1401-1431 Northern Ct
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1401-1431 Northern Ct
12,500 SF 100% Leased Retail Building Madison, WI 53703 $4,250,992 CAD ($340 CAD/SF) 6.60% Cap Rate
Investment Highlights
- Building is currently occupied with three existing tenants!
- Recently renovated in 2018.
Executive Summary
This 12,326 SF retail building with 3 units was built in 1951 and completely renovated in 2016-2017 including a new roof, drive accesses, parking, mechanicals, and interior buildouts for the three current tenants: Stateline Distillery (6,500 SF), Imaginary Factory (2,376 SF), and Creative Energy Designs (3,450 SF). With a TE zoning in the thriving Madison area, this property presents an ideal proposition for those seeking a well-located and fully occupied retail investment.
Property Facts
Sale Type
Investment
Property Type
Building Size
12,500 SF
Building Class
B
Year Built/Renovated
1966/2018
Price
$4,250,992 CAD
Price Per SF
$340 CAD
Cap Rate
6.60%
NOI
$280,659 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.84
Land Acres
0.34 AC
Zoning
TE
Parking
21 Spaces (6.94 Spaces per 1,000 SF Leased)
Frontage
94 ft on Northern Court
Walk Score ®
Walker's Paradise (90)
Bike Score ®
Biker's Paradise (100)
PROPERTY TAXES
Parcel Numbers | Improvements Assessment | $1,434,890 CAD | |
Land Assessment | $98,088 CAD | Total Assessment | $1,532,978 CAD |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$98,088 CAD
Improvements Assessment
$1,434,890 CAD
Total Assessment
$1,532,978 CAD
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1401-1431 Northern Ct
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