5380 King James Way
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5380 King James Way
29,353 SF 100% Leased Industrial Building Madison, WI 53719 $2,720,000 ($93/SF) 8% Cap Rate
Executive Summary
Key Commercial Real Estate is pleased to present a fully-leased multi-tenant investment opportunity at 5380 King James Way. The property has been occupied by anchor tenant Audio Marketing Services (AMS) for nearly 30 years and is home to other established businesses such as Archer Auto Repair, Functional Integrated Training and Denise Quade Design. The 29,353 sf industrial building was constructed in 1990 on a 1.961 acre parcel. The property fronts Verona Rd/Highway 151 which sees 42,400 vehicles per day, with exposure being further improved with a pylon sign visible to the main thoroughfare. There are 69 on-site parking stalls available with two access points from King James Way, all of which have been recently sealed and striped as of October 2024. The property is located within a pocket of industrial property with close proximity to class A office space and many national and regional players such as a Super Target, Hy-Vee and Aldi's. Additionally, the Verona Area School District recently acquired 8.47 acre across the street for a future middle school. The building is a combination of office/showroom/industrial space with several tenants having completed extensive interior buildouts with higher end finishes.
Property Facts
| Price | $2,720,000 | Lot Size | 2.21 AC |
| Price Per SF | $93 | Rentable Building Area | 29,353 SF |
| Sale Type | Investment | No. Stories | 1 |
| Cap Rate | 8% | Year Built | 1990 |
| Property Type | Industrial | Parking Ratio | 2.38/1,000 SF |
| Property Subtype | Showroom | Clear Ceiling Height | 20 FT |
| Building Class | B | No. Drive In / Grade-Level Doors | 3 |
| Price | $2,720,000 |
| Price Per SF | $93 |
| Sale Type | Investment |
| Cap Rate | 8% |
| Property Type | Industrial |
| Property Subtype | Showroom |
| Building Class | B |
| Lot Size | 2.21 AC |
| Rentable Building Area | 29,353 SF |
| No. Stories | 1 |
| Year Built | 1990 |
| Parking Ratio | 2.38/1,000 SF |
| Clear Ceiling Height | 20 FT |
| No. Drive In / Grade-Level Doors | 3 |
Amenities
- Floor Drains
- Signage
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Bike Score ®
Very Bikeable (80)
PROPERTY TAXES
| Parcel Number | 0609-064-4326-3 | Improvements Assessment | $1,288,000 |
| Land Assessment | $588,300 | Total Assessment | $1,876,300 |
PROPERTY TAXES
Parcel Number
0609-064-4326-3
Land Assessment
$588,300
Improvements Assessment
$1,288,000
Total Assessment
$1,876,300
zoning
| Zoning Code | BH (Highway Business District) |
| BH (Highway Business District) |
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5380 King James Way
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