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5459 Fen Oak Dr
Madison, WI 53718
Office Property For Sale
INVESTMENT HIGHLIGHTS
- Marquip-Ward United, Inc. occupies 6,097 SF through June, 2030
- 25,101 RSF of available space within the building makes this offering suitable for on owner user, or investor
- Existing lease is NNN and has 2.5% annual escalators
EXECUTIVE SUMMARY
Marcus & Millichap REIS, as exclusive advisor, is pleased to offer for sale 5459 Fen Oak Drive, a Class A multi-tenant R&D / Flex building located in Madison, WI.
This Class A building was constructed in 2007 and is approximately 31,198 SF. The property features lab, R&D, and office space, making this property suitable for a wide range of users.
Marquip-Ward United Inc. currently occupies 6,097 SF with a lease through June 2030. The lease is NNN with 2.5% annual increases. The remaining 25,101 SF is available for lease or owner occupancy
This Class A building was constructed in 2007 and is approximately 31,198 SF. The property features lab, R&D, and office space, making this property suitable for a wide range of users.
Marquip-Ward United Inc. currently occupies 6,097 SF with a lease through June 2030. The lease is NNN with 2.5% annual increases. The remaining 25,101 SF is available for lease or owner occupancy
PROPERTY FACTS
Sale Type
Investment or Owner User
Sale Condition
High Vacancy Property
Property Type
Building Size
31,198 SF
Building Class
B
Year Built
2006
Price
$5,200,000
Price Per SF
$166.68
Percent Leased
20%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
31,198 SF
Building FAR
0.21
Lot Size
3.45 AC
Zoning
C - Commercial
Parking
102 Spaces (3.27 Spaces per 1,000 SF Leased)
AMENITIES
- Air Conditioning
PROPERTY TAXES
| Parcel Number | 0710-221-0409-7 | Improvements Assessment | $3,381,000 |
| Land Assessment | $495,000 | Total Assessment | $3,876,000 |
PROPERTY TAXES
Parcel Number
0710-221-0409-7
Land Assessment
$495,000
Improvements Assessment
$3,381,000
Total Assessment
$3,876,000
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