1725 Delavan Dr Janesville, WI 53546-2704

Property Details for 1725 Delavan Dr

Year built

1900

Lot size

20.84 lot acres

Property size

304,446 SF

Zone code

M2

Property type

Manufacturing properties

APN

306200003

APU

306200003

Description

This exceptional investment opportunity presents a 315,926 square foot manufacturing building situated on a 17.8-acre lot in Janesville, Wisconsin. The property, built in 1900 and boasting solid steel construction, features 20-foot ceilings, eight dock-high doors, and six loading docks. Currently 100% occupied under an absolute NNN lease with a long-term tenant, Monterey Mills, who has occupied the facility since 2005 and recently completed building improvements. The lease has seven years remaining. The property is zoned M2 and offers a compelling cap rate of 7.95% at an asking price of $8,025,000 ($25.40/sq ft). Its prime location on East Delavan Drive, a main thoroughfare in Janesville, provides excellent visibility and accessibility. The property benefits from its proximity to major transportation arteries, including I-90 and I-39, making it strategically positioned within Southern Wisconsin's thriving industrial landscape. This offering presents a rare opportunity to acquire a well-maintained, high-performing asset significantly below replacement cost. The established tenant and long-term lease provide a secure and stable income stream, making this an attractive addition to any investment portfolio.

Location Insight

City

Janesville

County

Rock

State

Wisconsin

Longitude

-88.9999

Latitude

42.6676

CBSA code

27500

CBSA name

JANESVILLE, WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments