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Division Road Professional Building | Milwaukee MSA

N96 W17035 Division Rd, Germantown, WI 53022

Listing Price: $2,045,814

Cap Rate
7.06%
Gross SF
9,665
Rentable SF
9,665
Price/Gross SF
$211.67
Lot Size
1.05 acres
Year Built
2007

Investment Overview

Marcus & Millichap is pleased to present Division Road Professional Building, a 100% occupied space in Germantown, Wisconsin. It has a healthy mix of internet resistant tenants including The Parlor Salon, Affiliated Dermatologists, and Kesslers Diamond Center. The Parlor has been a tenant in this space since 2010. All tenants have annual rent increases. The Parlor has increases of 3% annually and Affiliated Dermatologists and Kesslers Diamond Center both have increases of 2% annually. It is ideally situated off of the extremely heavily traveled intersection of U.S. Highway 41 and County Line Road. That intersection sees over 100,000 vehicles per day. In addition to that, this building also has 234 feet of frontage along Division Road. There are many notable major retailers in close proximity to the subject property including Target, Walmart, Fleet Farm, Menards, Costco, Home Depot, and more. It is also located 1.3 miles from Cross Roads Shopping Center. Notable tenants include Hobby Lobby, JC Penney, Sephora, Bath & Body Works, Metro Market, and Chick-fil-A. In addition to retailers, it is also near a hospital and many colleges and universities. It is located 3.5 miles from Froedtert Menomonee Falls Hospital with 202 beds and over 1,400 staff members. Subject property is also nine miles from Moraine Park Technical College with over 23,400 students and 18 miles from University of Wisconsin-Milwaukee with over 27,000 students. The location has attractive demographics with over 78,300 people working within a five-mile radius, and an average household income exceeding $98.800 within five miles.

Investment Highlights

  • 100% Occupied Space with a Healthy Mix of Internet Resistant and Local Tenants
  • All Tenants Have Annual Rent Increases
  • Situated Directly Off of the Extremely Heavily Traveled U.S. Highway 41 and County Line Road Intersection
  • Many Notable Major Retailers in the Area Including Target, Walmart, Fleet Farm, Menards, Costco, Home Depot, and More
  • 3.5 Miles from Froedtert Menomonee Falls Hospital
  • In Close Proximity to Many Colleges and Universities
  • Strong Infill Location and Attractive Demographics

Exclusively Listed By

Broker of Record

  • Todd Lindblom

    First Vice President/Regional Manager

    (262) 364-1900

    License(s) WI: 56163-90

    Wisconsin

Office

Division Road Professional Building | Milwaukee MSA

Listing Price: $2,045,814

Cap Rate
7.06%
Gross SF
9,665
Rentable SF
9,665
Price/Gross SF
$211.67
Lot Size
1.05 acres
Year Built
2007

Investment Highlights

  • 100% Occupied Space with a Healthy Mix of Internet Resistant and Local Tenants
  • All Tenants Have Annual Rent Increases
  • Situated Directly Off of the Extremely Heavily Traveled U.S. Highway 41 and County Line Road Intersection
  • Many Notable Major Retailers in the Area Including Target, Walmart, Fleet Farm, Menards, Costco, Home Depot, and More
  • 3.5 Miles from Froedtert Menomonee Falls Hospital
  • In Close Proximity to Many Colleges and Universities
  • Strong Infill Location and Attractive Demographics

Investment Overview

Marcus & Millichap is pleased to present Division Road Professional Building, a 100% occupied space in Germantown, Wisconsin. It has a healthy mix of internet resistant tenants including The Parlor Salon, Affiliated Dermatologists, and Kesslers Diamond Center. The Parlor has been a tenant in this space since 2010. All tenants have annual rent increases. The Parlor has increases of 3% annually and Affiliated Dermatologists and Kesslers Diamond Center both have increases of 2% annually. It is ideally situated off of the extremely heavily traveled intersection of U.S. Highway 41 and County Line Road. That intersection sees over 100,000 vehicles per day. In addition to that, this building also has 234 feet of frontage along Division Road. There are many notable major retailers in close proximity to the subject property including Target, Walmart, Fleet Farm, Menards, Costco, Home Depot, and more. It is also located 1.3 miles from Cross Roads Shopping Center. Notable tenants include Hobby Lobby, JC Penney, Sephora, Bath & Body Works, Metro Market, and Chick-fil-A. In addition to retailers, it is also near a hospital and many colleges and universities. It is located 3.5 miles from Froedtert Menomonee Falls Hospital with 202 beds and over 1,400 staff members. Subject property is also nine miles from Moraine Park Technical College with over 23,400 students and 18 miles from University of Wisconsin-Milwaukee with over 27,000 students. The location has attractive demographics with over 78,300 people working within a five-mile radius, and an average household income exceeding $98.800 within five miles.

Exclusively Listed By

Broker of Record

  • Todd Lindblom

    First Vice President/Regional Manager

    (262) 364-1900

    License(s): WI: 56163-90

    Wisconsin

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