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Key Details
Sold Price $1,500,000
Property Type Commercial
Sub Type Office(s),Manufacturing,Warehouse,Industrial
Listing Status Sold
Purchase Type For Sale
Square Footage 20,900 sqft
Price per Sqft $71
MLS Listing ID 1991573
Sold Date 03/28/25
Year Built 1982
Annual Tax Amount $17,305
Tax Year 2024
Lot Size 1.855 Acres
Acres 1.855
Property Sub-Type Office(s),Manufacturing,Warehouse,Industrial
Property Description
7.60% CAP RATE. 20,900 sq. ft. warehouse investment opportunity in Waunakee, WI - one of the most desirable areas in Dane County, WI. Building is currently occupied by the Seller?s business, Savannah Company, and will lease property back on a 5-year initial term NNN lease. Property at one point in its history was a multi-tenant property, with five or six different units - now of which are combined into one. Should Seller leave the property at the end of the lease, there is a great potential to convert the building back to a multi-tenant building, and attracting a much wider prospective tenant pool. Since owning the building, owner has also expanded the building with adding a larger warehouse area (southern end of the building).
Location
State WI
County Dane
Zoning G3
Rooms
Basement None, None / Slab
Interior
Heating Natural Gas
Cooling Forced Air, Central Air
Exterior
Roof Type Metal
Building
Sewer Municipal Water, Municipal Sewer
New Construction N
Others
Special Listing Condition Arms Length
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