility – Minutes to Downtown Madison – The subject property is located along Hwy 18 and County Hwy M, offering excellent visibility to combined traffic counts of nearly 30,000 cars per day and quick access to downtown Madison.
Desirable Verona Market – Verona is one of the fastest growing communities in Wisconsin, tripling in size over the past 15 years. Since 2005, Verona has been the home of Epic Systems Corporation, one of the largest healthcare software companies in the world, and employer of over 9,500 people in its $1 billion campus.
New Developments on the Rise – Dane County ranks in the top 20 metropolitan areas with the strongest high-tech sector as identified by BizJournals.com, which is reflected in the growth of many business parks throughout the region, such as Liberty Business Park, a 170-acre mixed use project, and the Verona Technology Park, a 250-acre technology park with tenants including Latitude Corp., United Vaccines, SAFC, and Wisconsin Brewing Company.