For Sale
$530,000

5999 Monona Dr Monona, WI 53716

High-yield office condo, strong tenant.

Overview

Added:
Dec 11, 2024
Days on market:
137
This exceptional investment opportunity presents a 3,845 square foot Class B office condo in Monona, Wisconsin, currently 100% occupied by FINN Partners under a net lease. The property, built in 2005, boasts a stabilized investment profile with an 8.00% cap rate and an asking price of $530,000. A five-year lease with over four years remaining provides a secure and reliable income stream for the investor. FINN Partners, a leading global communications agency, serves as a strong and reputable tenant. The property is situated in a vibrant business district, offering high visibility and convenient access to major transportation routes. This location benefits from a diverse mix of businesses, restaurants, and amenities, enhancing its appeal. The single-tenant occupancy and long-term lease provide stability and minimize vacancy risk. This investment is ideal for those seeking a diversified portfolio with a strong return and potential for future appreciation. The property's location in Dane County, Wisconsin, at 5999 Monona Dr, zip code 53716, further enhances its desirability. This is a compelling opportunity to acquire a well-located, income-producing asset in a thriving market.

Property Details for 5999 Monona Dr

Property type
Office properties
Square Feet
3,845 SF
Class
B
Year Built
2005

Location Insight

City
Monona
County
Dane
State
Wisconsin
Latitude
43.054938
Longitude
-89.3257794

FAQs

What type of property is this?
Office property - High-yield office condo, strong tenant.
Where is the office property located?
The property is located at 5999 Monona Dr Monona, WI.
What is the asking price?
The asking price for this property is $530,000.
How can I contact the broker?
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5999 Monona Dr
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