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1212 Fourier Dr B, Madison, WI 53717 Sold for $6,625,000 on 12/05/2022
Features of 1212 Fourier Dr B, Madison, WI 53717
WI > Dane > Madison > 1212 Fourier Dr B
- Commercial/Business
- Status: Sold
- County: Dane
- Est. Square Footage: 36,113
- Acreage: 3.8
- Property Taxes: $32,058
- Property Tax Year: 2021
- MLS#: 1933926
- Listing Company: Berkshire Hathaway Homeservices True Realty
- Zip Code: 53717
- Number of Units: 2
Property Description for 1212 Fourier Dr B, Madison, WI 53717
1212 Fourier Dr B, Madison, WI 53717 - 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.
Basement
- Walkout/Outside entrance
Interior Features
- Heating/Cooling: Central air, Forced air, Zoned heating
- Water Waste: Municipal water
- Inclusions: NNN Leases on both properties.
Building and Construction
- Industrial, Office, Other
- Roof: Tar & gravel
- Construction Type: E
Land Features
- Waterfront/Access: N
| MLS Number | New Status | Previous Status | Activity Date | New List Price | Previous List Price | Sold Price | DOM |
| 1933926 | Sold | Offer-No Show | Dec 5 2022 12:00AM | $6,625,000 | 164 | ||
| 1933926 | Sold | Offer-No Show | Dec 5 2022 12:00AM | $6,625,000 | 164 | ||
| 1933926 | Offer-No Show | Expired | Nov 18 2022 8:52PM | 164 | |||
| 1933926 | Expired | Offer-Show | 164 | ||||
| 1933926 | Offer-Show | Active | Jul 27 2022 2:07PM | 164 | |||
| 1933926 | Active | Delayed | May 11 2022 1:03PM | 164 | |||
| 1933926 | Delayed | May 11 2022 11:59AM | $8,499,000 | 164 |
Community Homes Near 1212 Fourier Dr B
| Madison Real Estate | 53717 Real Estate |
|---|---|
| Madison Vacant Land Real Estate | 53717 Vacant Land Real Estate |
| Madison Foreclosures | 53717 Foreclosures |
| Madison Single-Family Homes | 53717 Single-Family Homes |
| Madison Condominiums |
The information which is contained on pages with property data is obtained from a number of different sources and which has not been independently verified or confirmed by the various real estate brokers and agents who have been and are involved in this transaction. If any particular measurement or data element is important or material to buyer, Buyer assumes all responsibility and liability to research, verify and confirm said data element and measurement. Shorewest Realtors is not making any warranties or representations concerning any of these properties. Shorewest Realtors shall not be held responsible for any discrepancy and will not be liable for any damages of any kind arising from the use of this site.
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