Ideal hands-off investment opportunity with a 6.76% CAP in 2022. Listing includes two buildings, both fully leased (100%) by single tenant through 2026. Ideal investment for a 1031 Exchange and/or passive income generation. Tenant has been in place since its acquisition of Madison based company that previously occupied the buildings. Buildings house specialized office, lab, warehouse, and production processes and equipment. Leases include 3% annual escalations. Tenant maintains property but passes through management fee of 5% of lease total to owner.
Courtesy of: Berkshire Hathaway HomeServices True Realty Copyright 2022, South Central Wisconsin MLS Corporation. IDX information is provided exclusively for consumers’ personal, non-commercial use and that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This information, provided by seller, listing broker, and other parties, may not have been verified. All rights reserved. Updated: 7th October, 2022 2:44 PM (UTC)