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9.17% CAP RATE MULTI-TENANT INVESTMENT 6114 W Capitol Dr 17,256 SF 100% Leased Office Building Milwaukee, WI 53216 $1,100,000 ($63.75/SF) 9.17% Cap Rate
Investment Highlights
- 9.17% Cap Rate
- 11 private offices
- Strong historical presence
Executive Summary
• Potential for additional $17,000 in annual income from billboard-process has already been started.
• Strong historical occupancy
• Located on Capitol Drive, one of Milwaukee’s primary east–west commercial corridors with strong daily traffic counts.
• Priced below replacement cost and below many recent comparable sales on a per square-foot basis.
• 11 private offices - 100% leased, providing stable in-place cash flow
• Strong historical occupancy
• Located on Capitol Drive, one of Milwaukee’s primary east–west commercial corridors with strong daily traffic counts.
• Priced below replacement cost and below many recent comparable sales on a per square-foot basis.
• 11 private offices - 100% leased, providing stable in-place cash flow
Property Facts
Sale Type
Investment NNN
Property Type
Office
Property Subtype
Medical
Building Size
17,256 SF
Building Class
C
Year Built/Renovated
1965/2012
Price
$1,100,000
Price Per SF
$63.75
Cap Rate
9.17%
NOI
$100,870
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
5,752 SF
Slab To Slab
10’
Building FAR
1.41
Lot Size
0.28 AC
Zoning
LB2 - Commerical
Parking
15 Spaces (0.87 Spaces per 1,000 SF Leased)
Amenities
- Security System
- Air Conditioning
Walk Score®
Very Walkable (79)
Property Taxes
| Parcel Number | 250-0319-000-8 | Improvements Assessment | $572,700 |
| Land Assessment | $42,000 | Total Assessment | $614,700 |
Property Taxes
Parcel Number
250-0319-000-8
Land Assessment
$42,000
Improvements Assessment
$572,700
Total Assessment
$614,700
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9.17% CAP RATE MULTI-TENANT INVESTMENT | 6114 W Capitol Dr
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