AMERICAN PKWY. FOR SALE CLASS A OFFICE HEADQUARTERS 4800 American Parkway, Madison, WI
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1 FOR SALE CLASS A OFFICE HEADQUARTERS American Parkway, Madison, WI
2 American Parkway Overview American Parkway is a Class A, 3-story, approximately 34,000 SF office building, within The American Center business park, on the northeast side of Madison. The property is 100% owner-occupied, and will be vacated in full sometime between Q & Q The building is situated prominently at the stoplight-controlled intersection of American Parkway and Buttonwood Drive. American Parkway has been substantially renovated, and offers substantial IT infrastructure, ample parking, and prominent building and monument signage. The property is surrounded by professional corporate users including American Family Insurance, Alliant Energy, Baker Tilly, U.S. Cellular, and UW Health, along with amenities including several hotels, restaurants, and daycare facilities. American Parkway is located in between the two major retail corridors of East Towne Mall in Madison, and Prairie Lakes/Grand Avenue in Sun Prairie, offering countless additional amenities within a short drive.
3 Property Details PRICE: $4,650,000 BUILDING SIZE: 33,486 SF (Per Assessor) First Floor: 12,495 SF Second Floor: 11,095 SF Third Floor: 9,896 SF PARCEL SIZE: 180,167 SF (4.14 Acres) YEAR BUILT: 1994 (major renovation in 2008/2009, including renovated retail bank branch and new finishes in majority of the building). ASSESSED VALUE: $6,212,000 (2017) TAXES: $143, (2016) PARKING: Approximately 125 stalls (3.75 stalls/1,000 SF) ZONING: SEC Suburban Employment Center HVAC: Hot Water VAV system with one RTU for each floor (replaced 2008) ROOF: New roof in 2008 (ballasted rubber membrane roof) CONSTRUCTION TYPE: 3-Story, slab-on-grade foundation, steel structure with poured concrete floors, brick and glass exterior. USE: Professional office space and retail bank branch with 4 driveup lanes and one ATM lane. Drive-up/Teller equipment and retail branch fixtures may stay. SIGNAGE: Prominent building signage facing American Parkway and visible from Hwy 151. Monument signage at both driveways. IT INFRASTRUCTURE: Datacenter located on 2nd floor with two dedicated cooling units. Substantial bandwidth from multiple fiber providers. Fiber and copper (telcom grade and Cat 6) Cable running through building is a mix of Cat 6 and Cat 5. Data Providers: Charter (10 Gig) WINs (1 Gig) Windstream (10 Gig) TelcomOne (1 Gig) Voice Providers: AT&T TelcomOne TDS EMERGENCY POWER: Cummins backup generator onsite 125kw. 480V) added in 2010, and Emerson UPS system. Generator covers critical systems/datacenter, and some of the office areas. ELEVATORS: Two elevators (1 front, 1 rear). Rear elevator serves as freight elevator and alternate employee entrance, front elevator serves public access to 2nd and 3rd floors. FIRE PROTECTION: Fully sprinklered, wet system SECURITY SYSTEM: Card access system, alarm system, wired for cameras
4 Tenant Information The property is currently owned and 100% occupied by Summit Credit Union, who will be relocating to a new, larger headquarters in late 2019 or early Summit will lease back the property on a NNN basis until that time. Rental rate and leaseback terms are to be negotiated on a case-by-case basis. Summit is financially strong, and ranks as the 4th largest financial institution in Wisconsin (2nd largest credit union), with 34 locations, and over $2.7 Billion in assets, ensuring a solid income stream during the leaseback period. Summit has impeccably maintained the facility, including investing heavily in the property over the past 10 years, with a major renovation in 2008, and substantial IT infrastructure and service upgrades.
5 FIRST FLOOR PLAN 12,495 SF SECOND FLOOR PLAN 11,095 SF The floor plans above are for illustration purposes only, and are not 100% accurate 33,486 SF of Class A Office Space LOCATED ON A 4.14 ACRE SITE
6 THIRD FLOOR PLAN 9,896 SF The floor plan above are for illustration purposes only, and are not 100% accurate DEMOGRAPHIC PROFILE 1 MILE 3 MILES 5 MILES 2016 Population - Current Year Estimate 2,523 25, , Daytime Population 10,894 36, , Average Household Income $79,878 $78,032 $73,449
7 SITE Lake Mendota Lake Monona Lake Waubesa FOR MORE INFORMATION PLEASE CONTACT: CHASE BRIEMAN KEVIN ANDERSON CBRE, Inc. All rights reserved. This information has been obtained from sources believed reliable, but has not been verified for accuracy or completeness. You should conduct a careful, independent investigation of the property and verify all information. Any reliance on this information is solely at your own risk. CBRE and the CBRE logo are service marks of CBRE, Inc. All other marks displayed on this document are the property of their respective owners. Photos herein are the property of their respective owners. Use of these images without the express written consent of the owner is prohibited. PMStudio_May_2017
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