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5253 Verona Rd

90,150 SF Industrial Building Madison, WI 53711 $5,400,000 ($60/SF) 7.10% Cap Rate

INVESTMENT HIGHLIGHTS

  • 69,150 SF Production & Warehouse
  • 7,000 SF mezz office/R&D (full HVAC)
  • 7,000 SF traditional office/showroom
  • 7,040 SF Pole Sheds (unheated)

EXECUTIVE SUMMARY

This 90,150 square foot industrial facility on 10.8 acres in Fitchburg features high quality manufacturing, warehouse and office space for a growing business. Features include two electrical services, 6 truck docks, 3 drive-in doors, 6-inch concrete floor, 16' - 22' clear height, radiant heat, wet sprinkler system, and about 110 parking stalls. Current tenant is on a short term lease.

FINANCIAL SUMMARY (ACTUAL - 2023) Click Here to Access

ANNUAL ANNUAL PER SF
Gross Rental Income - -
Other Income - -
Vacancy Loss - -
Effective Gross Income - -
Net Operating Income $99,999 $9.99

FINANCIAL SUMMARY (ACTUAL - 2023) Click Here to Access

Gross Rental Income
Annual -
Annual Per SF -
Other Income
Annual -
Annual Per SF -
Vacancy Loss
Annual -
Annual Per SF -
Effective Gross Income
Annual -
Annual Per SF -
Net Operating Income
Annual $99,999
Annual Per SF $9.99

PROPERTY FACTS

Price $5,400,000
Price Per SF $60
Sale Type Investment or Owner User
Cap Rate 7.10%
Property Type Industrial
Property Subtype
Manufacturing
  • Flex Light Manufacturing
  • Industrial Distribution
  • Industrial Warehouse
Building Class B
Lot Size 10.80 AC
Rentable Building Area 90,150 SF
No. Stories 1
Year Built 1980
Tenancy Single
Parking Ratio 1.24/1,000 SF
Clear Ceiling Height 20’
No. Dock-High Doors/Loading 6
No. Drive In / Grade-Level Doors 3
Opportunity Zone Yes

AMENITIES

  • Bus Line
  • Floor Drains
  • Signage

UTILITIES

  • Lighting
  • Gas - Natural
  • Water - City
  • Sewer - City
  • Heating - Gas

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
0609-064-8201-2
Land Assessment
$1,005,200
Improvements Assessment
$3,005,100
Total Assessment
$4,010,300

ZONING

Zoning Code B-H (Highway Business)
B-H (Highway Business)
  • Listing ID: 33013964

  • Date on Market: 8/30/2024

  • Last Updated:

  • Address: 5253 Verona Rd, Madison, WI 53711

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