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2177 Silvernail Rd 10,347 SF 77% Leased Retail Building Pewaukee, WI 53072 $2,090,000 ($201.99/SF) 6.83% Cap Rate
Investment Highlights
- Projected NOI upon full lease-up and conversion of lease structure would be $164,431.00
- Located across the street from Silvernail Plaza, anchored by a high performing Kroger store
Executive Summary
Mid-America Real Estate - WI, LLC offers an investor an opportunity to acquire a well established and well positioned unanchored retail center in the western markets of Milwaukee.
Priced without income on the vacancy and the potential of value add with some lease restructures of existing tenants.
Priced without income on the vacancy and the potential of value add with some lease restructures of existing tenants.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
10,347 SF
Building Class
B
Year Built
2002
Price
$2,090,000
Price Per SF
$201.99
Cap Rate
6.83%
NOI
$142,782
Percent Leased
77%
Tenancy
Multiple
Building Height
1 Story
Slab To Slab
14’
Building FAR
0.16
Lot Size
1.50 AC
Zoning
B-3
Parking
60 Spaces (4 Spaces per 1,000 SF Leased)
Frontage
404’ on Silvernail Rd
Amenities
- Monument Signage
Space Availability
- Space
- Size
- Space Use
- Position
- Available
- 1st Floor
- 1,200 SF
- Retail
- -
- Now
| Space | Size | Space Use | Position | Available |
| 1st Floor | 1,207 SF | Restaurant | In-Line | Now |
| 1st Floor | 1,200 SF | Retail | - | Now |
1st Floor
| Size |
| 1,207 SF |
| Space Use |
| Restaurant |
| Position |
| In-Line |
| Available |
| Now |
1st Floor
| Size |
| 1,200 SF |
| Space Use |
| Retail |
| Position |
| - |
| Available |
| Now |
1 of 1
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1st Floor
| Size | 1,207 SF |
| Space Use | Restaurant |
| Position | In-Line |
| Available | Now |
Nearby Major Retailers
Property Taxes
| Parcel Number | WAKC-0974-082 | Improvements Assessment | $770,500 |
| Land Assessment | $816,400 | Total Assessment | $1,586,900 |
Property Taxes
Parcel Number
WAKC-0974-082
Land Assessment
$816,400
Improvements Assessment
$770,500
Total Assessment
$1,586,900
1 of 12
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
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2177 Silvernail Rd
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