Find Property | Real Estate
1212 Fourier Dr , Madison, , 53717
Brokered By: Berkshire Hathaway HomeServices True Realty
|Cross Street:||Fourier Dr|
|Lot Square Feet:||574543|
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.