Contacts

William Mears

Coldwell Banker Commercial McGuire Mears & Associates

Adam Shultz

Coldwell Banker Commercial McGuire Mears & Associates

Property Details

Property Type Industrial - Warehouse/Distribution
Lot Size 6.38 Acre
Parking Spaces Avail. 40
Year Built 1998
Date Updated Jun 30, 2026

60,000 SF industrial investment property for sale in Janesville, WI. Situated on 6.38 acres in Janesville’s established Kennedy Road corridor, with convenient access to I-90 via Hwy 14 and Hwy 26. The asset offers $261,760 in current in-place NOI, anchored by a market-rate Costco-Innovel lease and additional cell tower income. A 40,000 SF space currently leased below market through August 2027 presents a clear value-add opportunity to re-lease at market rates while maintaining income during the transition.

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Highlights

$12,360/year in contractual telecom income from a creditworthy national carrier. Capitalized at 6%, it represents approx. $206,000 in additive value
Age: 31-40 Years Old
Costco-Innovel holds the anchor 20,000 SF leased at $5.15/SF to a national credit tenant at market rate provides a stable income floor throughout the re-leasing period
Lot Size: 5-10 Acres
Sewer: City
The 40,000 SF space features 2 dock doors and 2 at-grade doors with drive-through capability, 20' clear height, 1,600A 3-phase power, full sprinklers, and a 6.38-acre site
Union Corrugating's 40,000 SF is leased below market at $3.66/SF. Re-leased at the $5.00/SF NNN market rate, that space alone adds $54,000/yr in incremental NOI a value-add play with a known timeline
Water: City Water