May be combined with 4600 American Pkwy 5133 W Terrace Dr 77,817 sq ft 84% Let 4-Star Office Property Madison, WI 53718 £7,333,032 (£94.23/sq ft) 7.99% Net Initial Yield

CBRE is pleased to present the opportunity to purchase two impeccably maintained office buildings (other building is 4600 American Pkwy) in Madison Wisconsin. The offering provides an investor the value-add opportunity to further increase occupancy and drive rents, while maintaining a diverse and loyal base of existing tenants. The buildings are just one-block apart – making it convenient to manage and maintain. Each building boasts impressive lobbies with modern finishes, ample on-site parking, fitness center, conference center, mature landscaping and walking trails within the American Business Park
Combined NOI: $1,342,558
Cap Rate: 8.0%
Price: $9,750,000 (W Terrace)
Price: $7,000,000 (American Pkwy)
Click on the link for more information and access to the full offering memo and financials: www.madisonofficeportfolio-cbre.com
This 4-story glass and brick faced professional office building is highly visible from Interstate 90/94 and U.S. Highway 151 and has significant exposure to over 74,000 cars per day. Efficient, large floorplate design offers tenants optionality. The building sits on 7.5 acres and with more than ample parking, its very possible the building could be expanded. Current vacancy provides an exceptional opportunity for NOI growth.
This is a rare chance to acquire two cash-generating office buildings with value-add potential at an attractive discount to replacement cost.