8840 N Greenview Drive, Middleton, WI 53562
Specialized industrial facility combining office space with clean rooms and lab space for controlled manufacturing operations.
- Added:
- Jun 16, 2026
- Days on Market:
- 6
- Last Refresh:
- Jun 20 at 8:41 am
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
Listing agent Michael Gaggo License #MI 6501381426
Listing office Encore Real Estate Investment Services
Listing date Jun 16, 2026
Source Crexi
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
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
- Tenant occupied since 2005 with a 12‑year lease extension signed in 2024
- Absolute net lease structure with zero landlord responsibilities
- Additional 0.90‑acre parcel is leased to the tenant and may provide future sale, ground lease, or redevelopment flexibility
Overview
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.
Local 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 |
Alternative Uses
Current Use by Public Records
Similar Places Nearby
- Middleton BBQ — 2303 pinehurst dr, middleton, wi 53562
- Middleton BBQ Company — 2303 Pinehurst Dr, Middleton, WI 53562
Location Insight
- Map
- Local Demand
- City
- Middleton
- County
- Dane
- State
- Wisconsin
- Longitude
- -89.54273
- Latitude
- 43.098933
