1818 N Dr Martin Luther King Jr Dr 7,542 SF Office Building Milwaukee, WI 53212 $3,695,120 CAD ($489.94 CAD/SF) 8% Cap Rate

The Ficke Team of Colliers is pleased to present the opportunity to acquire the U.S. Department of Veterans Affairs (VA) Community Resource & Referral Center (CRRC), a mission-critical, government-leased asset located at 1818 N Martin Luther King Jr Drive in the heart of a vibrant Downtown Milwaukee neighborhood. This offering provides investors with stable income backed by the full faith and credit of the U.S. Federal Government (S&P AA+ credit rating).
The 7,542-square-foot facility is leased to the VA under a newly executed 10-year lease, 5-years firm, commencing September 27, 2025, and features 3% annual shell rent escalations. The property includes a private parking lot with 25 spaces, which is a rare amenity in this urban location and a critical factor in the VA’s original site selection.
Renovated-to-suit specifically for this tenant in 2013 with over $2.4 million invested, the historic building received certifications from the Wisconsin State Historic Preservation Commission, the National Park Service, and LEED Silver. This strategic location is on a city bus line, and ideal for the VA to best provide Veterans with one-stop access to community-based, multi-agency services to promote permanent housing, health and mental health care, career development and access to VA and non-VA benefits. This Milwaukee Journal Sentinel article provides additional renovation and tenant agency details from the grand opening: New center a welcoming presence for vets at risk of homelessness.
With over $1 billion in the most notable public and private investment surrounding the property, this VA facility benefits from its proximity to the $500+ million Fiserv Forum district, the $100 million ThriveOn King community hub, the $240 million Nature & Culture Museum of Wisconsin (opening 2027), and the award-winning Brewers Hill neighborhood. This mission-critical VA facility delivers essential services to veterans while offering investors stable cash flow, long-term stability, and exceptional credit tenancy in a premier downtown location surrounded by substantial investment.
The City of Milwaukee is the most populous city in the state of Wisconsin with a population of over 400,000 and it is the 31st most populous city in the United States and is the county seat. The Milwaukee metropolitan area ranks fifth in the United States for the number of Fortune 500 company headquarters as a share of the population.