6417 Normandy LnMadison, WI 53705

For Sale
$1,690,000

Fully Leased, 21,714 SF Office

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional investment opportunity presents a fully leased, 21,714-square-foot Class B professional office building located at 6417 Normandy Ln, Madison, WI 53705. The two-story building, constructed in 1994, boasts a desirable location with easy access to the West Beltline and downtown Madison. Currently generating a strong NOI of $151,255 and an 8.95% cap rate, this property offers a compelling return on investment. The building features ample parking, elevator service, handicap accessibility, and is situated on a 1.17-acre lot. Each floor offers abundant natural light thanks to numerous windows, and amenities include break areas/kitchenettes and restrooms. The property benefits from a new roof installed in 2014 and is situated within an Opportunity Zone, presenting significant tax advantages. The asking price is $1,690,000, translating to $87.50 per square foot. This multi-tenant property is currently 100% occupied, providing immediate cash flow and a stable investment. The building's well-maintained condition and prime location make it an attractive prospect for discerning investors seeking a strong, income-producing asset in a thriving market.

Highlights

  • $1,690,000 asking price for this 21,714 square foot office building.
  • Located in a Qualified Opportunity Zone.
  • Fully leased, multi-tenant professional office building.
  • Well-maintained, elevator-served Class B building with ample parking and handicap accessibility.
  • Convenient access to the West Beltline and Downtown Madison.

Property Details for 6417 Normandy Ln

Property type
Other office properties, Office properties
Square Feet
21,714 SF
Class
B
Year Built
1994
Stories
2
Lot Size (sq. ft)
50,965 SF

Location Insight

City
Madison
County
Dane
State
Wisconsin
Latitude
43.0282084
Longitude
-89.5214505
6417 Normandy Ln, Madison, Wisconsin

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6417 Normandy Ln
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