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EquipmentShare N59W13449 Manhardt Dr 13,455 SF Flex Building Menomonee Falls, WI 53051 $6,536,990 CAD ($485.84 CAD/SF) 6.15% Cap Rate

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INVESTMENT HIGHLIGHTS

  • Positioned within the Milwaukee MSA – Ranked #40 in the United States for population size
  • Significant 3% annual rental escalations
  • Affluent community - $167,000+ average household income within one mile
  • New 7-year lease
  • 5+ acre site | paved and fenced storage area| masonry construction | 5 drive-in doors
  • Over 178,000 people live within a five-mile radius

EXECUTIVE SUMMARY

The Boulder Group is pleased to exclusively market for sale a single tenant net leased EquipmentShare property located in Menomonee Falls, Wisconsin within the Milwaukee MSA. EquipmentShare recently signed a 7-year lease through September 2032. The lease features 3% annual rental escalations and one 7-year renewal option. The site is comprised of two buildings totaling 13,455 square feet constructed on 5 acres. This is an ideal investment for a covered land play or outdoor storage investors.
The 5-acre IOS property is strategically located just one mile east of Interstate 41, which sees a daily traffic volume of 139,000 vehicles. Within a 5-mile radius, the property is surrounded by a population of over 178,000. The immediate 1-mile radius features an affluent community with an average household income exceeding $167,000. Neighboring industrial tenants include Cargill Cocoa & Chocolate, MillerCoors, GXO, JAX INC, ANIXTER, and others. The property is situated in Menomonee Falls, Wisconsin, home to nationally recognized brands like Kohl’s, Harley-Davidson, and Milwaukee Tool. The property is approximately 20 minutes northwest of downtown Milwaukee.
EquipmentShare is an American construction equipment rental, sales, and technology company founded in 2015 by brothers Jabbok and Willy Schlacks in Columbia, Missouri. As of 2025, EquipmentShare operates 326 locations across 44 U.S. states, having expanded rapidly with 60 new sites in 2024 and employing over 6,900 people. The company offers equipment rental, retail, and service solutions, supported by its proprietary T3 cloud-connected platform that manages over 273,000 assets and processes more than 8 billion data points monthly for enhanced visibility and efficiency. Recent developments include a $100 million Technology and Development Center opened in Columbia to create 500 jobs, a $3 billion credit facility secured in 2023, and considerations for an initial public offering as early as 2025.

PROPERTY FACTS

Price $6,536,990 CAD
Price Per SF $485.84 CAD
Sale Type Investment
Cap Rate 6.15%
Property Type Flex
Property Subtype Light Distribution
Building Class B
Lot Size 5.59 AC
Rentable Building Area 13,455 SF
No. Stories 1
Year Built 2004
Tenancy Single
Parking Ratio 14.94/1,000 SF
Clear Ceiling Height 17’4”
No. Drive In / Grade-Level Doors 8
Zoning I-1 - Light Industrial

AMENITIES

  • Fenced Lot
  • Security System

UTILITIES

  • Lighting
  • Gas
  • Water
  • Sewer
  • Heating

MAJOR TENANTS

  • TENANT
  • INDUSTRY
  • SF OCCUPIED
  • RENT/SF
  • LEASE END
  • EquipmentShare
  • -
  • -
  • -
  • Sep 2032
TENANT INDUSTRY SF OCCUPIED RENT/SF LEASE END
EquipmentShare - - - Sep 2032

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
MNFV-0099-999-011
Land Assessment
$975,232 CAD
Improvements Assessment
$1,816,222 CAD
Total Assessment
$2,791,454 CAD
  • Listing ID: 37320590

  • Date on Market: 2025-08-18

  • Last Updated:

  • Address: N59W13449 Manhardt Dr, Menomonee Falls, WI 53051

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