6417 Normandy Ln
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6417 Normandy Ln
18,563 SF 100% Leased Office Building Madison, WI 53719 $2,423,578 CAD ($131 CAD/SF) 8.95% Cap Rate
Investment Highlights
- Located in OPPORTUNITY ZONE!
- Handicap accessible and ample parking
- Well maintained, elevator served building.
- Easy access to West Beltline and Downtown Madison
Executive Summary
Elevator served 22,456 SF office building in an OPPORTUNITY ZONE! Currently 100% occupied. This three floor building is on a split level lot with parking lots on 1st & 2nd levels. Each level has lots of windows for natural light, new roof in 2014, break area/kitchenettes and restrooms. Easy access to West Beltline and minutes from downtown. Current 8.95% cap rate.
Property Facts
Sale Type
Investment
Property Type
Office
Building Size
18,563 SF
Building Class
B
Year Built
1994
Price
$2,423,578 CAD
Price Per SF
$131 CAD
Cap Rate
8.95%
NOI
$216,910 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
7,238 SF
Slab To Slab
10’
Building FAR
0.36
Lot Size
1.17 AC
Opportunity Zone
Yes
Zoning
SE
Parking
68 Spaces (3.68 Spaces per 1,000 SF Leased)
Amenities
- Bus Line
- Signage
PROPERTY TAXES
| Parcel Number | 0708-251-0412-1 | Improvements Assessment | $1,174,790 CAD |
| Land Assessment | $646,766 CAD | Total Assessment | $1,821,556 CAD |
PROPERTY TAXES
Parcel Number
0708-251-0412-1
Land Assessment
$646,766 CAD
Improvements Assessment
$1,174,790 CAD
Total Assessment
$1,821,556 CAD
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6417 Normandy Ln
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