Investment Office Condo Unit

6629 University Ave Middleton, WI 53562

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FOR SALE Incentives
Property Type:
Multi Tenant Office
Amount:
$105,000
Last Verified:
Jun 22, 2017

Highlights

  • Investment office condo for sale
  • Fully leased through 9/30/2017
  • Great University Ave location w/signage available
  • 21,700 cars per day
  • Newly painted, new furnace, new carpet
  • Parking lot recently redone.

Description

Investment office condo unit! Fully leased through 9/30/17, great 2nd floor corner office space on University Ave in Middleton. 954 sf office space has reception, large private office, open work space, breakroom, bathroom and storage area. Furniture can be available. Newly painted, new furnace, new carpet. Parking lot recently redone. After current lease expires can be owner occupied. No elevator. Signage available, 21,700 cars per day. Tenant pays $675.75 per month with annual 3% rent increases plus utilities and janitorial. Owner pays taxes ($2,020/yr) and condo fee ($1,214/year). NOI: $4,872

Great 2nd floor corner office space available on University Ave in Middleton in move-in condition with new paint and carpet. Furniture can be included. 954 sf of finished office space with reception, large private office, open work space, break area, bathroom and storage area. Great rate: $8.85 psf or $704/month. Tenant pays in-suite janitorial and utilities including water & sewer. Signage available, 21,700 cars per day. More private offices can be added. Also for sale.

Right on University Ave, near Wells Fargo & Walgreens.

Building Size: 954.0sq ft
Building Class: B
Lot Size: 0.0 acres

Map of 6629 University Ave, Middleton, WI, 53562

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Real Estate Incentives (What is this?)
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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.