8840 Greenview Dr Middleton, WI 53562
- Industrial properties
- 2.25 lot acres
Current Use by Public Records
- Industrial properties
Property Details for 8840 Greenview Dr
- Lot size
- 2.25 lot acres
- Property type
- 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.
Value Estimation
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Middleton
- County
- Dane
- State
- Wisconsin
- Longitude
- -89.5427
- Latitude
- 43.0997
- CBSA code
- 31540
- CBSA name
- MADISON, WI METROPOLITAN STATISTICAL AREA
