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N13W24705 Bluemound Rd 67,010 SF 100% Leased Industrial Building Pewaukee, WI 53072 For Sale
Investment Highlights
- Single-Story 67,010 SF Manufacturing Facility Serving as Precision Gears’ Only Site
- 20+ Years of Remaining Lease Term
- Blue-Chip Customer Base
- 60+ Years of Continuous Occupancy
- Desirable Triple Net Lease Structure with 2.0% Annual Escalations
- Supply-Constrained Submarket: Waukesha Northwest Vacancy Rate of 1.4%
Executive Summary
CBRE, Inc., on behalf of ownership as its exclusive advisor, is pleased to offer for sale the fee-simple interest in the Precision Gears, Inc. manufacturing facility located in Pewaukee, Wisconsin. The Property is 100% net leased through June 30, 2049 to Precision Gears, Inc., one of the largest independent gear job shops in the Midwest. Precision Gears is a wholly owned subsidiary of United Stars, Inc., a Beloit, Wisconsin based privately held industrial holding company that acquired the Company in 2018 and added new gear hobbing and inspection equipment in 2023. Precision Gears designs and produces made-to-order gears and related assemblies serving blue chip customers across agriculture, food processing, power transmission, medical, and general industrial end markets.
The Property has been occupied by Precision Gears since the 1960s. It comprises a single-story 67,010 SF industrial building on 6 acres and was originally constructed in 1960 with additions through 1995. The Company’s highly tenured workforce, ISO 9001:2015 registration, and customer part-approval qualifications are all specific to this property and could not be replicated at an alternative site without substantial time and capital investment. Precision Gears has approximately 23 years remaining on its lease and features 2.00% annual rent escalations with 1 x 5-year renewal options.
The Tenant’s irreplaceable onsite qualifications, blue-chip customer base, and mission-critical role within the United Stars platform provide a highly compelling long-term acquisition basis.
The Property has been occupied by Precision Gears since the 1960s. It comprises a single-story 67,010 SF industrial building on 6 acres and was originally constructed in 1960 with additions through 1995. The Company’s highly tenured workforce, ISO 9001:2015 registration, and customer part-approval qualifications are all specific to this property and could not be replicated at an alternative site without substantial time and capital investment. Precision Gears has approximately 23 years remaining on its lease and features 2.00% annual rent escalations with 1 x 5-year renewal options.
The Tenant’s irreplaceable onsite qualifications, blue-chip customer base, and mission-critical role within the United Stars platform provide a highly compelling long-term acquisition basis.
Property Facts
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Somewhat walkable
30/100
Exceptionally drivable
100/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | PWC-0951-996 | Improvements Assessment | $1,431,700 |
| Land Assessment | $730,800 | Total Assessment | $2,162,500 |
Property Taxes
Parcel Number
PWC-0951-996
Land Assessment
$730,800
Improvements Assessment
$1,431,700
Total Assessment
$2,162,500
Contacts
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Guy Ponticiello -
Maury Vanden Eykel -
Patrick Reiman -
Bruce Westwood-Booth -
Kyle Sals -
Jon Fink -
Trent Poole -
Steve Roth -
CBRE
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