Vantage Point V - LoopNet... Vantage Point V 2801 Coho Street Madison, WI 53713 Dan Holvick Partner...

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Vantage Point V 2801 Coho Street Madison, WI 53713 Dan Holvick Partner 608-828-8803 [email protected] Michael Brusca Senior Broker 608-828-8810 [email protected] Asking Price: $2,500,000 Cap Rate: 8.%

Transcript of Vantage Point V - LoopNet... Vantage Point V 2801 Coho Street Madison, WI 53713 Dan Holvick Partner...

Page 1: Vantage Point V - LoopNet... Vantage Point V 2801 Coho Street Madison, WI 53713 Dan Holvick Partner 608-828-8803 Dan.holvick@nggwi.com Michael Brusca Senior Broker 608-828-8810 Michael.brusca@nggwi.com

www.ngkf.com

Vantage Point V 2801 Coho Street Madison, WI 53713

Dan Holvick Partner 608-828-8803 [email protected]

Michael Brusca Senior Broker 608-828-8810 [email protected]

Asking Price: $2,500,000 Cap Rate: 8.%

Page 2: Vantage Point V - LoopNet... Vantage Point V 2801 Coho Street Madison, WI 53713 Dan Holvick Partner 608-828-8803 Dan.holvick@nggwi.com Michael Brusca Senior Broker 608-828-8810 Michael.brusca@nggwi.com

www.ngkf.com

Table of Contents

1. Property Overview

2. Building Details 3. Floor Plans

4. Tax Assessments

6. Maps

7. Current Tenants

8. Community Overview

Page 3: Vantage Point V - LoopNet... Vantage Point V 2801 Coho Street Madison, WI 53713 Dan Holvick Partner 608-828-8803 Dan.holvick@nggwi.com Michael Brusca Senior Broker 608-828-8810 Michael.brusca@nggwi.com

www.ngkf.com

Property Overview 2801 Coho Street is a Class B office investment opportunity . The buildings proximity to the Beltline Hwy provides tenants easy travel times to the entire Madison area and surrounding communities and is only minutes from Interstate 90/94 and 10 minutes to Downtown Madison.

Page 4: Vantage Point V - LoopNet... Vantage Point V 2801 Coho Street Madison, WI 53713 Dan Holvick Partner 608-828-8803 Dan.holvick@nggwi.com Michael Brusca Senior Broker 608-828-8810 Michael.brusca@nggwi.com

www.ngkf.com

Building Details Year Built: 1980

Location: 2801 Coho St, Madison, WI 53713-4574

Stories 3

Buildings 1

Zoning: C2- Commercial

Asking Price: $2,500,000

Occupancy 8%

Cap Rate 8.0%

Acres: 1.589 Acres

Building Size: 30,762 SF

Building Description:

Common area conference room available for tenant use

Common area vending service

Ample Parking on street and off– street lot

Vantage Point Business Park is conveniently located just off Hwy 12/18/14/151

Many restaurants & other services near-by

Visible Parking, Visible Signage

Beltline Traffic Counts of 115,000 VPD

Parking: 67 Parking spaces

Page 5: Vantage Point V - LoopNet... Vantage Point V 2801 Coho Street Madison, WI 53713 Dan Holvick Partner 608-828-8803 Dan.holvick@nggwi.com Michael Brusca Senior Broker 608-828-8810 Michael.brusca@nggwi.com

www.ngkf.com

Floor Plan (Floor 1)

Page 6: Vantage Point V - LoopNet... Vantage Point V 2801 Coho Street Madison, WI 53713 Dan Holvick Partner 608-828-8803 Dan.holvick@nggwi.com Michael Brusca Senior Broker 608-828-8810 Michael.brusca@nggwi.com

www.ngkf.com

Floor Plan (Floor 2)

Page 7: Vantage Point V - LoopNet... Vantage Point V 2801 Coho Street Madison, WI 53713 Dan Holvick Partner 608-828-8803 Dan.holvick@nggwi.com Michael Brusca Senior Broker 608-828-8810 Michael.brusca@nggwi.com

www.ngkf.com

Floor Plan (Floor 3)

Page 8: Vantage Point V - LoopNet... Vantage Point V 2801 Coho Street Madison, WI 53713 Dan Holvick Partner 608-828-8803 Dan.holvick@nggwi.com Michael Brusca Senior Broker 608-828-8810 Michael.brusca@nggwi.com

www.ngkf.com

2018 Tax & Assessments

2801 Coho Street

2018 Taxes: $53,225.58

2018 Assessments:

Land $616,000.00 Improvements $1,739,000.00

Total: $2,355,000.00

Page 9: Vantage Point V - LoopNet... Vantage Point V 2801 Coho Street Madison, WI 53713 Dan Holvick Partner 608-828-8803 Dan.holvick@nggwi.com Michael Brusca Senior Broker 608-828-8810 Michael.brusca@nggwi.com

www.ngkf.com

Parcel

Page 10: Vantage Point V - LoopNet... Vantage Point V 2801 Coho Street Madison, WI 53713 Dan Holvick Partner 608-828-8803 Dan.holvick@nggwi.com Michael Brusca Senior Broker 608-828-8810 Michael.brusca@nggwi.com

www.ngkf.com

Local Map

Page 11: Vantage Point V - LoopNet... Vantage Point V 2801 Coho Street Madison, WI 53713 Dan Holvick Partner 608-828-8803 Dan.holvick@nggwi.com Michael Brusca Senior Broker 608-828-8810 Michael.brusca@nggwi.com

www.ngkf.com

Madison, WI

Madison is the state capitol of Wisconsin and home to the University of Wisconsin-Madison, a state university with an enrollment of approximately 43,000 (endowment of $1.87B). Madison is located 75-miles west of Milwaukee, the most populous city in the state and 120 miles northwest of Chicago. Madison’s population was 248,951 as of 7/1/2015 making it the second largest city in Wisconsin. Dane County is the fastest growing County in the state of Wisconsin; the growth is fueled by the sprawl of the surrounding communities - Verona, Fitchburg, Sun Prairie, and Middleton. The Madison, WI MSA has current population of 569,000 and is projected to grow by 27% to over 740,000 over the next 30 years. Madison’s economy has proved to be very stable through the past several recessions. This is due mostly to the concentration of government jobs in the capitol city as well as the presence of the University. In addition, there is a large bio-tech presence which is driven by firms’ desire to be close to the University and the talented young workforce that it churns out year after year

Page 12: Vantage Point V - LoopNet... Vantage Point V 2801 Coho Street Madison, WI 53713 Dan Holvick Partner 608-828-8803 Dan.holvick@nggwi.com Michael Brusca Senior Broker 608-828-8810 Michael.brusca@nggwi.com

www.ngkf.com

Accolades

• Ranked #1 “Most Secure Place to Live in America”- Farmers Insurance Group, Dec. 2010 • Ranked #1 “Best City for Young Adults”- Kiplinger, July 2012 • Ranked #2 “Best Small Metro College Towns”- AIER.org, October 2012 • Ranked #2 “Best-Run City in America” - 24/7 Wall Street, January 2013 • Ranked #3 “City for Young Professionals” - Forbes 2012 • Ranked #4 “Best Cities for Health Care” - The Daily Beast, January 2011 • Ranked #4 “Brainiest City” - Atlantic Cities, June 2012 • Ranked #5 “Top 100 Places to Live in America” - Livability 2014 • Ranked #5 “City to Ride Out a Depression” - Business Week, 2011 • Ranked #5 “Best Cities for High-Tech jobs” - 24/7 Wall Street 2013 • Ranked #6 “Bike Friendly City” - Bicycling Magazine, June 2012 • Ranked #8 “Happiest, Healthiest Cities in America”- Prevention.com. Sept. 2011 • Ranked #8 “Best places to live in America (Middleton)” - Money Magazine 2007 & 2011 • Ranked #15 “Most Socially Networked City in the U.S.”- Men’s Health, March 2011 • UW-Madison: “Top 20 Universities in the World” - Times Higher Education 2013 • “City with Best Job Market” - Portfolio.com, July 2011 • “Best College Sports Town” - Sports Illustrated 2003 • “Best City for Men” - Men’s Health 2011 • “Safest Places to Live” - Washington Post, August 2012 • State Street is Top 8 Shopping Districts in America - MSN, January 2012 • According to Men’s Health Magazine, Madison is the most educated city in America with

53.3% of adults over 25 having a bachelor’s degree and 22.6% having a master’s or doctorate degree.

Page 13: Vantage Point V - LoopNet... Vantage Point V 2801 Coho Street Madison, WI 53713 Dan Holvick Partner 608-828-8803 Dan.holvick@nggwi.com Michael Brusca Senior Broker 608-828-8810 Michael.brusca@nggwi.com

www.ngkf.com

By The Numbers

Page 14: Vantage Point V - LoopNet... Vantage Point V 2801 Coho Street Madison, WI 53713 Dan Holvick Partner 608-828-8803 Dan.holvick@nggwi.com Michael Brusca Senior Broker 608-828-8810 Michael.brusca@nggwi.com

www.ngkf.com

Current Tenants Paychex Paychex, Inc. is a recognized leader in the payroll, human resource, and benefits outsourcing industry, with a steadfast commitment to success and a record of achievement that continues a tradition of delivering excellence.

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Hemb Insurance Group Hemb Insurance Group offers its clients a unique approach to employee benefits management. We combine unmatched market knowledge and experience, proprietary client tools, and a ‘hands-on’ approach to assist our clients in navigating the always changing employee benefits landscape.

World Financial Group World Financial Group (WFG) is a multi-level marketing company based in Johns Creek, Georgia, a suburb of Atlanta, which sells investment, insurance, and various other financial products through a network of distributors in the United States, Canada, and Puerto Rico. It is a wholly owned by Transamerica, a subsidiary of Aegon.

Cartridge Savers Cartridge Savers has been in operation since 1994. We specialize in helping businesses fulfill their IT needs. Our business has grown over the years by being a major State of Wisconsin and Federal Government contract supplier

United Cerebral Palsy UCP educates, advocates and provides support services to ensure a life without limits for people with a spectrum of disabilities. UCP works to advance the independence, productivity and full citizenship of people with disabilities through an affiliate network that has helped millions.

Rape Crisis Center Serving Dane County since 1973, the Rape Crisis Center (RCC) provides services to survivors (and their family and friends) of all forms of sexual violence, including recent sexual assault, past sexual assault, incest (past or present), sexual harassment, and sexual exploitation.

Fairway Independent Mortgage Corporation At Fairway Independent Mortgage Corporation, customer service is a way of life. We are dedicated to finding great rates and loan options for our customers while offering some of the fastest turn times in the industry. Our goal is to act as a trusted advisor, providing highly personalized service and helping you through every step of the loan process – from application to closing and beyond