1212 Fourier Dr B, Madison, WI 53717
0 Acres
$8,499,000
Offer-Show

1212 Fourier Dr B, Madison, WI 53717

$8,499,000

$8,499,000

Features

  • Commercial/Business
  • Status: Offer-Show
  • County: Dane
  • Est. Square Footage: 36,113
  • Acreage: 3.8
  • Property Taxes: $32,058
  • Property Tax Year: 2021
  • MLS#: 1933926
  • Listing Company: Berkshire Hathaway Homeservices True Realty
  • Number of Units: 2

Property Description

1212 Fourier Dr B, Madison, WI 53717 - 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.

  • Additional features

    Basement

    • Walkout/Outside entrance

    Interior Features

    • Heating/Cooling: Central air, Forced air, Zoned heating
    • Water Waste: Municipal water
    • Inclusions: NNN Leases on both properties.

    Building and Construction

    • Industrial, Office, Other
    • Roof: Tar & gravel
    • Construction Type: E

    Land Features

    • Waterfront/Access: N
  • Property History
    MLS Number New Status Previous Status Activity Date New List Price Previous List Price Sold Price DOM
    1933926 Offer-Show Active Jul 27 2022 2:07PM 94
    1933926 Active Delayed May 11 2022 1:03PM 94
    1933926 Delayed May 11 2022 11:59AM $8,499,000 94
  • Schools
  • Demographics
  • Market Conditions

Buyer understands that the information which is contained on Data pages is obtained from a number of different sources and which has not been independently verified or confirmed by the various real estate brokers and agents who have been and are involved in this transaction. If any particular measurement or data element is important or material to buyer, Buyer assumes all responsibility and liability to research, verify and confirm said data element and measurement. REALTOR *MLS* Equal Housing Opportunity

Home Valuation Report