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
Waunakee 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
1.13%
Cash-on-Cash
-0.32%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93