4425 N. Port Washington Road
Glendale, WI 53211 ·
241,520 SF · Office For Sale
East Lake Towers
|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|
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.
- 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
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