2960-2990 Chase Ave - Freestanding FOR SALE
Milwaukee, WI 53207 |
2960-2990 Chase Ave
Milwaukee, WI 53207
HIGHLIGHTS
- The property is 95% occupied, and the one vacancy is an end-cap, providing an intriguing value-add opportunity
- With average rent at the center being just under $14 PSF and submarket vacancy at 0.5%, the asset is primed for continued income growth
- CSL takes up 40% of the GLA and has 7 years of firm term remaining on their lease, providing a stable foundation to the investment
- Three new tenants have been signed up in the last year, bringing the current WALT of the center to 6.6 years
- The center is shadow-anchored by Target, which provides a steady flow of traffic to the center
- All of the top traffic drivers in the area have above-average foot traffic due to the strategic location off of I-94, which carries 132,000 VPD
FOR SALE DETAILS
PRICE
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CAP RATE
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% LEASED
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TENANCY
-
BUILDING DETAILS
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Freestanding
ADD'L SUBTYPES
Storefront
TOTAL BUILDING SIZE
29491
STORIES
1
YEAR BUILT
1985
SPRINKLERS
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PARKING SPACES
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LAND DETAILS
LAND ACRES
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LAND SF
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ZONING
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APN/PARCEL ID
505-1171-000-3,505-1172-000-9
