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May be combined with 4600 American Pkwy 5133 W Terrace Dr 77,817 SF 100% Leased 4-Star Office Building Madison, WI 53718 For Sale
Investment Highlights
- 100% Occupied
- Priced below Assessed Value - Rare Chance to Acquire two, or one cash-generating office buildings at an attractive discount to replacement cost.
- Visible from the Interstate and easily accessible.
- Primely located near several restaurants, shopping, and entertainment destinations.
Executive Summary
CBRE is pleased to present the opportunity to purchase two impeccably maintained office buildings (other building is 4600 American Pkwy) in Madison Wisconsin. The offering provides an investor the value-add opportunity to further increase occupancy and drive rents, while maintaining a diverse and loyal base of existing tenants. The buildings are just one-block apart – making it convenient to manage and maintain. Each building boasts impressive lobbies with modern finishes, ample on-site parking, fitness center, conference center, mature landscaping and walking trails within the American Business Park
Contact broker for price guidance. See NOI.
Click on the link for more information and access to the full offering memo and financials: www.madisonofficeportfolio-cbre.com
This 4-story glass and brick faced professional office building is highly visible from Interstate 90/94 and U.S. Highway 151 and has significant exposure to over 74,000 cars per day. Efficient, large floorplate design offers tenants optionality. The building sits on 7.5 acres and with more than ample parking, its very possible the building could be expanded. Current vacancy provides an exceptional opportunity for NOI growth.
This is a rare chance to acquire two cash-generating office buildings with value-add potential at an attractive discount to replacement cost.
Contact broker for price guidance. See NOI.
Click on the link for more information and access to the full offering memo and financials: www.madisonofficeportfolio-cbre.com
This 4-story glass and brick faced professional office building is highly visible from Interstate 90/94 and U.S. Highway 151 and has significant exposure to over 74,000 cars per day. Efficient, large floorplate design offers tenants optionality. The building sits on 7.5 acres and with more than ample parking, its very possible the building could be expanded. Current vacancy provides an exceptional opportunity for NOI growth.
This is a rare chance to acquire two cash-generating office buildings with value-add potential at an attractive discount to replacement cost.
Property Facts
Sale Type
Investment NNN
Sale Condition
Bulk/Portfolio Sale
Property Type
Office
Building Size
77,817 SF
Building Class
B
LoopNet Rating
4 Star
Year Built
1998
NOI
$931,129
Percent Leased
100%
Tenancy
Multiple
Building Height
4 Stories
Typical Floor Size
19,454 SF
Slab To Slab
12’
Building FAR
0.24
Lot Size
7.50 AC
Zoning
O-4 - Office
Parking
311 Spaces (4 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
- Atrium
- Bus Line
- Controlled Access
- Conferencing Facility
- Fitness Center
- Signage
- Storage Space
- Shower Facilities
- Air Conditioning
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Administrative and Support Services
- -
- -
- Triple Net
- Jan 2031
Aerotek began in 1983 as a contract employment and consulting business built around aerospace and engineering staffing, and the company has since broadened its work across industrial and facility sectors. The company now provides staffing and services solutions in manufacturing, logistics, construction, aviation, facilities, and maintenance, with offerings that include industrial staffing, skilled trades staffing, construction support services, manufacturing support services, and maintenance services. Aerotek serves clients and job seekers through a broad network across North America and other regions, and the business is part of Allegis Group.
- American Family Insurance
- Finance and Insurance
- -
- -
- -
- -
- Charter Spectrum Reg Office
- Utilities
- -
- -
- -
- -
- Edwards Jones
- -
- -
- -
- -
- -
- Faith Technology
- -
- -
- -
- Triple Net
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Administrative and Support Services | - | - | Triple Net | Jan 2031 | |
| American Family Insurance | Finance and Insurance | - | - | - | - | |
| Charter Spectrum Reg Office | Utilities | - | - | - | - | |
| Edwards Jones | - | - | - | - | - | |
| Faith Technology | - | - | - | Triple Net | - |
Somewhat walkable
30/100
Exceptionally drivable
100/100
Minimal public transit
10/100
Somewhat bikeable
30/100
Demographics
Demographics
1 mile
3 mile
5 mile
2020 Population
5,309
29,655
112,529
2025 Population
5,572
29,997
114,105
Population Growth '20-'25
4.9%
1.1%
1.4%
2020 Households
2,652
13,150
49,894
2025 Households
2,807
13,350
50,706
Household Growth '20-'25
5.8%
1.5%
1.6%
Average Age
38
38
40
Median Household Income
$71,788
$77,142
$80,488
Daytime Employees
9,446
31,935
67,403
Total Businesses
754
2,295
5,935
College Degree + Higher
44%
41%
44%
Property Taxes
| Parcel Number | 0810-224-0601-2 | Improvements Assessment | $6,960,000 |
| Land Assessment | $2,340,000 | Total Assessment | $9,300,000 |
Property Taxes
Parcel Number
0810-224-0601-2
Land Assessment
$2,340,000
Improvements Assessment
$6,960,000
Total Assessment
$9,300,000
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May be combined with 4600 American Pkwy | 5133 W Terrace Dr
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