2521 Washington AveMadison, WI 53704

Property Details for 2521 Washington Ave

Year built

2022

Lot size

3.00 AC

Zone code

PD

Property type

Apartment buildings

APN

0710-061-3512-5

APU

71006135125

Description

This exceptional commercial property, Nexus & Carbon at Union Corners, offers a diverse range of office spaces in Madison, Wisconsin. Located at 2521 E Washington Ave, in Dane County, this prime location boasts excellent visibility on the busy East Washington corridor. The two, five-story buildings, constructed in 2022, comprise a total of 110,525 square feet of Class A space. Units are available in sizes ranging from a minimum of 650 square feet to a maximum contiguous space of 6,000 square feet, with 10,722 square feet currently vacant. Ideal for a variety of businesses, including offices, retail stores, and food service establishments, these spaces benefit from a large local resident base. One end-cap suite includes a desirable patio area. Net, Net, Net (NNN) expenses are included in the lease rate, and tenant improvement allowances may be available depending on lease terms. The property's address is 2521 E Washington Ave, Madison, WI 53704, and is conveniently situated near Milwaukee St.

• CAP approach

  CAP return

  Valuation

  6%

  $29,248,972

  6.5%

  $26,999,050

  7%

  $25,070,548

• Comparable approach

  Method

  Valuation

  Relative Method

  $20,557,004

  Geo Method

  $26,373,776

• Alternative Use

  Use

  Valuation

  Residential

  $26,999,050

  Hospitality

  $24,730,986

  Educational

  $20,575,890

  Medical

  $21,283,526

  Retail

  $32,006,940

Location Insight

City

Madison

County

Dane

State

Wisconsin

Latitude

43.0995

Longitude

-89.3485

CBSA code

31540

CBSA name

MADISON, WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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