Historical Office Sale Listing - East Lake Towers

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East Lake Towers

4425 N. Port Washington Road, Glendale, WI 53211

N/A

241,520 SF | Office

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Office Property - Off Market

Price:
N/A
Building Size:
241,520 SF
Property Type:
Office
Property Sub-type:
Medical Office
Property Use Type:
Investment
Cap Rate:
9.30%
Occupancy:
100%
No. Stories:
4
Building Class:
A
Tenancy:
Multiple
Year Built:
1929
Lot Size:
6.87 AC
Listing ID
16297294
Last Updated
over 1 year ago

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

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.

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

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