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3920 Kennedy Rd
Janesville, WI 53545

$3,995,000 USD

Warehouse For Sale  •  61,234 SF

Property Details

  • Property Type Warehouse
  • Total Building Size 61,234 SF
  • Lot Size 6.38 AC
  • Building Class B
  • Year Built 1998
  • Tenancy Multiple
  • Zoning M1
0 Transit Score
20 Walk Score

Highlights

Current in-place NOI of $261,882 keeps the asset cash-flowing through the Union Corrugating transition, giving time to secure tenant at the right rate
Union Corrugating's 40,000 SF is leased below market at $3.66/SF. Re-leased at the $5.00/SF NNN market rate, that space alone adds $54,000/yr i
Costco-Innovel has 20,000 SF leased at $5.15/SF to national credit tenant at market rate provides stable income floor throughout the releasing period
$12,360/year in contractual telecom income from a creditworthy national carrier Capitalized at 6%, it represents approx. $206,000 in additive value
The 40,000 SF space features 2 dock doors and 2 at-grade doors with drive-through capability, 20' clear height, 1,600A 3-phase power, full sprinklers

Public Transportation

AirportDriveWalkDistance
Dane County Regional/Truax Field 52 min - 41.2 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 62
Type: Surface
Included in Rent: Yes
Adam Shultz 608-314-8257 Coldwell Banker Commercial McGuire Mears
Adam Shultz 608-314-8257 Coldwell Banker Commercial McGuire Mears