Warehouse
Waukesha Industrial Portfolio
N53W24950 S Corporate Cir, Sussex, WI 53089
Listing Price: $18,000,000
Investment Overview
Marcus & Millichap is pleased to exclusively offer the Waukesha Industrial Portfolio, a 100 percent-leased, 38-suite industrial portfolio totaling 152,275 Square Feet across eight buildings in Waukesha County, Wisconsin. The portfolio is diversified across five infill submarkets within Greater Milwaukee and features granular tenancy, with no tenant accounting for more than 10% of portfolio rent.
The portfolio is offered at $18,000,000, or $118.20 per square foot, representing a 7.41 percent in-place cap rate on $1,333,868 of annualized NOI. Pro forma NOI increases to $1,418,295, representing a 7.88 percent cap rate, driven primarily by contractual rent escalations through August 2027. The rent roll provides near-term mark-to-market upside, with approximately 72,500 SF rolling in 2026–2027 and in-place average base rent of $9.07 per Square Foot.
Six of the eight buildings operate under triple-net lease structures with disciplined CAM recovery. Additional upside exists through WestAve CAM true-up, Travis NN-to-NNN conversion at renewal, and potential property tax contest recoveries not underwritten in the base pricing. The portfolio may be acquired in full or through defined offering packs: Singles, Two-Pack, and Four-Pack.
Waukesha Industrial Portfolio
Investment Highlights
- 100 percent-leased, 38-suite industrial portfolio totaling 152,275 Square Feet across Eight buildings in five tight Waukesha County submarkets.
- $18.0 Million offering price with $1.33 Million in-place NOI, 7.41 percent in-place cap, and a clear path to $1.42 Million / 7.88 percent pro forma NOI.
- 38 tenancies across Eight assets, with no tenant exceeding 10% of portfolio rent; largest tenant is 9.6 percent.
- Triple Net Lease-dominant structure: six of eight buildings are triple-net; Travis Double Net leases and WestAve CAM true-up create renewal upside.
- Flexible acquisition structure: buy full portfolio at $18.0 Million, Singles at $6.75 Million, Two-Pack at $2.45 Million, or Four-Pack at $8.80 Million.
- Additional upside from active property tax contests: ~$12.8K a year illustrative NOI recovery, not underwritten in base pricing.
- Pro forma growth is driven by contractual rent escalations, not lease-up assumptions, with the portfolio already 100 percent leased.
- Near-term mark-to-market opportunity with ~72,500 Square Foot rolling in 2026–27 and in-place average base rent of $9.07 per Square Foot.
Exclusively Listed By
Financing By
Listing Price: $18,000,000
Investment Highlights
- 100 percent-leased, 38-suite industrial portfolio totaling 152,275 Square Feet across Eight buildings in five tight Waukesha County submarkets.
- $18.0 Million offering price with $1.33 Million in-place NOI, 7.41 percent in-place cap, and a clear path to $1.42 Million / 7.88 percent pro forma NOI.
- 38 tenancies across Eight assets, with no tenant exceeding 10% of portfolio rent; largest tenant is 9.6 percent.
- Triple Net Lease-dominant structure: six of eight buildings are triple-net; Travis Double Net leases and WestAve CAM true-up create renewal upside.
- Flexible acquisition structure: buy full portfolio at $18.0 Million, Singles at $6.75 Million, Two-Pack at $2.45 Million, or Four-Pack at $8.80 Million.
- Additional upside from active property tax contests: ~$12.8K a year illustrative NOI recovery, not underwritten in base pricing.
- Pro forma growth is driven by contractual rent escalations, not lease-up assumptions, with the portfolio already 100 percent leased.
- Near-term mark-to-market opportunity with ~72,500 Square Foot rolling in 2026–27 and in-place average base rent of $9.07 per Square Foot.
Investment Overview
Marcus & Millichap is pleased to exclusively offer the Waukesha Industrial Portfolio, a 100 percent-leased, 38-suite industrial portfolio totaling 152,275 Square Feet across eight buildings in Waukesha County, Wisconsin. The portfolio is diversified across five infill submarkets within Greater Milwaukee and features granular tenancy, with no tenant accounting for more than 10% of portfolio rent. The portfolio is offered at $18,000,000, or $118.20 per square foot, representing a 7.41 percent in-place cap rate on $1,333,868 of annualized NOI. Pro forma NOI increases to $1,418,295, representing a 7.88 percent cap rate, driven primarily by contractual rent escalations through August 2027. The rent roll provides near-term mark-to-market upside, with approximately 72,500 SF rolling in 2026–2027 and in-place average base rent of $9.07 per Square Foot. Six of the eight buildings operate under triple-net lease structures with disciplined CAM recovery. Additional upside exists through WestAve CAM true-up, Travis NN-to-NNN conversion at renewal, and potential property tax contest recoveries not underwritten in the base pricing. The portfolio may be acquired in full or through defined offering packs: Singles, Two-Pack, and Four-Pack.
Exclusively Listed By
Financing By
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