Deming Oaks 1002 Deming Way 38,395 SF Office Building Madison, WI 53717 $9,000,000 ($234.41/SF) 7.36% Cap Rate
INVESTMENT HIGHLIGHTS
- Fully occupied office property with long term lease in place.
- Easily accessible location just 1 mile from Highway 12/18.
- Well-designed, impeccably maintained, 2-story office building on a heavily wooded lot.
- Conveniently located near national retailers, and hotels.
EXECUTIVE SUMMARY
Cresa is pleased to present a premier investment opportunity at 1002 Deming Way in Madison, WI. This two-story, Class A office building, totaling 38,395 square feet, is located on a scenic 9.2-acre wooded lot within the highly desirable Old Sauk Trails Business Park on Madison, Wisconsin's West Side.
Built in 1994 and refurbished in 2018 (new roof, new interior finishes and kitchen area, locker rooms with showers, new heat pumps, and new boilers), the property is fully leased to Singlewire Software, a leading software company that occupies the building as its corporate headquarters. The current lease runs through May 31, 2034, with two additional 5-year renewal options, offering investors long-term income stability and an attractive return. The property features abundant surface parking and excess land for future expansion. It is also conveniently located near a variety of dining, retail, and hotel accommodations, enhancing convenience for employees and visitors.
Given its prime location, strong tenant profile, and secure long-term lease, this property presents an exceptional investment opportunity.
Built in 1994 and refurbished in 2018 (new roof, new interior finishes and kitchen area, locker rooms with showers, new heat pumps, and new boilers), the property is fully leased to Singlewire Software, a leading software company that occupies the building as its corporate headquarters. The current lease runs through May 31, 2034, with two additional 5-year renewal options, offering investors long-term income stability and an attractive return. The property features abundant surface parking and excess land for future expansion. It is also conveniently located near a variety of dining, retail, and hotel accommodations, enhancing convenience for employees and visitors.
Given its prime location, strong tenant profile, and secure long-term lease, this property presents an exceptional investment opportunity.
DATA ROOM Click Here to Access
- Offering Memorandum
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Office
Building Size
38,395 SF
Building Class
B
Year Built/Renovated
1994/2018
Price
$9,000,000
Price Per SF
$234.41
Cap Rate
7.36%
NOI
$662,052
Tenancy
Single
Building Height
2 Stories
Typical Floor Size
19,198 SF
Slab To Slab
14’
Building FAR
0.10
Lot Size
9.15 AC
Zoning
SEC
Parking
140 Spaces (3.65 Spaces per 1,000 SF Leased)
AMENITIES
- 24 Hour Access
- Atrium
- Controlled Access
- Courtyard
- Fitness Center
- Security System
- Signage
- Reception
- Monument Signage
- Outdoor Seating
- Air Conditioning
- Fiber Optic Internet
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Singlewire Software, LLC
- Services
- 38,395 SF
- $17.24
- Triple Net
- May 2034
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Singlewire Software, LLC | Services | 38,395 SF | $17.24 | Triple Net | May 2034 |
DEMOGRAPHICS
Demographics
1 Mile
3 Mile
5 Mile
2020 Population
8,295
54,634
121,097
2024 Population
8,257
58,557
126,341
Population Growth '20-'24
-0.5%
7.2%
4.3%
2020 Households
4,084
25,313
54,770
2024 Households
4,013
27,091
57,161
Household Growth '20-'24
-1.7%
7.0%
4.4%
Average Age
40
40
40
Median Household Income
$99,237
$91,115
$89,514
Daytime Employees
16,609
55,221
80,732
Total Businesses
1,348
4,973
8,081
College Degree + Higher
66%
63%
62%
PROPERTY TAXES
| Parcel Number | 0708-153-0301-4 | Improvements Assessment | $3,906,000 |
| Land Assessment | $1,535,000 | Total Assessment | $5,441,000 |
