Historical Industrial Sale Listing - 7225 West Marcia Road

Industrial For Sale

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7225 West Marcia Road

7225 West Marcia Road, Milwaukee, WI 53223

N/A

208,150 SF | Industrial

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Industrial Property - Off Market

Price:
N/A
Building Size:
208,150 SF
Property Type:
Industrial
Property Sub-type:
Distribution Warehouse
Property Use Type:
Investment
Cap Rate:
0.01%
Occupancy:
100%
No. Stories:
1
Tenancy:
Single
Year Built:
1995
Dock-High Doors/Loading:
32
Lot Size:
20.90 AC
Listing ID
13821297
Last Updated
over 1 year ago

Utilities

  • Fenced Yard
  • Trailer Parking
  • Sprinklers

Highlights

  • Financially strong tenant.
  • Core quality asset.
  • Secure income stream through 2012 with no landlord responsibilities.
  • Absolute net lease structure.
  • Attractive renewal options.
  • Institutionally maintained real estate asset in a controlled park environment.

Description

This property is 100% leased to Hagemeyer Foods (N.A.), Inc. and is part of a three-building single tenant net leased portfolio, along with 3225 and 3245 Meridian Parkway in Weston, Florida, leased to Hagemeyer Foods (N.A.), Inc. and Circuit City Stores, Inc., respectively. The owner has not established a specific asking price, but is a sophisticated, market sensitive seller. Prospective purchasers are encouraged to bid on all three properties, or individual properties within the offering.

PLEASE NOTE: The cap rate outlined above is not reflective of the estimated sale price.

The property is located in the Northwest Business Park, 3.5 miles east of US Highways 41/45. The location is within Milwaukee's largest industrial submarket with a total of over 30.5 million square feet. West Marcia Road is a secondary arterial that connects North Granville Woods Road to the east with North Steven Road to the west. The immediate area comprises a mix of industrial warehouse, flex/research and development and light manufacturing uses.

Map of 7225 West Marcia Road, Milwaukee, WI 53223

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Created 12/9/2003