Franklin Street Brokers $24.4 Million Sale of 83-Unit Community Near University of Wisconsin-Madison

Madison, Wis. — Franklin Street has brokered the $24.4 million sale of The Depot, an 83-unit community located near the University of Wisconsin campus in Madison. Built in 2010, the property spans 73,000 square feet and includes underground parking and a CVS Pharmacy on the ground floor. Shared amenities include a fitness center, rooftop terrace, electric vehicle charging stations and indoor bike storage. The community was 98 percent occupied at the time of sale. Franklin Street represented the seller, Depot Development LLC, in the disposition of the property to Kismet Real Estate. The new ownership plans to begin unit upgrades imminently…

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