Property Description Lee & Associates of Madison is pleased to present the building located in the World Dairy Business Park for sale or lease. It is conveniently located off Highway 51 and Interstate 90/94. The building includes a high-quality office build-out, large bullpen areas, fitness facility, outdoor patio, and warehouse. Situated on 5.5 acres the site boasts a park like setting with substantial parking. Property Details 65,725 Sq. Ft. Total 59,725 Sq. Ft. of Office Space 6,000 Sq. Ft. of Warehouse Space Dock High and Overhead Doors Existing Ramp Serves 2 Additional Dock High Doors Sale Price: $4,200,000 ($63.90/Sq. Ft.) Lease Rate: $8.00/Sq. Ft. (NNN) Taxes: $2.37/Sq. Ft.
Table of Contents Sale/Lease Overview Floor Plan Building Photos Area Map Aerial Photograph Madison, Wisconsin Area Demographics
Building Overview Price: $4,200,000 Square Feet: 59,725 (Office) 6,000 (Warehouse) Total Building Sq. Ft.: 65,725 Sq. Ft. Land Area: 5.5 Acres Tenant: Fiskars Consumer Products, Inc. Landlord Responsibility: None. Tenant pays all CAM and Real Estate Taxes directly along with all building/ structure repairs and maintenance. Lease Overview Initial Lease Term: Expires September, 30 th 2016 Lease Type: Absolute Net Monthly Net Rent: $62,325 Sale/Lease Overview Fiskars has given notice that they will vacate the building at the end of their current lease term on September 30 th 2016. This is a great opportunity for an owner occupant or investor to collect rent and pay down the building cost as they plan for their occupancy or find a new tenant. This is the only office building on the market that is under $9.00/sq. ft. for 65,000 contiguous sq. ft. The buildout is very high quality with ample private offices and cubicle areas. There is also a great outdoor patio area featuring a park like setting. The foot price of the building is also very conducive to expanding the warehouse while maintaining the main entrance and majority of offices.
Floor Plan Fitness Room Conference and Training Room Vending Warehouse and Dock Doors Main Entrance
Site
Monona Dr. Highway 51 State Capitol 8.3 Miles Site Word Dairy Office Park Interstate 90/94 Femrite Dr. E. Broadway Highway 12/18 Janesville 36.3 Miles
Madison, Wisconsin Situated on an isthmus between Lake Mendota and Lake Monona, Madison is one of two major cities in North America situated on an isthmus (the other is Seattle). The capital of Wisconsin, Madison is defined by its five lakes: Mendota, Monona, Wingra, Waubesa, and Kegonsa. Although just minutes from the beautiful rural countryside, Madison is a metropolitan city of more than 240,000 people. Through a combination of factors, including the state capital and the University of Wisconsin-Madison, the city has much to offer. There are many excellent restaurants, an active theater community, lots of music, and good shopping. National groups and magazines rank Madison highly for being a very bike-friendly city, a great place to raise a family, having a healthy and fit population, and an overall quality of life. Madison is a melting pot of the Midwest. You ll find professionals, students, families, hippies, musicians and everything in between. It has a vibrant nightlife scene with lots of live music and pubs. It shares many qualities of other well-known college towns like Berkeley and Austin-a creative and educated population-but retains a small-town feel. Madison is said to have the highest restaurants per capita in the entire United States. The sheer diversity of and intense competition among Madison s restaurants is enough to put any city of similar size to shame (as well as many larger cities), making Madison one of the best cities in the country to be a foodie. The city is home to the University of Wisconsin-Madison, Edgewood College, Madison Area Technical College, and Madison Media Institute, giving the city a postsecondary student population of nearly 50,000. The University of Wisconsin accounts for the vast majority of students, with an enrollment of roughly 41,000, of whom 30,750 are undergraduates. In a Forbes magazine city ranking from 2003, Madison had the highest number of Ph.D.s per capita, and third highest college graduates per capita, among cities in the US. Many businesses are attracted to Madison s skill base, taking advantage of the area s high level of education. In 2006, Forbes magazine listed Madison as number 31 in the top 200 metro areas for Best Places for Business and Careers. Madison has also been named in Forbes ten Best Cities several times within the past decade. In 2009, in the midst of the late 2000 s recession, Madison had an unemployment rate of 3.5% and was ranked number one in a list of ten cities for job growth.
Radius (2537 Daniels St., Madison, WI) 1 Mile 3 Mile 5 Mile 2020 Projection 4,124 47,865 128,170 2015 Estimate 3,870 44,895 120,662 2010 Census 3,660 42,375 115,856 Growth 2015-2020 6.56% 6.62% 6.22% Growth 2010-2015 5.74% 5.95% 4.15% Households: 2020 Projection 1,651 20,447 58,063 2015 Estimate 1,550 19,179 54,655 2010 Census 1,471 18,164 52,627 Growth 2015-2020 6.52% 6.61% 6.24% Growth 2010-2015 5.37% 5.59% 3.85% Owner Occupied 1,168 13,421 27,762 Renter Occupied 381 5,758 26,893 2015 Average Household Income $72,391 $75,018 $66,026 2015 Median Household Income $64,416 $61,656 $49,373 2015 Households by Household Inc: <$25,000 283 2,718 13,451 $25,000 - $50,000 262 4,716 14,184 $50,000 - $75,000 369 4,121 9,881 $75,000 - $100,000 258 3,157 6,425 $100,000 - $125,000 147 1,765 4,155 $125,000 - $150,000 136 1,199 2,426 $150,000 - $200,000 83 1,023 2,541 $200,000+ 12 479 1,591