Current Use by Public Records
- Data Dimensions / Production Facility
Property Details for 432 Midland Rd
- Year built
- 2010
- Lot size
- 2.90 lot acres
- Property type
- Office Spaces
- Property subtype
- Data centers
Description
This exceptional Class A office and data center property in Janesville, Wisconsin, presents a compelling investment opportunity. The 21,212-square-foot building sits on a 2.9-acre lot and boasts 150 parking spaces. Currently 100% occupied under a Net Lease agreement with a single tenant, the property offers a substantial 8.00% cap rate and a strong NOI of $428,192.64. The lease, originally commencing December 1, 2010, has a remaining term of approximately 3.2 years, followed by two five-year option periods with annual rent bumps of 1.5%. Built in 2010 as a build-to-suit for the current tenant, this mission-critical facility is strategically located adjacent to the tenant's corporate headquarters, demonstrating a long-term commitment. The property is zoned O1 and features a single-story building. This investment offers a secure, long-term income stream with significant upside potential due to the lease options and annual rent increases. The tenant has consistently occupied the property since 2010, recently extending their lease, highlighting their satisfaction and commitment to the location. This is a fee-simple ownership opportunity. The APN is 023-2300030. The address is 432 Midland Rd, Janesville, WI 53546.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Janesville
- County
- Rock
- State
- Wisconsin
- Longitude
- -88.9803
- Latitude
- 42.6761
