235 N Executive Dr - Office FOR SALE
Brookfield, WI 53005 |
235 N Executive Dr
Brookfield, WI 53005
HIGHLIGHTS
- $3,561,384 non-performing loan sale secured by the fee simple interest in Executive Center IV in Brookfield, a western suburb of Milwaukee, Wisconsin.
- Benefit from significant upside potential upon stabilization through the full lease-up of vacant units.
- Recent leasing of two suites, both of which began in July, increased occupancy from 13% to 17.6%.
- Milwaukee office market is outperforming the national office market with a vacancy rate of 10.7%, compared to the broader national rate of 13.2%.
- Potential future development opportunity with 6.547 acres of O&LR/C zoning, allowing for the possibility of residential or commercial redevelopment.
- Metro highlights a diversifying economy, the presence of large-scale firms, and a skilled labor pool.
FOR SALE DETAILS
PRICE
-
CAP RATE
-
% LEASED
-
TENANCY
-
BUILDING DETAILS
PROPERTY TYPE
Office
TOTAL BUILDING SIZE
90390
STORIES
3
BUILDING CLASS
C
YEAR BUILT
1980
SPRINKLERS
-
PARKING SPACES
440
LAND DETAILS
LAND ACRES
6.54 AC AC
LAND SF
284,882 SF
ZONING
-
APN/PARCEL ID
BRC-1116-995-008
