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Multifamily

Whitney Lofts

215 N Webster Ave, Green Bay, WI 54301

Listing Price: $5,280,000

Cap Rate
5.70%
Number of Units
23
GRM
12.33
Occupancy
100.0%
Price/Unit
$229,565
Price/Gross SF
$138.95
Gross SF
38,000

Investment Overview

Marcus & Millichap is pleased to offer the Whitney School Lofts Apartments
located in downtown Green Bay, Wisconsin. Completely renovated in 2020, this property
sits on 1.48 acers of land located at 215 N Webster Ave. This multifamily
opportunity has gone through significant improvements that include high
efficiency heating and cooling, new electrical, new plumbing, high end fitness
center, and large outdoor and entertainment space. Whitney school lofts are
considered to be some of the highest quality units in the green bay market that
feature stainless steel appliances, quartz counters, in-unit washer and dryers’
floor-to-ceiling windows, refurbished wood floors, tall ceilings with unique open
floor style units. This 23-unit luxury apartment building consists of 12 one-bed/
one-bath units, nine two-bed/one-and-a-half bath units, and two two-bed/two-bath units.
Located within walking distance of downtown, Whitney School Lofts offer
residents an excellent balance of a vibrant city lifestyle while maintaining
neighborhood charm. The property sits right behind main street and a few blocks
away from the fox river. Green Bay is a thriving city with a current population of
over 107,000. Green Bay has had 10 years of positive growth and is the third
largest city in the state behind Milwaukee and Madison with a metro population
of over 250,000.
U.S.News & World Report called Green Bay "The perfect mix of big-city amenities
complemented with a Midwestern, small-town feel." Ranking it the #1 best places
to live in 23-24. Top employers include Bellin Health and Schneider National
which both have their corporate headquarters in Green Bay with Bellin HQ being
a mile from this property. Property is in walking distance to Whitney dog Park,
CVS, Downtown Green Bay, Brown County Central Library, YMCA, and many
restaurants, bars, grocery stores. This is a rare opportunity to have a extremely
well built property in a phenomenal location and market.

Investment Highlights

  • Located in Downtown Green Bay, the Third Largest City in Wisconsin
  • 2020 Renovated Property
  • Stabilized Property, Currently 100 Percent Occupied with Great Historical Occupancy

Exclusively Listed By

  • Patrick Suffield

    Senior Associate

    (312) 327-5419

    Email Patrick

    License(s): IL: 475.179485, MI: 6501424960, WI: 98170-94

    Chicago Downtown

Broker of Record

  • Todd Lindblom

    First Vice President/Regional Manager

    (262) 364-1900

    License(s) WI: 56163-90

    Wisconsin

Financing By

Multifamily

Whitney Lofts

Listing Price: $5,280,000

Cap Rate
5.70%
Number of Units
23
GRM
12.33
Occupancy
100.0%
Price/Unit
$229,565
Price/Gross SF
$138.95
Gross SF
38,000

Investment Highlights

  • Located in Downtown Green Bay, the Third Largest City in Wisconsin
  • 2020 Renovated Property
  • Stabilized Property, Currently 100 Percent Occupied with Great Historical Occupancy

Investment Overview

Marcus & Millichap is pleased to offer the Whitney School Lofts Apartments located in downtown Green Bay, Wisconsin. Completely renovated in 2020, this property sits on 1.48 acers of land located at 215 N Webster Ave. This multifamily opportunity has gone through significant improvements that include high efficiency heating and cooling, new electrical, new plumbing, high end fitness center, and large outdoor and entertainment space. Whitney school lofts are considered to be some of the highest quality units in the green bay market that feature stainless steel appliances, quartz counters, in-unit washer and dryers’ floor-to-ceiling windows, refurbished wood floors, tall ceilings with unique open floor style units. This 23-unit luxury apartment building consists of 12 one-bed/ one-bath units, nine two-bed/one-and-a-half bath units, and two two-bed/two-bath units. Located within walking distance of downtown, Whitney School Lofts offer residents an excellent balance of a vibrant city lifestyle while maintaining neighborhood charm. The property sits right behind main street and a few blocks away from the fox river. Green Bay is a thriving city with a current population of over 107,000. Green Bay has had 10 years of positive growth and is the third largest city in the state behind Milwaukee and Madison with a metro population of over 250,000. U.S.News & World Report called Green Bay "The perfect mix of big-city amenities complemented with a Midwestern, small-town feel." Ranking it the #1 best places to live in 23-24. Top employers include Bellin Health and Schneider National which both have their corporate headquarters in Green Bay with Bellin HQ being a mile from this property. Property is in walking distance to Whitney dog Park, CVS, Downtown Green Bay, Brown County Central Library, YMCA, and many restaurants, bars, grocery stores. This is a rare opportunity to have a extremely well built property in a phenomenal location and market.

Exclusively Listed By

  • Patrick Suffield

    Senior Associate

    (312) 327-5419

    Email Patrick

    License(s): IL: 475.179485, MI: 6501424960, WI: 98170-94

    Chicago Downtown

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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