Why Lease When You Can Own For Less Do the Math... Lease $10SqFt x 1300SqFt = $15,600yr / 12mo = $1300 Second Year assume 5% escalation = $1365 Third Year = $1433 and so on... (assuming gross lease opposed to net or triple net!)
Purchase $89SqFt x 1300SqFt = $115,70000 @ 6% = $693mo (assume 30yr fixed with nothing down)
We understand that property taxes would also need to be paid, so... assume $35SqFt for build-out x 1300SqFt = $45,500+ $115,700=$161,200 Taxes are roughly 2% of $161,200 = $3224/12 = $268+$693=$961mo (estimated build-out $25-$35/SqFt)
Commercial Space | ReMax Preferred | (608) 213-0906
8201 Mayo Drive, Madison, WI
BRAND NEW PROMONTORY BUILDING HAS FIVE PRIME MERCANTILE SPACES AVAILABLE FOR LEASE AT $12.00 PER SF OR BUY AT $89 SF. OWNER WILL PROVIDE WHITE BOX.
Retail/Commercial
offered at $104,000
Year Built
2007
Sq Footage
1,305
Floors
1
Parking
Uncovered spaces
Lot Size
1.25 acres
Maint
$0 per month
DESCRIPTION
These are a great value in a maturing neighborhood and the first of several mixed use "Town Square" buildings. They are white box ready and aproximately 1300-2800SqFt. [could split or combined] Corner unit has large fenced patio area. If you are considering a new start-up or location for office/retail look into buying vs. renting at this location. At $89 SqFt save money over leasing and give you an edge.
see additional photos below
PROPERTY FEATURES
- Great visability sited on hilltop
- Signage
- Ample surface and street side parking
LOCATION FEATURES
- High density Traditional Neighborhood Development
