CBRE is pleased to present the opportunity to purchase two impeccably maintained office buildings in Madison Wisconsin. (The other building is 5133 W Terrace Dr). 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 two 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 Center Business Park.
Combined NOI: $1,269,618
Cap Rate: 7.3%
Price: $17,350,000
For more information and to download the full offering memo and financials: www.madisonofficeportfolio-cbre.com
Preference is to sell both buildings together. This is a rare chance to acquire two cash-generating office buildings with value-add potential at an attractive discount to replacement cost.