414-249-2310
144 E Summit Ave, Wales, WI for Sale
Medical - FOR SALE
1/39
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144 E Summit Ave
Wales, WI 53183


HIGHLIGHTS

  • Well established tenant roster with upside & user potential.
  • Dynamic location with excellent accessibility & robust market fundamentals.

OVERVIEW

Founders 3 is pleased to offer the fee simple interest in 144 E Summit Avenue (the “Property” or the “Wales Professional Building”), a multi-tenant, Class A office building located in Wales, WI. Constructed in 2004 atop a 1.35-acre (“AC”) site, the Property consists of approximately 11,249 square feet (“SF”) and is currently 56.1% occupied with a weighted-average lease term (“WALT”) of 3.4 years. The Wales Professional building is home to two esteemed medical tenants, Aurora Medical Group (“Aurora”) and Bubon & Associates (“Bubon”), both of which have demonstrated strong loyalty, as reflected in their weighted average length of tenancy of nearly 15 years. The Property offers a prime opportunity for an owner user to occupy its sole vacant suite while benefiting from the existing income in-place. Additionally, investors can unlock significant value through lease-up of the Property’s vacant suite and marking rents to market. The Wales Professional Building is being offered for sale for the first time since its development, presenting a rare opportunity to acquire a meticulously maintained asset in a high-performing submarket with a remarkably low vacancy rate of just 1.0%

FOR SALE DETAILS

PRICE

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CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Wales Professional Building

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

2004

SPRINKLERS

-

PARKING SPACES

52

LAND DETAILS

LAND ACRES

1.35 AC

LAND SF

58,806 SF

ZONING

B-2

APN/PARCEL ID

WLSV-1454-986-001

ASK ABOUT THIS PROPERTY

Andy HessFounders 3 Real Estate ServicesMore Info
414-249-2310

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Andy HessFounders 3 Real Estate ServicesMore Info
414-249-2310

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.