1302-1304 S 60th St - Day Care Center FOR SALE


West Allis, WI 53214- Wauwatosa/West Allis
$800,000 USD
202-573-2148
1302-1304 S 60th St, West Allis, WI for Sale
$800,000 USD
Day Care Center - FOR SALE
1/3
null | 9% Cap Rate

1302-1304 S 60th St
West Allis, WI 53214
Wauwatosa/West Allis


HIGHLIGHTS

  • Tenant Willing to Sign a 10-Year Lease at COE | Negotiable Lease
  • Projected Rental Terms of $6000/Month With a 10% Increase in Year 6
  • Successful Local Operation | Waiting List For Daycare | 66 Students Daily in Two Different Shifts
  • Well-Positioned in a Densely Populated Area | Over 197,497 Residents Within a 3-Mile Radius
  • Listed at a 9.00% CAP Rate
  • Absolute Net Lease | Zero Landlord Responsibilities

OVERVIEW

Sands Investment Group is pleased to offer the opportunity to purchase the fee simple interest in a single-tenant daycare investment property located at 1302 S 60th St, West Allis, WI 53214 (Milwaukee MSA). The building is occupied by "Our Six Generations Family Child Care," who is a successful local operation. They currently enroll 66 students per day (a morning and afternoon shift of 33 students each), and have a waiting list for additional students eager to join. The school greatly benefits from its strategic location. There are over 197,000 residents within a 3-mile radius of the asset. The tenant is currently paying month-to-month and are willing to sign a long-term, fully NNN lease at closing. The terms are negotiable, but they are willing to commit to the projected terms of $6,000/month on a 10-year lease commencing at the close of escrow. In Cooperation With ParaSell, Inc. , A Licensed Wisconsin Broker - Lic. #938545-91 BoR: Scott Reid - Lic. WI #58772-90

FOR SALE DETAILS

PRICE

$800,000 USD

PRICE/SF

$417 USD /SF

CAP RATE

9%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Generations Family Child Care - West Allis

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Day Care Center

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1974

SPRINKLERS

-

PARKING SPACES

4

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

C-3

APN/PARCEL ID

438-0311-001

ASK ABOUT THIS PROPERTY

Ben KohlSands Investment GroupMore Info
202-573-2148

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Ben KohlSands Investment GroupMore Info
202-573-2148

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.