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1900 E North St 313,180 SF Industrial Building Waukesha, WI 53188 $25,500,000 ($81.42/SF) 7.28% Cap Rate
Investment Highlights
- Construction of a 40,000 sq. ft. office completed in 2024.
- Entire interior and exterior painted.
- New roof installed over the manufacturing facility in 2023.
- Replacement of all overhead and dock doors
Executive Summary
Located in Waukesha’s premier industrial corridor, 1900 E. North Street spans 21.97 acres and features a 313,180 SF manufacturing facility plus a newly built 40,000 SF office (2024). Backed by a long-term net lease with Wildeck, Inc., this high-clear, multi-dock property offers stable cash flow, 1.5% annual rent escalations, and significant upside in a market characterized by strong industrial demand.
Property Facts
| Price | $25,500,000 | Rentable Building Area | 313,180 SF |
| Price Per SF | $81.42 | No. Stories | 1 |
| Sale Type | Investment | Year Built/Renovated | 1964/2024 |
| Cap Rate | 7.28% | Tenancy | Single |
| Property Type | Industrial | Parking Ratio | 0.96/1,000 SF |
| Property Subtype | Manufacturing | Clear Ceiling Height | 30’ |
| Building Class | B | No. Dock-High Doors/Loading | 14 |
| Lot Size | 21.97 AC | No. Drive In / Grade-Level Doors | 6 |
| Zoning | M2 - Manufacturing | ||
| Price | $25,500,000 |
| Price Per SF | $81.42 |
| Sale Type | Investment |
| Cap Rate | 7.28% |
| Property Type | Industrial |
| Property Subtype | Manufacturing |
| Building Class | B |
| Lot Size | 21.97 AC |
| Rentable Building Area | 313,180 SF |
| No. Stories | 1 |
| Year Built/Renovated | 1964/2024 |
| Tenancy | Single |
| Parking Ratio | 0.96/1,000 SF |
| Clear Ceiling Height | 30’ |
| No. Dock-High Doors/Loading | 14 |
| No. Drive In / Grade-Level Doors | 6 |
| Zoning | M2 - Manufacturing |
Amenities
- Storage Space
Utilities
- Lighting
- Gas
- Water - City
- Sewer - City
- Heating
1 1
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
20/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | WAKC-1002-990 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $4,034,650 |
Property Taxes
Parcel Number
WAKC-1002-990
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$4,034,650
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1900 E North St
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