Industrial Facility with Clean
For Sale
Contact for pricing
8840 N Greenview Drive, Middleton, WI 53562
Specialized industrial facility combining office space with clean rooms and lab space for controlled manufacturing operations.
Property Size39,972 SF
Lot Size2.25 Acres
Price / SF$162.61
Days on Market51
Property Features for 8840 N Greenview Drive
General Information
Standard status
Active
Size
39,972 SF
Lot size
2.25 Acres
Property subtype
Industrial, Office
Building Details
Year Built
1998
Tenancy
Single
Listing Agency:
Encore Real Estate Investment Services
(248) 702-0288
Listed By:
Michael Gaggo · License #MI 6501381426
Source:
Crexi
Added: Jun 16
Changed: Jul 10
Last Checked: Aug 5 at 10:09AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Encore Real Estate Investment Services
Investment Insights
Based on property information with market context.
This specialized industrial facility totals 39,972 SF and includes 18,380 SF of office space alongside 21,592 SF of industrial space. The property is built to support controlled processes, with clean rooms and lab space that are critical to specialized manufacturing operations. The site also includes 2.25 acres and is currently operated under an absolute net lease structure.
The building is located in Middleton, Wisconsin, and benefits from nearby retail amenities including Costco, Ruth's Chris, Starbucks, HomeGoods, Marshalls, Michaels, and other well-known dining and retail options listed in the remarks. A separate 0.90-acre parcel is also included, which is currently leased to the same tenant.
For buyers seeking a purpose-built manufacturing environment, the current configuration supports tenants with clean room and lab requirements. The lease profile is notable for its long-term tenant commitment, with the tenant occupying the property since 2005 and signing a 12-year lease extension in 2024, along with a structure that states zero landlord responsibilities. The additional leased parcel may provide flexibility for a future sale, ground lease, or redevelopment depending on buyer objectives.
The building is located in Middleton, Wisconsin, and benefits from nearby retail amenities including Costco, Ruth's Chris, Starbucks, HomeGoods, Marshalls, Michaels, and other well-known dining and retail options listed in the remarks. A separate 0.90-acre parcel is also included, which is currently leased to the same tenant.
For buyers seeking a purpose-built manufacturing environment, the current configuration supports tenants with clean room and lab requirements. The lease profile is notable for its long-term tenant commitment, with the tenant occupying the property since 2005 and signing a 12-year lease extension in 2024, along with a structure that states zero landlord responsibilities. The additional leased parcel may provide flexibility for a future sale, ground lease, or redevelopment depending on buyer objectives.
Key Highlights
- 39,972 SF specialized industrial facility with 18,380 SF office and 21,592 SF industrial space
- Clean rooms and lab space built for controlled, specialized manufacturing operations
- Built in 1998 and situated on 2.25 acres
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $877.8k | $21.96 |
| − Vacancy | −$140.4k | −$3.51 |
| EGI | $737.3k | $18.45 |
| − OpEx | −$184.3k | −$4.61 |
| NOI | $553.0k | $13.83 |
39,972 SF · lease $21.96/SF/yr · vacancy 16.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$7.90M
$6.91M – $9.22M
NOI $553,005 @ 7.0% cap · market cap 8.51%
Second Best
Industrial
$5.61M
$4.91M – $6.54M
NOI $392,442 @ 7.0% cap · market cap 6.04%
Theoretical Best
Office A
$9.29M
$8.13M – $10.84M
NOI $650,206 @ 7.0% cap · market cap 10.00%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
396
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 53562, WI
29,092
Population
13,617
Households
2.1
Avg Household Size
40
Median Age
65%
College-Educated
96%
High-School Grad
31.1 sq mi
ZIP Area
935
Density / Sq Mi
$97,241
Median Household Income
$60,688
Median Earnings
$1,394
Median Rent
$495,600
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
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Frequently Asked Questions
What type of property is this?
Flex space - Specialized industrial facility combining office space with clean rooms and lab space for controlled manufacturing operations.
Where is this flex space located?
The property is located at 8840 N Greenview Drive Middleton, WI.
What is the asking price?
The asking price for this property is $6,500,000.
What are key features of this property?
This property features: 39,972 SF specialized industrial facility with 18,380 SF office and 21,592 SF industrial space; Clean rooms and lab space built for controlled, specialized manufacturing operations; Built in 1998 and situated on 2.25 acres
