4775 N Green Bay Ave - Medical FOR SALE


Milwaukee, WI 53209- Lincoln Park
$1,400,000 USD
630-805-2463
4775 N Green Bay Ave, Milwaukee, WI for Sale
$1,400,000 USD
Medical - FOR SALE
1/14
null | 8% Cap Rate

4775 N Green Bay Ave
Milwaukee, WI 53209
Lincoln Park


HIGHLIGHTS

  • Corporate Guaranty
  • National Credit Anchor Tenant
  • Renewal Option
  • Below Market Rents
  • Priced Significantly Below Replacement Cost
  • Annual Rent Escalations

OVERVIEW

Fully leased multi-tenant investment property, high 8.7% cap rate, with American Renal Associates, Inc. (ARA) as the anchor tenant. 100% Occupied. ARA is a leading owner and operator of outpatient kidney dialysis facilities with over 200 locations. ARA dialysis clinic occupies 68% of the property on a NN lease with a corporate guarantee. In the near future, ARA will likely exercise an option to extend the lease to 3/31/30. The rest of the property is occupied by tenants Meyer Laboratory and LH Concessions, on full service leases (tenants reimburse LL for taxes). Tenants pay below-market weighted average rent of $9.87/SF. Renovated in 2021 and strategically positioned to benefit from the high traffic volume of over 60,000 views per day and a population of 395,000 within a five-mile radius. At $105/SF, asking price is well below replacement cost. Contact troy@goldengroupinc.com for more information.

FOR SALE DETAILS

PRICE

$1,400,000 USD

PRICE/SF

$105 USD /SF

CAP RATE

8%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

1959

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.75 AC

LAND SF

32,670 SF

ZONING

Lb1

APN/PARCEL ID

232-0001-110-4

ASK ABOUT THIS PROPERTY

Troy GoldenGolden Group Commercial Real EstateMore Info
630-805-2463

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Troy GoldenGolden Group Commercial Real EstateMore Info
630-805-2463

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