8840 Greenview DrMiddleton, WI 53562

Property Details for 8840 Greenview Dr

Lot size

2.25 AC

Property type

Industrial properties

Property subtype

Other industrial properties

APN

0708-091-6073-2

APU

70809160732

Description

This exceptional investment opportunity presents a 39,972-square-foot industrial property located at 8840 N Greenview Dr, Middleton, WI 53562. The property, built in 1998 and situated on 3.1 acres, boasts a compelling combination of features, including 18,380 square feet of office space and 21,592 square feet of industrial space. A significant highlight is the specialized facility, featuring multiple cleanrooms and lab space, with a high-quality industrial finish (excluding a small loading dock area). The Class 10,000 square-foot cleanroom is crucial for the tenant's manufacturing processes. The property is currently 100% occupied under an absolute triple-net (NNN) lease with a corporate guarantee, offering zero landlord responsibilities. The lease, with a remaining term of 11.5 years, commenced September 7, 2005, and expires May 19, 2036, featuring annual rental escalations. The asking price is $6,700,000, representing a 7.56% cap rate and a NOI of $506,516. The tenant, Wi2Wi, a global manufacturer of wireless connectivity, timing, and frequency control devices, demonstrates a strong commitment with a recent 12-year lease extension. The property benefits from its location in a thriving business park within a high-income area; Middleton is a suburban city near Madison, Wisconsin. This offering presents a secure, long-term investment with significant upside potential.

• Alternative Use

  Use

  Valuation

  Residential

  $20,292,070

  Hospitality

  $18,587,426

  Educational

  $15,464,521

  Medical

  $15,996,369

  Retail

  $24,055,922

Location Insight

City

Middleton

County

Dane

State

Wisconsin

Latitude

43.0997

Longitude

-89.5427

CBSA code

31540

CBSA name

MADISON, WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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