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5515 W Florist Ave 20,448 SF Industrial Building Milwaukee, WI 53218 $1,905,662 CAD ($93.20 CAD/SF) 9.58% Cap Rate
Investment Highlights
- Impressive, clean warehouse and office spaces. Features two docks, a drive-in door, and large parking lot.
Executive Summary
Ideal location for your warehouse, manufaturing, offices, or service business. You are centrally located to reach all of Milwaukee and the surrounding counties, with easy access to I-41, I-43, and I-94. Impress your customers, suppliers, and employees by inviting them to this Beautiful, modern, clean 20,448 sq ft warehouse that includes impressive offices. THREE OVERHEAD DOORS: two recessed below grade for docking semis, plus one drive-in truck door. Features four bathrooms, a large conference room, and a nice kitchen area. The TENANT IS MOVING TO A NEW LOCATION when new owner gives them 90 DAYS NOTICE, otherwise their NNN lease expires 9/30/2027 and they will not renew. Current tenants pay $11,666.67/mo NNN yielding 9.5 CAP. The purchase price is a bargain at $68.42 per square foot for an excellently maintained building. Call lister with questions at 414-788-0449 or email ggoldman@remax.net
Data Room Click Here to Access
Financial Summary (Actual - 2025) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$190,702
|
$9.17
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$190,702
|
$9.17
|
| Taxes |
-
|
-
|
| Operating Expenses |
$8,173
|
$0.39
|
| Total Expenses |
$8,173
|
$0.39
|
| Net Operating Income |
$182,529
|
$8.78
|
Financial Summary (Actual - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $190,702 |
| Annual Per SF | $9.17 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $190,702 |
| Annual Per SF | $9.17 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $8,173 |
| Annual Per SF | $0.39 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $8,173 |
| Annual Per SF | $0.39 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $182,529 |
| Annual Per SF | $8.78 |
Property Facts
Amenities
- 24 Hour Access
- Controlled Access
- Conferencing Facility
- Fenced Lot
- Floor Drains
- Signage
- Wheelchair Accessible
- Reception
- Storage Space
- Air Conditioning
- Fiber Optic Internet
- Breakroom
Utilities
- Lighting
- Gas - Natural
- Water - City
- Sewer - City
- Heating - Gas
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Accent Property Restoration
- Construction
- 20,448 SF
- $9.32 CAD
- Triple Net
- Sep 2027
- BMS Cat
- -
- -
- -
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Accent Property Restoration | Construction | 20,448 SF | $9.32 CAD | Triple Net | Sep 2027 | |
| BMS Cat | - | - | - | - | - |
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Fairly walkable
40/100
Exceptionally drivable
90/100
Some public transit
40/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 173-0331-000-2 | Total Assessment | $900,568 CAD (2024) |
| Land Assessment | $54,246 CAD (2024) | Annual Taxes | $0 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $846,322 CAD (2024) | Tax Year | 2025 |
Property Taxes
Parcel Number
173-0331-000-2
Land Assessment
$54,246 CAD (2024)
Improvements Assessment
$846,322 CAD (2024)
Total Assessment
$900,568 CAD (2024)
Annual Taxes
$0 CAD ($0.00 CAD/SF)
Tax Year
2025
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5515 W Florist Ave
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