retail strip center for sale - 4633 verona rd., madison, wi
Post on 22-Jan-2017
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Financial Summary• Gross Income: $105,381• Vacancy Factor 5%: ($5,469) • Real Estate Taxes: ($11,060)• CAM/Insurance:($25,200)• NOI: $63,852
Building Details• Sale Price: $709,469 ($84.46/Sq. Ft.)• Cap Rate: 9% • Net Operating Income: $63,852.18• Building Size: 8,400 Sq. Ft.• Anchor Tenant: State of Wisconsin (36%)
Overall Description
Great opportunity for a low price point high yield investment with this 8,400 square foot strip center. The property is located off of Verona Road in a developing area and has below market rents. The building is located behind the former Walgreens building which was recently leased and being completely remodeled by Interstate Blood Bank.
Demographics 1 Mile 3 Miles 5 MilesPopulation 11,393 87,714 193,413Avg. Household Income $75,164 $86,704 $79,071
lee-associates.com
Retail Strip Center 4633 Verona Road, Madison, WIFor Sale
The information contained herein is based on estimates and assumptions and is presented for illustration purposes only. No representations, warranties or guarantees of any kind are made.
Todd WallerDirect: (608) 327-4001Cell: (608) 333-7636twaller@lee-associates.com
For more information on this property, please contact:
Verona Rd. 44,700 AADT
Hammersley Rd.
Highway 12/18 112,000 AADT
Site
20,750 AADT
lee-associates.com
Retail Strip Center 4633 Verona Road, Madison, WIFor Sale
The information contained herein is based on estimates and assumptions and is presented for illustration purposes only. No representations, warranties or guarantees of any kind are made.
Todd WallerDirect: (608) 327-4001Cell: (608) 333-7636twaller@lee-associates.com
For more information on this property, please contact:
Todd WallerDirect: (608) 327-4001Cell: (608) 333-7636twaller@lee-associates.com
For more information on this property, please contact:
The information contained herein is based on estimates and assumptions and is presented for illustration purposes only. No representations, warranties or guarantees of any kind are made.
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