This property is Off-Market

4425 N. Port Washington Road
Glendale, WI 53211 ·

241,520 SF · Office For Sale

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East Lake Towers

Price N/A Occupancy 100%
Building Size 241,520 SF No. Stories 4
Property Type Office Building Class A
Property Sub-type Medical Office Tenancy Multiple
Property Use Type Investment Year Built 1929
Cap Rate 9.30% Lot Size 6.87 AC
Listing ID: 16297294 Date Created: 06/29/2009 Last Updated: 09/10/2009

Description

100% Occupied Medical Office Building. 79% Occupied by Columbia St. Mary's Hospital on 20 year lease with 15 Years remaining. 20 year fixed non-recourse financing at 6.43% in place. Unbelievable 10% cash-on-cash the first year. Other high quality tenants in place. In unbelievable location on main I43 Highway. Serious inquiries only. This building requires over $10,600,000 in equity.

East Lake Towers is on the middle of the block on the west side of North Port Washington Road, just south of Hampton Avenue in the City of Glendale. It is an irregular-shaped land parcel with four-story commercial structure. The subject building covers the west side of the subject site and encompasses approximately 25% of the site's surface area.

Highlights

  • 10% First Year Cash on Cash Return
  • 100% Occupied
  • 20 Year lease with Columbia St. Mary's
  • 20 Year fixed financing
  • 9.3% Cap Rate
  • Co-Broke's welcome

Research

4425 N. Port Washington Road, Glendale, WI 53211 (Milwaukee County)

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