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111-133 E Silver Spring Dr
Milwaukee, WI 53217
Office Property For Sale
INVESTMENT HIGHLIGHTS
- Property is for sale alone or as part of a portfolio.
- Neighborhood retail/office property located in mature high-demand submarket with coveted demographics.
EXECUTIVE SUMMARY
A rare opportunity to own an exceptional Whitefish Bay commercial building portfolio on in-demand east Silver Spring Drive is now possible. Well known neighborhood retail building in the heart of “the Bay” offering outstanding existing tenants and quick relet when a rare vacancy occurs. As part of the ever-popular “Bay” shopping district, foot traffic, visibility and out-the-door lifestyle amenities can’t be beat for dining, entertainment, shopping, medical, wellness and fitness or any other type of business. Opportunity to enhance value at renewals or consider redevelopment options longer-term.
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Property Subtype
Office/Residential
Building Size
19,585 SF
Building Class
B
Year Built
1952
Price
$4,677,108 CAD
Price Per SF
$238.81 CAD
Cap Rate
5.43%
NOI
$253,967 CAD
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
9,792 SF
Slab To Slab
9’
Building FAR
0.88
Lot Size
0.51 AC
Zoning
Area 11
Parking
8 Spaces (0.42 Spaces per 1,000 SF Leased)
AMENITIES
- Signage
PROPERTY TAXES
| Parcel Number | 197-0040-003 | Improvements Assessment | $2,542,036 CAD |
| Land Assessment | $1,320,108 CAD | Total Assessment | $3,862,144 CAD |
PROPERTY TAXES
Parcel Number
197-0040-003
Land Assessment
$1,320,108 CAD
Improvements Assessment
$2,542,036 CAD
Total Assessment
$3,862,144 CAD
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