3 Story Office Building

2917 International Lane Madison, WI 53719

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FOR SALE Incentives
Property Type:
Multi Tenant Office
Amount:
$1,850,000
Last Verified:
May 22, 2017

Highlights

  • Great Investment or owner/occupant opportunity
  • Well Maintained Property
  • Plenty Of Parking
  • Convenient Location - Close to Airport and Madison College
  • AT&T Rooftop Cellular Lease Provides Solid Additional Income

Description

BANK OWNED - Three story class "B" single tenant office building on International Lane in Madison Wisconsin, perfect for owner/occupant. Each floor has lots of windows for natural light and great views. 2nd Floor features many large offices or shared offices on the perimeter with restrooms, break room and work area in center. 3rd floor features smaller private offices on perimeter with open cubical work area in center, restrooms, large break room and very large conference/training room with dividers. Building is ADA compliant and has a full wet sprinkler system in place. Most of the buildings HVAC system have been updated within the last 10 years. 122 paved parking stalls. Current single tenant lease expires end of 2016. AT&T rooftop cellular lease in place for additional income. Note: All offers must include Bank's REO Addendum AB to be considered.

Located near the corner of International Lane and Darwin Rd, this property is very close to the entrance to the Dane County Regional Airport and Madison College in the Air Park Business Center.


Year Built: 1988
Building Size: 39960.0sq ft
Building Class: B
Lot Size: 2.28 acres

Map of 2917 International Lane, Madison, WI, 53719

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.