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10.7% CAP RATE MULTI-TENANT INVESTMENT 6114 W Capitol Dr 17,256 SF 100% Leased Office Building Milwaukee, WI 53216 $1,320,756 CAD ($76.54 CAD/SF) 10.71% Cap Rate
Investment Highlights
- 10.7% Cap Rate
- 11 private offices
- Strong historical presence
Executive Summary
• 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
• 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
$1,320,756 CAD
Price Per SF
$76.54 CAD
Cap Rate
10.71%
NOI
$141,513 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
Moderately walkable
60/100
Exceptionally drivable
100/100
Some public transit
50/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 250-0319-000-8 | Improvements Assessment | $790,704 CAD |
| Land Assessment | $57,988 CAD | Total Assessment | $848,692 CAD |
Property Taxes
Parcel Number
250-0319-000-8
Land Assessment
$57,988 CAD
Improvements Assessment
$790,704 CAD
Total Assessment
$848,692 CAD
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10.7% CAP RATE MULTI-TENANT INVESTMENT | 6114 W Capitol Dr
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