2960-2990 Chase Ave | Milwaukee, WI 53207
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2960-2990 Chase Ave
Milwaukee, WI 53207
Retail Property For Sale
INVESTMENT HIGHLIGHTS
- The property is 95% occupied, and the one vacancy is an end-cap, providing an intriguing value-add opportunity
- CSL takes up 40% of the GLA and has 7 years of firm term remaining on their lease, providing a stable foundation to the investment
- The center is shadow-anchored by Target, which provides a steady flow of traffic to the center
- With average rent at the center being just under $14 PSF and submarket vacancy at 0.5%, the asset is primed for continued income growth
- Three new tenants have been signed up in the last year, bringing the current WALT of the center to 6.6 years
- All of the top traffic drivers in the area have above-average foot traffic due to the strategic location off of I-94, which carries 132,000 VPD
PROPERTY FACTS
Property Type
Retail
Property Subtype
Building Size
29,491 SF
Building Class
B
Year Built
1985
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.26
Lot Size
2.64 AC
Zoning
LB2
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $2,953,900 | |
| Land Assessment | $407,900 | Total Assessment | $3,361,800 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$407,900
Improvements Assessment
$2,953,900
Total Assessment
$3,361,800
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