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Wi2Wi Industrial Facility 8840 N Greenview Dr 39,972 SF Industrial Building Middleton, WI 53562 $9,048,390 CAD ($226.37 CAD/SF) 8.05% Cap Rate
Investment Highlights
- Long-Term Tenant Commitment: Tenant has occupied the property since 2005 and signed a 12-year lease extension in 2024
- Attractive Rental Increases: Annual rent escalations during the primary lease term and option periods
- Specialized Facility: 39,972 SF building on 2.25 acres, consisting of 18,380 SF of office space and 21,592 SF of industrial space
- Absolute Net Lease Structure: Rare absolute net lease with zero landlord responsibilities
- Potential Excess Land Opportunity: Separate 0.90-acre parcel currently leased to the tenant may offer future flexibility for a sale, or ground lease
- High-Finish Manufacturing Space: Property includes clean rooms and lab space that are critical to the tenant’s specialized manufacturing operations
Executive Summary
Long-Term Tenant Commitment: Tenant has occupied the property since 2005 and signed a 12-year lease extension in 2024
Property Facts
| Price | $9,048,390 CAD | Rentable Building Area | 39,972 SF |
| Price Per SF | $226.37 CAD | No. Stories | 1 |
| Sale Type | Investment | Year Built | 1998 |
| Cap Rate | 8.05% | Tenancy | Single |
| Property Type | Industrial | Parking Ratio | 2.2/1,000 SF |
| Property Subtype | Warehouse | Clear Ceiling Height | 18’ |
| Building Class | C | No. Dock-High Doors/Loading | 1 |
| Lot Size | 2.25 AC | No. Drive In / Grade-Level Doors | 1 |
| Zoning | C | ||
| Price | $9,048,390 CAD |
| Price Per SF | $226.37 CAD |
| Sale Type | Investment |
| Cap Rate | 8.05% |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | C |
| Lot Size | 2.25 AC |
| Rentable Building Area | 39,972 SF |
| No. Stories | 1 |
| Year Built | 1998 |
| Tenancy | Single |
| Parking Ratio | 2.2/1,000 SF |
| Clear Ceiling Height | 18’ |
| No. Dock-High Doors/Loading | 1 |
| No. Drive In / Grade-Level Doors | 1 |
| Zoning | C |
Amenities
- Bus Line
- Signage
Somewhat walkable
30/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $7,269,477 CAD | |
| Land Assessment | $863,495 CAD | Total Assessment | $8,132,972 CAD |
Property Taxes
Parcel Numbers
Land Assessment
$863,495 CAD
Improvements Assessment
$7,269,477 CAD
Total Assessment
$8,132,972 CAD
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Wi2Wi Industrial Facility | 8840 N Greenview Dr
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