W8622 Willis Ray Rd - Warehouse FOR SALE


Whitewater, WI 53190
$2,400,000 USD
972-755-5223
W8622 Willis Ray Rd, Whitewater, WI for Sale
$2,400,000 USD
Warehouse - FOR SALE
1/12
null | 9.27% Cap Rate

W8622 Willis Ray Rd
Whitewater, WI 53190


HIGHLIGHTS

  • Single-Tenant ±42,334-Square-Foot Manufacturing/Warehouse Situated on ±2.65 Acres
  • Features Metal Construction, ±12' to 20' Clear Height, Two Dock Doors, and One Drive-In Door
  • Recently Renewed Five-Year NNN Lease at $5.26/SF with 3% Annual Escalations and Two Five-Year Renewal Options | Generating 9.27%Cap Rate
  • Leased to All States Ag Parts, LLC (Parts ASAP), Leading North American Parts Distributor for Agricultural, Construction, and Industrial Equipment
  • Situated in Outperforming Walworth West Submarket with 1.4% Vacancy Rate vs. 7.8% National Average
  • Primely Situated in Agricultural Basin Along U.S. 12 with Proximity to I-43 and I-90

OVERVIEW

The property for sale is a manufacturing and warehouse facility that spans ±38,291 square feet, situated on a 2.37-acre plot of land. This facility also includes a bonus 2,400-square-foot garage, providing additional storage or operational space. The buildings are constructed of metal, offering durability and low maintenance. With clear heights ranging from 14 to 18 feet, the facility accommodates a variety of manufacturing and storage needs. The property features four docks and three drive-in doors, including the bonus garage, facilitating efficient loading and unloading operations. The ample parking area includes 35 spaces, catering to employees, visitors, and potential clients. This setup is ideal for companies requiring a mix of manufacturing, storage, and office space. The current lease is structured as a triple-net lease, which runs through November 2027 at a rate of $5.91 per square foot, with annual escalations of 1.5 percent and one three-year renewal option. This lease structure allows for predictable expenses and provides the tenant with control over operational costs. The tenant, Kramer Madison, is a marketing, printing, and branding company that specializes in helping businesses create, promote, and distribute marketing materials. The tenant's business operations are well-suited to the facility's layout and features. The property's location is strategic, situated along State Trunk Highway 113 and in close proximity to Interstate 90, ensuring easy access to major transportation routes. The facility is also just 4.0 miles from the Dane County Regional Airport, making it an attractive location for businesses that require convenient air travel or shipping options. The local market fundamentals are strong, with a low vacancy rate of 2.6 percent among comparable properties between 10,000 and 100,000 square feet in Dane County, as reported during Q2 2026 by Costar. This low vacancy rate indicates a competitive market with high demand for industrial space. The property's features, lease terms, and location all contribute to its appeal and value. The overall package presents an attractive opportunity for investors seeking a stable and profitable industrial property. The strong market and secured lease make this property a valuable addition to any investment portfolio.

FOR SALE DETAILS

PRICE

$2,400,000 USD

PRICE/SF

$57 USD /SF

CAP RATE

9.27%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Five-Year Single-Tenant Industrial

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1970

UTILITIES

-

CLEAR CEILING HT

20 Ft

DOCKS

2

DRIVE INS

1

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.65

LAND SF

115,434

ZONING

M-1

APN/PARCEL ID

DW900001B

ASK ABOUT THIS PROPERTY

Adam AbushagurMarcus & MillichapMore Info
972-755-5223

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Adam AbushagurMarcus & MillichapMore Info
972-755-5223

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.