1800 Milton Ave.

Investment Property For Sale in Janesville, WI

$4,500,000.00

  • Address: 1800 Milton Avenue, Janesville…
  • Building Size: 49,646sf
  • Site Size: 4.4 Acres
  • Parking: 232 striped spaces (expandable)
  • Zoning: B2 Community Shopping
  • Year Built: 1975/2013
  • Occupancy: 100% leased to Big Lots and Planet Fitness
  • Average Term Remaining: 4.9years (plus options)
  • Average In-Place Rent (per sf): $7.31NNN
  • As-is CAP Rate: 7.5%
  • As-is Net Operating Income: $363,889
  • Asking Price: $4,852,000 ($98 per square foot)

Property Highlights

  • Upside potential with below market rents
  • Priced well below replacement cost
  • High ceilings, fully sprinklered, well maintained
  • Located in the heart of Janesville‚Äôs busiest commercial district
  • Long Term National Tenants
  • Milton Avenue Frontage
  • Exceptional Visbility
  • Major 2013 expansion/renovation included:
  • New parking lot, exterior lighting and landscaping
  • New monument signage on Milton Avenue
  • Partial building tear-down and expansion for Planet Fitness
  • All new tenant finish for Planet

For More Information

Barry G. Badertscher
barry@badertscher-re.com
608-751-1495