Wi2Wi Industrial Facility

Highlights:

• Long-Term Tenant Commitment: Tenant has occupied the property since 2005 and signed a 12-year lease extension in 2024
• Absolute Net Lease Structure: Rare absolute net lease with zero landlord responsibilities
• Attractive Rental Increases: Annual rent escalations during the primary lease term and option periods
• Potential Excess Land Opportunity: Separate 0.90-acre parcel currently leased to the tenant may offer future flexibility for a sale, ground lease, or redevelopment
• Specialized Facility: 39,972 SF building on 2.25 acres, consisting of 18,380 SF of office space and 21,592 SF of industrial space
• High-Finish Manufacturing Space: Property includes clean rooms and lab space that are critical to the tenant’s specialized manufacturing operations
• Global Tenant: Wi2Wi is a global manufacturer and provider of wireless connectivity solutions, timing devices, frequency control devices, and microwave filters
• Strong Local Demographics: Average household income exceeds $150,000 within 1 mile, with more than 91,000 residents within 5 miles
• Excellent Retail Amenities Nearby: Nearby national tenants include Costco, Ruth’s Chris, Starbucks, HomeGoods, Marshalls, Michaels, Cooper’s Hawk, IHOP, Taco Bell, Culver’s, and others

Description:

Our ISO 14644-1 & 2, Class 7 (FED-STD-209E), Class 10,000 clean room is located in the middle of our two manufacturing floors. This clean room is vital for the manufacturing of crystal frequency tolerances that produce highly stable devices. And although not a hard requirement for the manufacturing of frequency devices, our clean room ensures the highest level of quality for other commercial procedures such as base plating, plasma cleaning, vacuum sealing, etc.

The equipment in our clean room includes loading and cement stations (manual and automated), Saunders 5600 base platters with plasma cleaning, Crest ultrasonic wash tanks, Saunders 5250 final platters, Samco ozone strip systems, cold weld pre-seal tube ovens, cold weld vacuum sealers, ESP resistance welders and more. As our customers can see, no expense has been spared to make this clean room one of the industry's best for processing crystals.

The crystal tech room at Wi2Wi has some of the most modern process equipment available, including four-way polishing, Future Fab 2-Station Pre-Wash, Crest 6-Station Automated Wash and SemiTool Spin Dryer systems that are all in compliance ISO and Government standards.

With Crystal Filters being a large part of Wi2Wi's overall business, the second manufacturing floor area has dedicated assembly lines and in-depth test systems in place to accommodate not only small, moderate and high volumes of standard types, but also complex multi-pole filters, which are sold to the top names in the NAV/COM, radio and communication industries world-wide.

Middleton is a city in Dane County, Wisconsin, United States, and a suburb of the state capital, Madison. Middleton's motto is "The Good Neighbor City." The population was 21,827 at the 2020 census.

Madison is the county seat of Dane County and the capital city of the U.S. state of Wisconsin. As of the 2020 census the population was 269,840, making it the second-largest city in Wisconsin by population, after Milwaukee, and the 80th-largest in the U.S. Madison is named for American Founding Father and President James Madison.

As of 2021, Madison is the fastest-growing city in Wisconsin. Madison's economy features a large and growing technology sector, and the Madison area is home to the headquarters of Epic Systems, American Family Insurance, Exact Sciences, Promega, American Girl, Sub-Zero, Lands' End, Spectrum Brands, a regional office for Google, and the University Research Park, as well as many biotechnology and health systems startups. Madison is a popular visitor destination, with tourism generating over $1 billion for Dane County's economy in 2018.

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