Updated Dec 4, 2024
Madison YMCA Purchases Office Property In Madison For $1.07M With Seller's Rep
100 Kings Road
$1,070,000
$140/SF
Building Size
7,600 SF
Asset Type
Office
Closing
Mar 22, 2024
About this deal
AI
The property located at 100 Kings Road in Madison, a 7,600 square foot office, was recently sold for $1,070,000, at a price per square foot of $141. The transaction was finalized on March 22, 2024, with the seller being represented by Michael Taccetta from Newmark Associates CRE.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $1,070,000
- Buyer: Madison YMCA
- Seller's Rep: Michael Taccetta - Newmark Associates CRE
- Market: Madison
- Address: 100 Kings Road
The Madison YMCA expanded their facilities by acquiring the property adjacent to their current location. This strategic purchase will allow them to enhance their services to the community of Madison, showcasing their commitment to better serve their members.
On the Map
$1,070,000
$140/SF
Office
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Madison Office Market Snapshot
Boundary boundary · Office · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
14.83%
Cash-on-Cash
-4.24%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93