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Property profile

203 Paterson St Madison, WI 53703

OFF-MARKET
Office Spaces
10,000 SF
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Property summary

AI-generated overview

This exceptional Class A office space, located at 203 S. Paterson St. in Madison, WI, offers 6,240 contiguous square feet within a 10,000 square foot building. The property boasts 24-foot ceilings, creating a bright and airy atmosphere ideal for creative or traditional office uses. The space includes multiple conference/breakout rooms, nine to eleven private offices, five built-in workstations, and ample room for cubicles and collaborative work areas. High-speed internet access is ensured with two separate fiber providers. Additional features include a locked storage area, a secured server room with climate control, and a private outdoor deck overlooking a park. Building amenities include showers and ample parking (113 spaces). The building underwent renovations in 2013. This prime location in the East Madison Rail corridor, within the Wil-Mar/East Washington corridor submarket, places the property between the East Washington Ave business district and Williamson St., offering easy access to the Cap City bike path, McPike Park, and numerous amenities including The Sylvee, Breese Stevens Field, Festival Foods, and more. The property is situated in Madison's rapidly growing office community and is within walking distance of the Capitol Square. This is a rare opportunity to lease a substantial, well-appointed office space in a highly desirable location.

Property profile

Verified
Property type Office Spaces
Total area 10,000 SF

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Charitable Organization Social Service Agency
  • Theater & Performing Art Venue
  • Music Conservatory
  • Solar Energy Company
  • Charitable Organization Social Service Agency

Location

203 Paterson St Madison, WI 53703
Madison metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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