1002 Deming Way - Office FOR SALE


Madison, WI 53717
$9,000,000 USD
608-400-4541
1002 Deming Way, Madison, WI for Sale
$9,000,000 USD
Office - FOR SALE
1/7
null | 7.36% Cap Rate

1002 Deming Way
Madison, WI 53717


HIGHLIGHTS

  • Fully occupied office property with long term lease in place.
  • Well-designed, impeccably maintained, 2-story office building on a heavily wooded lot.
  • Easily accessible location just 1 mile from Highway 12/18.
  • Conveniently located near national retailers, and hotels.

OVERVIEW

Cresa is pleased to present a premier investment opportunity at 1002 Deming Way in Madison, WI. This two-story, Class A office building, totaling 38,395 square feet, is located on a scenic 9.2-acre wooded lot within the highly desirable Old Sauk Trails Business Park on Madison, Wisconsin's West Side. Built in 1994 and refurbished in 2018 (new roof, new interior finishes and kitchen area, locker rooms with showers, new heat pumps, and new boilers), the property is fully leased to Singlewire Software, a leading software company that occupies the building as its corporate headquarters. The current lease runs through May 31, 2034, with two additional 5-year renewal options, offering investors long-term income stability and an attractive return. The property features abundant surface parking and excess land for future expansion. It is also conveniently located near a variety of dining, retail, and hotel accommodations, enhancing convenience for employees and visitors. Given its prime location, strong tenant profile, and secure long-term lease, this property presents an exceptional investment opportunity.

FOR SALE DETAILS

PRICE

$9,000,000 USD

PRICE/SF

$234 USD /SF

CAP RATE

7.36%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Deming Oaks

PROPERTY TYPE

Office

ADD'L SUBTYPES

Industrial Live/Work Unit

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

1994

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

9.09 AC

LAND SF

395,960 SF

ZONING

SEC

APN/PARCEL ID

0708-153-0301-4

ASK ABOUT THIS PROPERTY

Tim RikkersCresaMore Info
608-400-4541

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Tim RikkersCresaMore Info
608-400-4541

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