806 Division St Waunakee, WI 53597
- Industrial properties
- 1.86 lot acres
Current Use by Public Records
- Industrial properties
Property Details for 806 Division St
- Lot size
- 1.86 lot acres
- Property type
- Industrial properties
- APN
- 0809-081-9690-1
- APU
- 80908196901
Description
This exceptional 20,900 square foot warehouse investment property is situated on a 1.86-acre lot in the highly desirable Waunakee, Wisconsin area of Dane County. Currently occupied by the seller under a five-year triple-net (NNN) leaseback agreement, this property presents a compelling 7.60% capitalization rate. The building's history includes a multi-tenant configuration, featuring five or six individual units, which were later combined into a single large space. This adaptable layout offers significant potential for future redevelopment. A prospective buyer could capitalize on the existing leaseback arrangement, or, upon lease expiration, convert the property back to its original multi-tenant design, thereby expanding the potential tenant pool and rental income. The current owner has also made improvements, notably expanding the warehouse space at the southern end of the building. This property represents a rare opportunity to acquire a well-located, versatile commercial building with strong income potential and significant upside. The asking price is $1,500,000.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Waunakee
- County
- Dane
- State
- Wisconsin
- Longitude
- -89.4465
- Latitude
- 43.1851
- CBSA code
- 31540
- CBSA name
- MADISON, WI METROPOLITAN STATISTICAL AREA
