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Office Medical

Affiliated Medical Services / Fred Astaire

625 E St Paul Ave, Milwaukee, WI 53202

Listing Price: $1,912,000

Cap Rate
8.34%
Gross SF
12,467
Rentable SF
10,232
Price/Gross SF
$153.36
Occupancy
100.0%
Year Built
1961
Lot Size
0.35 acres

Investment Overview

Marcus & Millichap is pleased to present this fully occupied two tenant building in downtown Milwaukee. Fred Astaire Dance Studio occupies the first floor on a net lease through March 2031, and Affiliated Medical Services occupies the lower level on a new net lease through February 2035.

Investment Highlights

  • 100% Occupied by Two Tenants on Triple Net Leases
  • Fred Astaire Occupies the First Floor Unit With 3% Annual Rent Increases Through 2031
  • Affiliated Medical Services Has a New Ten Year Lease for the Lower Level Unit With 3% Annual Increases
  • Prominent Downtown Location with Off-street Parking Lot, Resurfaced in 2024

Exclusively Listed By

Financing By

Office Medical

Affiliated Medical Services / Fred Astaire

Listing Price: $1,912,000

Cap Rate
8.34%
Gross SF
12,467
Rentable SF
10,232
Price/Gross SF
$153.36
Occupancy
100.0%
Year Built
1961
Lot Size
0.35 acres

Investment Highlights

  • 100% Occupied by Two Tenants on Triple Net Leases
  • Fred Astaire Occupies the First Floor Unit With 3% Annual Rent Increases Through 2031
  • Affiliated Medical Services Has a New Ten Year Lease for the Lower Level Unit With 3% Annual Increases
  • Prominent Downtown Location with Off-street Parking Lot, Resurfaced in 2024

Investment Overview

Marcus & Millichap is pleased to present this fully occupied two tenant building in downtown Milwaukee. Fred Astaire Dance Studio occupies the first floor on a net lease through March 2031, and Affiliated Medical Services occupies the lower level on a new net lease through February 2035.

Exclusively Listed By

Financing By

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