3920 Kennedy Rd

Highlights:

• Clearance: 20
• Max Contiguous Area: 60520.0
• Age: 31-40 Years Old
• Sewer: City
• Lot Size: 5-10 Acres
• Water: City Water

Description:

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

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

$12,360/year in contractual telecom income from a creditworthy national carrier. Capitalized at 6%, it represents approx. $206,000 in additive value

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

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 $261,882 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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Listing ID: c62a1785-cb37-45bf-bde3-b6f2d0278412