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Wi2Wi 8840 N Greenview Dr

39,972 SF Industrial Building Middleton, WI 53562 £5,609,071 (£140/SF) 7.13% Net Initial Yield

Investment Highlights

  • Rare absolute net lease structure - Zero landlord responsibilities
  • Property features is a specialized facility with multiple "clean rooms" and lab space.
  • Located in a large business park and has been occupied by the tenant since 2005, demonstrating a strong commitment to the location.
  • The subject property covers 39,972 square feet on 3.1 acres of land and includes 18,380 SF of office space and 21,592 SF of industrial space.
  • The property offers attractive 2.50% annual rental escalations during the initial term and options.
  • Wi2Wi, is a globally integrated manufacturer and provider of Wireless Connectivity Solutions, Timing Devices, Frequency Control Devices, a

Executive Summary

Rare absolute net lease structure - Zero landlord responsibilities
The subject property covers 39,972 square feet on 3.1 acres of land and includes 18,380 SF of office space and 21,592 SF of industrial space.
Property features is a specialized facility with multiple "clean rooms" and lab space, with the industrial area having a higher level of finish than usual, except for a small loading dock area.
The property offers attractive 2.50% annual rental escalations during the initial term and options. It is located in a large business park and has been occupied by the tenant since 2005, demonstrating a strong commitment to the location.
The tenant, Wi2Wi, is a globally integrated manufacturer and provider of Wireless Connectivity Solutions, Timing Devices, Frequency Control Devices, and Microwave Filters.
The surrounding area boasts a strong household income within a 1-mile radius of $157,370 and a population exceeding 90,000 within a 5-mile radius. Middleton, a suburban city near Madison, Wisconsin's capital, is the location of the property.
National tenants in the vicinity include Costco, Ruth's Chris, IHOP, Michael's, Marshalls, Cooper's Hawk, Starbucks, HomeGoods, Taco Bell, Culver's, and others.

Property Facts

Price £5,609,071
Price Per SF £140
Sale Type Investment
Net Initial Yield 7.13%
Property Type Industrial
Property Subtype Warehouse
Building Class C
Lot Size 2.25 AC
Rentable Building Area 39,972 SF
Number of Floors 1
Year Built 1998
Tenancy Single
Parking Ratio 2.2/1,000 SF
Clear Ceiling Height 18 ft
No. Dock-High Doors/Loading 1
Level Access Doors 1

Amenities

  • Bus Route
  • Signage

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 0708-091-6062-5
  • 0708-091-6073-2
Land Assessment
£504,105
Improvements Assessment
£4,552,037
Total Assessment
£5,056,143

zoning

Zoning Code C
C
  • Listing ID: 31352022

  • Date on Market: 28/03/2024

  • Last Updated:

  • Address: 8840 N Greenview Dr, Middleton, WI 53562

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