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Investment Highlights
- $2.68m of CapEx invested
- 97% current occupancy and 79% pre-leased for the next schoolyear
- All units have been renovated as of 2022
- Located on Marquette's campus (4min walk to Alumni Memorial Union)
Executive Summary
Kiser Group is pleased to present the Marquee Place Portfolio, a five-building, 136-unit portfolio located on Marquette University's campus in Milwaukee, Wisconsin. The portfolio offers a unit mix weighted heavily toward studios and one-bedroom apartments, with select two bedroom units. Situated inside the university's campus boundary and patrolled by the Marquette University Police Department, the portfolio offers residents a rare combination of on campus security and privately owned housing. The buildings sit less than a 4-minute walk to the Alumni Memorial Union and a 5-minute walk to Raynor Memorial Libraries. Demand is reflected in the portfolio's current performance: the portfolio is currently 97% leased and already 79% pre leased for the upcoming school year. All units have been renovated, completed in 2022. Ownership has invested $2.78 million since first purchased.
Property Facts
| Price | $15,203,781 CAD | Number of Properties | 5 |
| Price / SF | $171.26 CAD / SF | Individually For Sale | 0 |
| Cap Rate | 6.19% | Total Building Size | 88,778 SF |
| Sale Type | Investment | Total Land Area | 1.03 AC |
| Status | Active |
| Price | $15,203,781 CAD |
| Price / SF | $171.26 CAD / SF |
| Cap Rate | 6.19% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 5 |
| Individually For Sale | 0 |
| Total Building Size | 88,778 SF |
| Total Land Area | 1.03 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 920 N 15th St, Milwaukee, WI 53233 | Multifamily | 21,380 SF | 1989 | - |
|
Marquee Place
928 N 15th St, Milwaukee, WI 53233 |
Multifamily | 21,364 SF | 1989 | - |
| 923 N 14th St, Milwaukee, WI 53233 | Multifamily | 20,028 SF | 1989 | - |
| 942 N 15th St, Milwaukee, WI 53233 | Multifamily | 15,744 SF | 1979 | - |
| 936 N 15th St, Milwaukee, WI 53233 | Multifamily | 10,262 SF | 1963 | - |
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Marquee Place
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