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Meriter Hospital Clinic, Downtown Madison, WI 1414 S Park St 17,819 SF 100% Leased Industrial Building Madison, WI 53715 $2,640,000 ($148.16/SF) 6.32% Cap Rate
Investment Highlights
- UnityPoint Health Affiliate Tenant – Leased to Meriter Hospital, Inc., operating within the UnityPoint Health healthcare system
- Operational Support Facility – The property is utilized for both outpatient medical services and hospital equipment storage
- Proximity to University of Wisconsin–Madison
- Proximity to Meriter Hospital Campus – Located less than one mile from the 448 bed UnityPoint Health Meriter Hospital
- Below Replacement Cost Opportunity – Offered at a basis below today’s medical construction replacement cost
- Recent Capital Improvements – Ownership has completed multiple recent improvements including roof work, mechanical upgrades, and exterior improvements
Executive Summary
Strategically positioned along South Park Street just south of Downtown Madison, the property benefits from strong visibility, consistent daily traffic, and proximity to major employment drivers including UnityPoint Health Meriter Hospital and the University of Wisconsin–Madison. The building currently supports both outpatient medical services and hospital operational functions, creating a highly functional facility for the tenant.
The asset presents investors with the opportunity to acquire a well maintained medical property in Madison’s urban core, located along a corridor experiencing ongoing redevelopment and residential growth. The property also offers potential long term land value given its location along one of Madison’s primary north south commercial corridors.
Property Facts
| Price | $2,640,000 | Building Class | C |
| Price Per SF | $148.16 | Lot Size | 1.02 AC |
| Sale Type | Investment | Rentable Building Area | 17,819 SF |
| Cap Rate | 6.32% | No. Stories | 1 |
| Sale Condition | 1031 Exchange | Year Built/Renovated | 1989/2014 |
| Property Type | Industrial | Parking Ratio | 1.8/1,000 SF |
| Property Subtype | Manufacturing | Clear Ceiling Height | 14’ |
| Zoning | C2 | ||
| Price | $2,640,000 |
| Price Per SF | $148.16 |
| Sale Type | Investment |
| Cap Rate | 6.32% |
| Sale Condition | 1031 Exchange |
| Property Type | Industrial |
| Property Subtype | Manufacturing |
| Building Class | C |
| Lot Size | 1.02 AC |
| Rentable Building Area | 17,819 SF |
| No. Stories | 1 |
| Year Built/Renovated | 1989/2014 |
| Parking Ratio | 1.8/1,000 SF |
| Clear Ceiling Height | 14’ |
| Zoning | C2 |
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
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- Health Care and Social Assistance
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99,999 SF
-
$9.99
-
Lorem Ipsum
-
Jan 0000
At UnityPoint Heath, they believe in a care experience for their communities that's easier and more personal. One that shows their patients, and their families, just how much they matter to them. They are dedicated to providing high-quality care that’s safe and accessible by striving for the best outcome for every patient, every time. Across the three states where they are located - Iowa, Wisconsin and Illinois - more than compassionate and knowledgeable team members are working together to provide connected, coordinated and centered care around specific health needs. Their commitment to healthcare excellence and innovation is seen not only in how they deliver care, but through how they show up in their Midwest communities through their involvement in academics, government, healthcare technology, insurance access and the many other areas.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Health Care and Social Assistance | 99,999 SF | $9.99 | Lorem Ipsum | Jan 0000 |
Property Taxes
| Parcel Number | 0709-263-0102-2 | Improvements Assessment | $1,415,000 |
| Land Assessment | $385,000 | Total Assessment | $1,800,000 |
Property Taxes
Presented by
Meriter Hospital Clinic, Downtown Madison, WI | 1414 S Park St
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