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9.17% CAP RATE MULTI-TENANT INVESTMENT 6114 W Capitol Dr 17,256 SF 100% Leased Office Building Milwaukee, WI 53216 $1,528,989 CAD ($88.61 CAD/SF) 9.17% Cap Rate
INVESTMENT HIGHLIGHTS
- 9.17% Cap Rate
- 11 private offices
- Strong historical presence
EXECUTIVE SUMMARY
• Potential for additional $17,000 in annual income from billboard-process has already been started.
• Strong historical occupancy
• Located on Capitol Drive, one of Milwaukee’s primary east–west commercial corridors with strong daily traffic counts.
• Priced below replacement cost and below many recent comparable sales on a per square-foot basis.
• 11 private offices - 100% leased, providing stable in-place cash flow
• Strong historical occupancy
• Located on Capitol Drive, one of Milwaukee’s primary east–west commercial corridors with strong daily traffic counts.
• Priced below replacement cost and below many recent comparable sales on a per square-foot basis.
• 11 private offices - 100% leased, providing stable in-place cash flow
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Office
Property Subtype
Medical
Building Size
17,256 SF
Building Class
C
Year Built/Renovated
1965/2012
Price
$1,528,989 CAD
Price Per SF
$88.61 CAD
Cap Rate
9.17%
NOI
$140,208 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
5,752 SF
Slab To Slab
10’
Building FAR
1.41
Lot Size
0.28 AC
Zoning
LB2 - Commerical
Parking
15 Spaces (0.87 Spaces per 1,000 SF Leased)
AMENITIES
- Security System
- Air Conditioning
Walk Score®
Very Walkable (79)
PROPERTY TAXES
| Parcel Number | 250-0319-000-8 | Improvements Assessment | $795,452 CAD |
| Land Assessment | $58,336 CAD | Total Assessment | $853,788 CAD |
PROPERTY TAXES
Parcel Number
250-0319-000-8
Land Assessment
$58,336 CAD
Improvements Assessment
$795,452 CAD
Total Assessment
$853,788 CAD
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9.17% CAP RATE MULTI-TENANT INVESTMENT | 6114 W Capitol Dr
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