Investment Overview

This investment offers a 15,365 square foot 100 percent leased multi-tenant industrial asset located in Menomonee Falls, Wisconsin, one of the most sought-after industrial submarkets in Waukesha County with approximately 1.5 percent small bay industrial vacancy rates. Constructed in 1989, the property features a diversified three tenant mix across four suites and has maintained 100 percent occupancy since inception, providing investors with stable, in-place cash flow and minimal rollover risk. The building is well-configured for small-bay users, offering six drive-in doors, 16-foot and seven-inch clear heights, and separately metered units, making it highly functional and attractive to a broad tenant base. The asset generates $174,215 in current gross rental income, equating to $11.34 per square foot, and produces a Net Operating Income of approximately $133,155 ($8.67 per square foot). With staggered lease expirations and a history of long-term tenancy, the property offers both income stability and future mark-to-market upside. Strategically positioned just four minutes from Interstate 41, the property benefits from excellent regional connectivity and access to Milwaukee’s primary industrial corridors. The surrounding submarket continues to experience strong tenant demand, low vacancy, and limited new supply, supporting long-term rent growth and asset appreciation. Recent capital improvements, including a new roof and parking lot (2018), contribute to the property’s turnkey nature and reduced near-term capital expenditure requirements.