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805 Uniek Drive

Josh Honig, Jared Rechnitz & Eyal Greenberg Acquire Industrial Asset In Waunakee For $14M
SOLDIndustrial

Josh Honig, Jared Rechnitz & Eyal Greenberg Acquire Industrial Asset In Waunakee For $14M

805 Uniek Drive

$14,000,000

$54/SF

Building Size

255,142 SF

Asset Type

Industrial

Closing

Apr 1, 2025

AI

The industrial asset located at 805 Uniek Drive in Waunakee, part of the Madison MSA, has been sold for $14,000,000. The property spans 255,142 square feet, resulting in a price per square foot of $54.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $14,000,000
  • Address: 805 Uniek Drive
  • Market: Waunakee (Madison MSA)
  • Square Footage: 255,142
  • Price per Square Foot: $54
  • Buyers: Josh Honig, Jared Rechnitz & Eyal Greenberg - Greenmont Group; Charles Alexander, Tal Seder & Jon Mirkin - Sabal Investment Holdings
  • Brokers: Benjamin Filkouski, CCIM, Mike Herl, SIOR & Mike Osborne, CCIM & SIOR - Madison Commercial Real Estate

The transaction involved prominent buyers from two distinct groups, Greenmont Group and Sabal Investment Holdings, each consisting of multiple representatives contributing to the deal. The brokerage services were provided by a well-established team from Madison Commercial Real Estate, showcasing the collaborative efforts in facilitating this industrial sale.

Players

Benjamin Filkouski

Madison Commercial Real Estate

Broker

$14M

vol

1 deal

Broker
Eyal Greenberg

Eyal Greenberg

Buyer

$35.5M

vol

2 deals

Buyer
Sabal Investment Holdings
Sabal Investment HoldingsBuyer

Waunakee Industrial Market Snapshot

Boundary boundary · Industrial · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.13%

Cash-on-Cash

-0.32%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93