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Trophy Office | NNN Leases & Strong ROI N19W23993 Ridgeview Pky 56,800 SF 91% Leased Office Building Online Auction Sale Waukesha, WI 53188
Financing Available
Investment Highlights
- RidgeView Office Center II presents a Class A office building standing at 91% occupancy by a mix of local tenants on NNN terms with a robust NOI.
- Conveniently located within the RidgeView Corporate Park in the Pewaukee neighborhood of Milwaukee, which is home to a growing list of employers.
- Featuring contemporary finishes with ample amenities such as manicured landscaping, abundant surface parking, and efficient floor plates.
- RidgeView Office Center II boasts a notable WALT of 9.4 years.
- Stabilized opportunity to invest in a high-occupancy, impeccably maintained office asset positioned for steady above-market rates over time.
- Ample parking is available in the completely renovated parking lot, the building features an LEED registered energy rating, and a new roof (9/25).
Executive Summary
Investors are invited to a passive investment opportunity to acquire RidgeView Office Center II, a fee-simple property comprising a two-story, 56,800-square-foot multi-tenant office building located in Waukesha, Wisconsin, within the Milwaukee MSA.
Redford Boulevard runs through the office park and is one of the city's major thoroughfares, allowing easy travel within and outside the city and convenient access to shopping centers with all the necessities. Commuting and traveling from Waukesha is a breeze, with easy access to Interstate 94 and Waukesha County Airport.
Conveniently located near Interstate 94 and Waukesha County Airport, ensuring smooth commutes and travel for tenants and visitors. The Ridgeview Parkway Offices is home to Class A, corporate tenants and is surrounded by mature landscaping. The subject building boasts a grand, two-story atrium lobby and efficient floor plates accentuated by modern finishes. Ample on-site parking is available in the completely renovated parking lots.
Waukesha, Wisconsin, boasts a robust, diversified economy, with strong sectors in manufacturing, healthcare, and retail. As of 2023, the city's workforce numbered approximately 40,900, with manufacturing employing around 7,479 individuals, healthcare and social assistance employing 5,485, and retail trade employing 4,594. Notably, the utilities sector stands out as the highest-paying industry, followed by public administration, finance, and insurance sectors. Waukesha's economy remains resilient, supported by a skilled labor force and a diverse industrial base.
Within a 10-mile radius of the offices, the population exceeds 391,930, with projected annual growth over the next five years, all of which contribute to the area's strong labor pool, thriving consumer base, and flourishing community.
Investors will benefit from the property's strategic location, significant 91% occupancy, and the area's ongoing appreciation driven by a growing community.
Property tours are by appointment only. Please contact the listing broker to schedule.
Redford Boulevard runs through the office park and is one of the city's major thoroughfares, allowing easy travel within and outside the city and convenient access to shopping centers with all the necessities. Commuting and traveling from Waukesha is a breeze, with easy access to Interstate 94 and Waukesha County Airport.
Conveniently located near Interstate 94 and Waukesha County Airport, ensuring smooth commutes and travel for tenants and visitors. The Ridgeview Parkway Offices is home to Class A, corporate tenants and is surrounded by mature landscaping. The subject building boasts a grand, two-story atrium lobby and efficient floor plates accentuated by modern finishes. Ample on-site parking is available in the completely renovated parking lots.
Waukesha, Wisconsin, boasts a robust, diversified economy, with strong sectors in manufacturing, healthcare, and retail. As of 2023, the city's workforce numbered approximately 40,900, with manufacturing employing around 7,479 individuals, healthcare and social assistance employing 5,485, and retail trade employing 4,594. Notably, the utilities sector stands out as the highest-paying industry, followed by public administration, finance, and insurance sectors. Waukesha's economy remains resilient, supported by a skilled labor force and a diverse industrial base.
Within a 10-mile radius of the offices, the population exceeds 391,930, with projected annual growth over the next five years, all of which contribute to the area's strong labor pool, thriving consumer base, and flourishing community.
Investors will benefit from the property's strategic location, significant 91% occupancy, and the area's ongoing appreciation driven by a growing community.
Property tours are by appointment only. Please contact the listing broker to schedule.
Data Room Click Here to Access
- Operating and Financials
- Financing Available - Terms Sheet
- Purchase Agreement
- Title and Insurance
Market Analytics Click Here to Access
Property Facts
Sale Type
Investment
Sale Condition
Auction Sale
Type of Ownership
Fee Simple
Property Type
Office
Building Size
56,800 SF
Building Class
A
Year Built
2001
Percent Leased
91%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
28,400 SF
Slab To Slab
14’
Building FAR
0.14
Lot Size
9.06 AC
Parcel Number
PWC-0954-993-002
Zoning
B-4 - Business Commercial
Parking
238 Spaces (4.2 Spaces per 1,000 SF Leased)
Amenities
- Atrium
- Bus Line
- Fitness Center
- Property Manager on Site
- Security System
- Signage
Space Availability
- Space
- Size
- Space Use
- Build-Out
- Available
1,586 sf of office space available immediately
| Space | Size | Space Use | Build-Out | Available |
| 1st Floor | 1,586 SF | Office | Partial Build-Out | Now |
1st Floor
| Size |
| 1,586 SF |
| Space Use |
| Office |
| Build-Out |
| Partial Build-Out |
| Available |
| Now |
1st Floor
| Size | 1,586 SF |
| Space Use | Office |
| Build-Out | Partial Build-Out |
| Available | Now |
1,586 sf of office space available immediately
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Somewhat walkable
30/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Demographics
Demographics
1 mile
3 mile
5 mile
2025 Population
2,235
40,362
117,019
2020 Population
2,125
39,418
112,732
2030 Population
2,295
41,219
119,848
2025-2030 Projected Population Growth
2.7%
2.1%
2.4%
Daytime Employees
8,875
50,497
91,821
Total Businesses
664
4,096
8,257
Average Household Income
$113,045
$107,528
$112,181
Median Household Income
$87,588
$81,592
$86,379
Total Consumer Spending
$33.5M
$547.9M
$1.6B
Median Age
46.9
42.2
42.1
2025 Households
1,123
17,234
49,599
Percent College Degree or Above
27%
29%
29%
Average Home Value
$367,659
$420,304
$424,495
Sale Advisor
Sale Advisor
Vannessa Machado
Vannessa has worked in various sales roles. She also enjoys helping her husband in his business ventures, and as a fellow Real Estate Agent, He is her favorite team partner. Her passion for sales and her desire to always help others encouraged Vannessa to make the career change into Real Estate. Vannessa speaks three languages (Spanish, English, and Sign Language). She loves helping people and volunteering.
About the Auction Technology
Auctions by Ten-X are the #1 transaction technology powering commercial real estate transactions online. With over $34B in total transactions, these auctions use best-in-class technology and real-time asset intelligence to put listings in the best position to find the perfect buyer. The expedited auction timeline, comprehensive due diligence, and buyer qualification make transactions twice as fast and twice as certain for brokers, owners, and investors.
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Auction Contact
Molly Patten
Contact
Auctioneer License:
Ten-X, LLC Arlene Richardson RE Brkr 937838-91 Ten-X Auction Firm 481-53 Samantha Corbat Auctioneer 4028-52
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
3% Transaction Fee
Based on Winning Bid Amount
Minimum Transaction Fee
$20,000
Maximum Transaction Fee
$300,000
Example Calculation
Winning Bid Amount
$5,000,000
Transaction Fee
$150,000 (3%)
Total Purchase Price
$5,150,000
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Trophy Office | NNN Leases & Strong ROI | N19W23993 Ridgeview Pky
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Trophy Office | NNN Leases & Strong ROI | N19W23993 Ridgeview Pky
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