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2358 East Springs Drive
Madison, WI 53704
Asking Price
$5.23M
Cap Rate
7.17%
Asset Type
Shopping Center Retail
Class
Class B
What's Special
Retail | 7.17% Cap Rate | 29,320 SqFt <p><strong>THE ASSET: </strong>East Springs Drive Center was constructed in 2003 and is improved by two buildings totaling 29,320 rentable square feet. Positioned on a 3.13-acre parcel, the Property is 100% leased to an attractive mix of local and regional retailers and service tenants. The Property is home to The Auto Group Club, Phenix Salon Suites, Spring Nails Supply, Positive Vibes, Dwellers Focus, 2nd Wind Fitness/Johnson Health, La Vie Nails & Spa and Agrace Hospice Care Thrift Store.</p>
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NOI
$80,000
Cap Rate
1.53%
DSCR
0.26
Underwater
Cash-on-Cash
-14.69%
Monthly Payment
$25,882.4
Annual Cash Flow
$-230,588.798
