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Listing Provided By: Berkshire Hathaway Homeservices True Realty
$8,499,000
1212 Fourier Dr, Madison, WI 53717
0 Beds
0 Baths
n/a SqFt

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Ideal hands-off investment opportunity with a 6.76% CAP in 2022. Listing includes two buildings, both fully leased (100%) by single tenant through 2026. Ideal investment for a 1031 Exchange and/or passive income generation. Tenant has been in place since its acquisition of Madison based company that previously occupied the buildings. Buildings house specialized office, lab, warehouse, and production processes and equipment. Leases include 3% annual escalations. Tenant maintains property but passes through management fee of 5% of lease total to owner.
  • Price:
  • $8,499,000
  • Acreage:
  • 3.80
  • Year Built:
  • 1995
  • Listing ID #:
  • 1933926
  • Street Address:
  • 1212 Fourier Dr
  • City:
  • Madison
  • State:
  • Wisconsin
  • Postal Code:
  • 53717
  • County:
  • Dane
  • Community:
  • Madison
  • Listing Status:
  • Offer-Show
  • Listing Type:
  • Business/Comm
  • Basement Description:
  • Walkout/Outside Entrance
  • Dwelling Type:
  • Office, Industrial, Other
  • Siding:
  • Brick, Steel, Concrete
  • Stories:
  • 2
  • Type Of Roof:
  • Tar & Gravel
  • Year Built:
  • 1995
  • Annual Expenses:
  • 574543
  • Net Operating Income:
  • 574543
  • Conforms To Zoning:
  • Sec
  • Existing Land Use:
  • Office, Warehouse, Other
  • Days On Market:
  • 95
  • Included In Sale:
  • Lease(s)
  • Lease Type:
  • Triple Net
  • Price Per Square Foot:
  • 235.34
  • Property Taxes:
  • $32,058
  • Tax Year:
  • 2021
  • Tenant Pays:
  • Taxes, Heat, Air Conditioning, Electric, Water, Sewer, Insurance, Janitorial, Trash Services, Snow Removal, Parking, All Expenses
  • Heating And Air:
  • Forced Air, Central Air, Zoned Heating
  • Heating Fuel:
  • Natural Gas
  • Water/Sewage:
  • Municipal Water
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The amounts for the Tax, Insurance, and HOA are estimates and not actual amounts.

Your Payment
$1,400/mo

Source: CINC

  • Listing Provided By: Berkshire Hathaway Homeservices True Realty
  • Copyright© 2022 South Central Wisconsin MLS Corporation. All rights reserved 2022.

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