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1818 N Dr Martin Luther King Jr Dr 7 542 pi² Bureau Immeuble Milwaukee, WI 53212 3 772 272 $ CAD (500,17 $ CAD/pi²) 7,75% Taux de capitalisation
Certaines informations ont été traduites automatiquement.
Faits saillants de l'investissement
- Backed by the U.S. Government, the tenant carries an AA+ credit rating from S&P.
- Occupied by a long-term VA tenant whose services make the site essential to federal operations.
- Provides 3% annual shell rent increases for consistent income growth.
- Features a new lease structure with a 10-year term and 5 years of firm commitment.
- A renovate-to-suit, award-winning historic building with LEED Silver certification.
- Renovations include VA-mandated interior finishes and security specifications.
Résumé de l'annonce
The Ficke Team of Colliers is pleased to present the opportunity to acquire the U.S. Department of Veterans Affairs (VA) Community Resource &
Referral Center (CRRC), a mission-critical, government-leased asset located at 1818 N Martin Luther King Jr Drive in the heart of a vibrant Downtown
Milwaukee neighborhood. This offering provides investors with stable income backed by the full faith and credit of the U.S. Federal Government
(S&P AA+ credit rating).
The 7,542-square-foot facility is leased to the VA under a newly executed 10-year lease, 5-years firm, commencing September 27, 2025, and
features 3% annual shell rent escalations. The property includes a private parking lot with 25 spaces, which is a rare amenity in this urban location
and a critical factor in the VA’s original site selection.
Renovated-to-suit specifically for this tenant in 2013 with over $2.4 million invested, the historic building received certifications from the Wisconsin
State Historic Preservation Commission, the National Park Service, and LEED Silver. This strategic location is on a city bus line, and ideal for the VA to
best provide Veterans with one-stop access to community-based, multi-agency services to promote permanent housing, health and mental health
care, career development and access to VA and non-VA benefits. This Milwaukee Journal Sentinel article provides additional renovation and tenant
agency details from the grand opening: New center a welcoming presence for vets at risk of homelessness.
With over $1 billion in the most notable public and private investment surrounding the property, this VA facility benefits from its proximity to the
$500+ million Fiserv Forum district, the $100 million ThriveOn King community hub, the $240 million Nature & Culture Museum of Wisconsin
(opening 2027), and the award-winning Brewers Hill neighborhood. This mission-critical VA facility delivers essential services to veterans while
offering investors stable cash flow, long-term stability, and exceptional credit tenancy in a premier downtown location surrounded by substantial
investment.
The City of Milwaukee is the most populous city in the state of Wisconsin with a population of over 400,000 and it is the 31st most populous city in
the United States and is the county seat. The Milwaukee metropolitan area ranks fifth in the United States for the number of Fortune 500 company
headquarters as a share of the population.
Referral Center (CRRC), a mission-critical, government-leased asset located at 1818 N Martin Luther King Jr Drive in the heart of a vibrant Downtown
Milwaukee neighborhood. This offering provides investors with stable income backed by the full faith and credit of the U.S. Federal Government
(S&P AA+ credit rating).
The 7,542-square-foot facility is leased to the VA under a newly executed 10-year lease, 5-years firm, commencing September 27, 2025, and
features 3% annual shell rent escalations. The property includes a private parking lot with 25 spaces, which is a rare amenity in this urban location
and a critical factor in the VA’s original site selection.
Renovated-to-suit specifically for this tenant in 2013 with over $2.4 million invested, the historic building received certifications from the Wisconsin
State Historic Preservation Commission, the National Park Service, and LEED Silver. This strategic location is on a city bus line, and ideal for the VA to
best provide Veterans with one-stop access to community-based, multi-agency services to promote permanent housing, health and mental health
care, career development and access to VA and non-VA benefits. This Milwaukee Journal Sentinel article provides additional renovation and tenant
agency details from the grand opening: New center a welcoming presence for vets at risk of homelessness.
With over $1 billion in the most notable public and private investment surrounding the property, this VA facility benefits from its proximity to the
$500+ million Fiserv Forum district, the $100 million ThriveOn King community hub, the $240 million Nature & Culture Museum of Wisconsin
(opening 2027), and the award-winning Brewers Hill neighborhood. This mission-critical VA facility delivers essential services to veterans while
offering investors stable cash flow, long-term stability, and exceptional credit tenancy in a premier downtown location surrounded by substantial
investment.
The City of Milwaukee is the most populous city in the state of Wisconsin with a population of over 400,000 and it is the 31st most populous city in
the United States and is the county seat. The Milwaukee metropolitan area ranks fifth in the United States for the number of Fortune 500 company
headquarters as a share of the population.
Faits sur la propriété
Type de vente
Investissement
Type de propriété
Bureau
Taille du bâtiment
7 542 pi²
Classe d’immeuble
C
Année de construction/rénovation
1925/2013
Prix
3 772 272 $ CAD
Prix par pi²
500,17 $ CAD
Taux de capitalisation
7,75%
Revenu net d’exploitation
292 385 $ CAD
Location
Unique
Hauteur du bâtiment
2 étages
Superficie de plancher typique
3 771 pi²
Coefficient d’occupation des sols de l’immeuble
0,33
Taille du lot
0,52 AC
Zonage
LB2
Stationnement
30 places (3,98 places par 1 000 pi² loué)
1 1
Walk Score®
Très pratique à pied (88)
Bike Score®
Très cyclable (83)
Impôts fonciers
| Numéro de lot | 353-0842-000-9 | Évaluation des bâtiments | 1 005 082 $ CAD |
| Évaluation du terrain | 81 647 $ CAD | Évaluation totale | 1 086 728 $ CAD |
Impôts fonciers
Numéro de lot
353-0842-000-9
Évaluation du terrain
81 647 $ CAD
Évaluation des bâtiments
1 005 082 $ CAD
Évaluation totale
1 086 728 $ CAD
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1818 N Dr Martin Luther King Jr Dr
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