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5515 W Florist Ave 20,448 SF Industrial Building Milwaukee, WI 53218 $1,399,000 ($68.42/SF)

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Investment Highlights

Impressive offices with large, clean warehouse space. Features two docks, a drive-in door, and large parking lot.

Executive Summary

Ideal building for your warehouse, manufaturing, offices, or service business. You are centrally located to reach all of Milwaukee and the surrounding counties, with access to I-41, I-43, and I-94. Impress your customers, suppliers, and employees by inviting them to this Beautiful, modern, clean 20,448 sq ft warehouse that includes impressive offices. THREE OVERHEAD DOORS: two below grade for docking semis plus one drive-in door. Features four bathrooms, a large conference room, and a nice kitchen area. The TENANT IS PLANNING TO MOVE TO A NEW LOCATION when new owner gives them 90 DAYS NOTICE, otherwise their NNN lease expires 9/30/2027 and they will not to renew. While they are there the rent is $11,666.67/mo NNN; this is a 9.5 CAP. The purchase price is a bargain at $68.42 per square foot for an excellently maintained building. Call lister with questions at 414-788-0449.

Offering Memorandum MLS

Floor Plan

Matterport Tour

TEMPORARY Estim P&L for current tenant

Property Facts

Price	$1,399,000	No. Stories	1
Price Per SF	$68.42	Year Built	1969
Sale Type	Investment or Owner User	Tenancy	Single
Property Type	Industrial	Clear Ceiling Height	18’
Property Subtype	Warehouse Flex Light Manufacturing Industrial Manufacturing Showroom	No. Dock-High Doors/Loading	2
Building Class	B	No. Drive In / Grade-Level Doors	1
Lot Size	0.78 AC	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Rentable Building Area	20,448 SF
Zoning	IL-1

Price	$1,399,000
Price Per SF	$68.42
Sale Type	Investment or Owner User
Property Type	Industrial
Property Subtype	Warehouse Flex Light Manufacturing Industrial Manufacturing Showroom
Building Class	B
Lot Size	0.78 AC
Rentable Building Area	20,448 SF
No. Stories	1
Year Built	1969
Tenancy	Single
Clear Ceiling Height	18’
No. Dock-High Doors/Loading	2
No. Drive In / Grade-Level Doors	1
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning	IL-1