5655-5679 S 27th St - Freestanding FOR SALE


Milwaukee, WI 53221- Gra-Ram
$8,145,000 USD
414-273-0880
5655-5679 S 27th St, Milwaukee, WI for Sale
$8,145,000 USD
Freestanding - FOR SALE
1/4
null | 8% Cap Rate

5655-5679 S 27th St
Milwaukee, WI 53221
Gra-Ram


HIGHLIGHTS

  • 100% Leased | Long Term Leases
  • Well Established Retail Center
  • 600' of frontage along S 27th Street

OVERVIEW

CBRE is pleased to offer for sale Miracle Mile Shopping Center which consists of a 93,056 square foot six tenant retail center on the south side of Milwaukee, Wisconsin. Miracle Mile is located along the high traffic S. 27th Street commercial corridor (26,800 VPD). This property is 100% leased with a strong mix of commercial uses including recently signed leases with Ollie’s Bargain Outlet, Halal Market and a recently extended lease with Empire Beauty School, representing 70% of the GLA. Asking Price: $8,145,000 ($87.53 PSF) • 6 Unit Retail Center • Building GLA: 93,056 SF • Lot Size: 6 Acres • Well Established Retail Center | Renovated in 2006 • 100% Occupied | Fully Leased • Tenants include: Ollie's Bargain Outlet, Halal Market, Empire Beauty School, NuNu's Hot Bargains, Holy Smoke, and La Gelati • 600' of frontage along S. 27th Street • Approximately 375 parking stalls (4 stalls per 1,000 SF) Please complete a confidentiality agreement to view the full Offering Memorandum: www.miraclemilemilwaukee.com

FOR SALE DETAILS

PRICE

$8,145,000 USD

PRICE/SF

$88 USD /SF

CAP RATE

8%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Miracle Mile Shopping Center

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1958

SPRINKLERS

-

PARKING SPACES

375

LAND DETAILS

LAND ACRES

6 AC

LAND SF

261,360 SF

ZONING

LB1

APN/PARCEL ID

668-0060-110-0

ASK ABOUT THIS PROPERTY

Peter GlaserCBRE, Inc.More Info
414-273-0880

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Peter GlaserCBRE, Inc.More Info
414-273-0880

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