721-725 Cornerstone Crossing 2 Office Properties Offered at $1,899,000 in Waterford, WI

A portfolio of 2 adjacent / attached similar-looking multi-tenant office buildings located in Waterford, WI (25 miles southwest of Milwaukee). Buildings are 8,000 / 8,760 SF with a shared firewall. The buildings were constructed in 2004 and the owner occupied the 721 building since it was built. The entire 721 building has recently been leased (7 yr). The owner occupies a suite in the 725 building. Both buildings are in a great condition, well insulated and maintained. The property is located in the Planned Community Development District and is zoned PCD-09 (Waterford Centre Business/Industrial).
The 721 Cornerstone Crossing building is fully occupied by a daycare center under a long term lease. The 725 Cornerstone Crossing has a strong tenant mix of: insurance agent, hospice company, the building owner and a small retail tenant. Rents range from $10.80 PSF to $15.33 PSF. All leases are modified gross except Suite D, who pays NNN lease. All tenants pay utilities, water, waste removal/recycle. The owner has occupied the building for over 20 years.
The property presents a great opportunity for an investor wanting to collect income from the current owner and the tenants. The property is conveniently located next to newly developed luxury residential and retail establishments with easy access to Racine (Highway 20), Milwaukee (Hwy 36), Franklin (Hwy 36), Muskego, Mukwonago, Burlington and Waukesha areas. Microsoft and Foxconn are also a short drive away in Mount Pleasant.