847-444-9254
N13W24705 Bluemound Rd, Pewaukee, WI for Sale
Manufacturing - FOR SALE
1/3
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N13W24705 Bluemound Rd
Pewaukee, WI 53072


HIGHLIGHTS

  • Single-Story 67,010 SF Manufacturing Facility Serving as Precision Gears’ Only Site
  • 60+ Years of Continuous Occupancy
  • 20+ Years of Remaining Lease Term
  • Desirable Triple Net Lease Structure with 2.0% Annual Escalations
  • Blue-Chip Customer Base
  • Supply-Constrained Submarket: Waukesha Northwest Vacancy Rate of 1.4%

OVERVIEW

CBRE, Inc., on behalf of ownership as its exclusive advisor, is pleased to offer for sale the fee-simple interest in the Precision Gears, Inc. manufacturing facility located in Pewaukee, Wisconsin. The Property is 100% net leased through June 30, 2049 to Precision Gears, Inc., one of the largest independent gear job shops in the Midwest. Precision Gears is a wholly owned subsidiary of United Stars, Inc., a Beloit, Wisconsin based privately held industrial holding company that acquired the Company in 2018 and added new gear hobbing and inspection equipment in 2023. Precision Gears designs and produces made-to-order gears and related assemblies serving blue chip customers across agriculture, food processing, power transmission, medical, and general industrial end markets. The Property has been occupied by Precision Gears since the 1960s. It comprises a single-story 67,010 SF industrial building on 6 acres and was originally constructed in 1960 with additions through 1995. The Company’s highly tenured workforce, ISO 9001:2015 registration, and customer part-approval qualifications are all specific to this property and could not be replicated at an alternative site without substantial time and capital investment. Precision Gears has approximately 23 years remaining on its lease and features 2.00% annual rent escalations with 1 x 5-year renewal options. The Tenant’s irreplaceable onsite qualifications, blue-chip customer base, and mission-critical role within the United Stars platform provide a highly compelling long-term acquisition basis.

FOR SALE DETAILS

PRICE

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CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Manufacturing

ADD'L SUBTYPES

Distribution

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1960

UTILITIES

-

CLEAR CEILING HT

14.416666666666666 Ft

DOCKS

1

DRIVE INS

2

PARKING SPACES

66

LAND DETAILS

LAND ACRES

6

LAND SF

261,360

ZONING

-

APN/PARCEL ID

PWC-0951-996

ASK ABOUT THIS PROPERTY

847-444-9254

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847-444-9254

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