Investment Overview

Marcus & Millichap is pleased to present the fee-simple sale offering of 1204 Minnesota Avenue, a multi-tenant industrial building located in South Milwaukee, Wisconsin. The property is 17,149 square-feet that is currently leased to a variety of local tenants. The facility features 1,878 square feet of office-showroom finish, one-dive-in door, four loading docks, and a 12-foot clear height. The rent roll for the subject property includes 5 tenants on leases ranging from month-to-month to 4-years. With many of the tenants on shorter term leases, an investor has a value-add opportunity to increase rents at their discretion. The purchase of this offering presents an investor with a true value-add opportunity while acquiring a well-kept industrial facility located just south of General Mitchell International Airport. At the current list price of $870,000 the investment generates an in-place NOI of $72,621 which equates to a 8.35% capitalization rate.