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Multifamily

Belle Square Apartments

323 State St, La Crosse, WI 54601

Listing Price: $17,495,000

Cap Rate
6.05%
Number of Units
93
GRM
9.47
Occupancy
95.0%
Price/Unit
$188,118
Price/Gross SF
$190.65
Gross SF
91,765

Investment Overview

Marcus and Millichap is pleased to present the opportunity to acquire the Residences At Belle Square. 93 unique apartment residences in La Crosse, Wisconsin. Belle Square’s scale, architecture, and locally sourced building materials blend seamlessly with the historic character of the surrounding structures. Highly energy- and water-efficient, the development utilizes passive solar design to maximize natural daylight and ventilation. Additional features include: Secured buildings, security camera system in common areas, rooftop green space, club room, business center, indoor bike room, and resident storage lockers.

Investment Highlights

  • 2017 Construction - Exceptionally Well-Designed Building!
  • Excellent Unit Mix Composed of Studio, One-Bedroom, Two-Bedroom, and Three-Bedroom Units!
  • Located in the Heart of Downtown La Crosse, Between Third and Fourth Street, as well as State and Vine Streets
  • Strong Rental Market!
  • In Close Proximity to Performing Arts Venues, Museums, and Educational Institutions!
  • In Walking Distance to Specialty Shops, Galleries, Restaurants, Bars, and Breweries!
  • Strong Transportation Infrastructure; Acts as a Transportation Hub Connecting Minneapolis, Madison, Milwaukee, Chicago, and Des Moines!

Exclusively Listed By

  • Tony Azzi

    Executive Managing Director Investments

    (310) 909-5454

    Email Tony

    License(s): CA: 00910513, CA: 01325569

    Los Angeles

  • Dan Danielak

    First Vice President Investments

    (310) 909-5500

    Email Dan

    License(s): CA: 01988967

    Los Angeles

Broker of Record

  • Todd Lindblom

    First Vice President/Regional Manager

    (262) 364-1900

    License(s) WI: 56163-90

    Wisconsin

Financing By

Multifamily

Belle Square Apartments

Listing Price: $17,495,000

Cap Rate
6.05%
Number of Units
93
GRM
9.47
Occupancy
95.0%
Price/Unit
$188,118
Price/Gross SF
$190.65
Gross SF
91,765

Investment Highlights

  • 2017 Construction - Exceptionally Well-Designed Building!
  • Excellent Unit Mix Composed of Studio, One-Bedroom, Two-Bedroom, and Three-Bedroom Units!
  • Located in the Heart of Downtown La Crosse, Between Third and Fourth Street, as well as State and Vine Streets
  • Strong Rental Market!
  • In Close Proximity to Performing Arts Venues, Museums, and Educational Institutions!
  • In Walking Distance to Specialty Shops, Galleries, Restaurants, Bars, and Breweries!
  • Strong Transportation Infrastructure; Acts as a Transportation Hub Connecting Minneapolis, Madison, Milwaukee, Chicago, and Des Moines!

Investment Overview

Marcus and Millichap is pleased to present the opportunity to acquire the Residences At Belle Square. 93 unique apartment residences in La Crosse, Wisconsin. Belle Square’s scale, architecture, and locally sourced building materials blend seamlessly with the historic character of the surrounding structures. Highly energy- and water-efficient, the development utilizes passive solar design to maximize natural daylight and ventilation. Additional features include: Secured buildings, security camera system in common areas, rooftop green space, club room, business center, indoor bike room, and resident storage lockers.

Exclusively Listed By

  • Tony Azzi

    Executive Managing Director Investments

    (310) 909-5454

    Email Tony

    License(s): CA: 00910513, CA: 01325569

    Los Angeles

  • Dan Danielak

    First Vice President Investments

    (310) 909-5500

    Email Dan

    License(s): CA: 01988967

    Los Angeles

Broker of Record

  • Todd Lindblom

    First Vice President/Regional Manager

    (262) 364-1900

    License(s): WI: 56163-90

    Wisconsin

Financing By

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