Updated Dec 4, 2024
BND Holdings Acquires Industrial Property In Madison, WI For $3.775M
2918 Agriculture Drive
$3,775,000
$82/SF
Building Size
46,000 SF
Asset Type
Industrial
Closing
Dec 18, 2023
About this deal
AI
Located at 2918 Agriculture Drive in Madison, WI, this industrial property was recently sold for $3,775,000. Spanning across 46,000 square feet, the property was purchased at an average price of $82 per square foot.
Summary of transaction details:
- Property Type: Industrial
- Sale Price: $3,775,000
- Square Footage: 46,000
- Price per Square Foot: $82
- Address: 2918 Agriculture Drive, Madison, WI
- Market: Madison, WI
The buyers of this property are Martin Segal, Rebecca Weinerman, and Rob Logan, represented by BND Holdings. The seller in this transaction was Wayne Watters.
On the Map
$3,775,000
$82/SF
Industrial
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Players
Madison Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.20%
Cash-on-Cash
-1.20%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93