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New Berlin City Center 2 Retail Properties Offered at $5,942,802 CAD in New Berlin, WI
Investment Highlights
- Fully leased retail center with a diverse mix of national and regional tenants.
- Excellent visibility and access from W National Avenue and Moorland Road.
- Fee simple ownership of land and building with stable in-place income.
- Located in the heart of New Berlin’s City Center with strong surrounding demographics.
- High traffic counts with over 22,000 vehicles per day on Moorland Road.
- Positioned within a growing suburban market approximately 15 miles from downtown Milwaukee.
Executive Summary
New Berlin City Center presents a stabilized investment opportunity in the heart of one of Waukesha County’s most desirable suburban communities. This two-building retail property spans 20,286 square feet and is situated on approximately 2.41 acres with 145 parking spaces. The asset is 100% leased to a diverse mix of national and regional tenants, including Edward Jones, Domino’s Pizza, Athletico Physical Therapy, American Family Insurance, and other service-oriented businesses, providing a strong and reliable income stream.
The property benefits from its prime location along W National Avenue and Library Lane, with daily traffic counts exceeding 22,000 vehicles on Moorland Road and 13,300 on National Avenue. The surrounding area features a robust demographic profile, with average household incomes exceeding $116,000 within a five-mile radius and a population base of nearly 150,000.
New Berlin City Center offers investors a rare opportunity to acquire a fee-simple retail asset in a thriving suburban market with excellent visibility, strong tenant performance, and long-term stability. The property’s proximity to major thoroughfares, including I-94, and its location within a vibrant mixed-use district further enhance its long-term value proposition.
The property benefits from its prime location along W National Avenue and Library Lane, with daily traffic counts exceeding 22,000 vehicles on Moorland Road and 13,300 on National Avenue. The surrounding area features a robust demographic profile, with average household incomes exceeding $116,000 within a five-mile radius and a population base of nearly 150,000.
New Berlin City Center offers investors a rare opportunity to acquire a fee-simple retail asset in a thriving suburban market with excellent visibility, strong tenant performance, and long-term stability. The property’s proximity to major thoroughfares, including I-94, and its location within a vibrant mixed-use district further enhance its long-term value proposition.
Property Facts
| Price | $5,942,802 CAD | Number of Properties | 2 |
| Price / SF | $273.09 CAD / SF | Individually For Sale | 0 |
| Cap Rate | 8.07% | Total Building Size | 21,761 SF |
| Sale Type | Investment | Total Land Area | 1.70 AC |
| Status | Active |
| Price | $5,942,802 CAD |
| Price / SF | $273.09 CAD / SF |
| Cap Rate | 8.07% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 21,761 SF |
| Total Land Area | 1.70 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
|
Building A
15155-15175 W National Ave, New Berlin, WI 53151 |
Retail | 14,170 SF | 2007 | - |
|
Building D
15180 Library Ln, New Berlin, WI 53151 |
Retail | 7,591 SF | 2007 | - |
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