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Office

Merrill Lynch Anchored Office

2600 Browns Lake Dr, Burlington, WI 53105

Listing Price: $1,145,000

Cap Rate
8.03%
Gross SF
5,481
Rentable SF
5,481
Price/Gross SF
$208.90
Lot Size
2.00 acres
Year Built
1995

Investment Overview

OVER 26,000 RESIDENTS WITHIN FIVE MILES WITH AN AVERAGE HOUSEHOLD INCOME OF $90,573

EXCELLENT VISIBILITY FROM MILWAUKEE AVE 15,000+ VEHICLES PER DAY

Investment Highlights

  • MERRILL LYNCH IS ON A TRIPLE-NET LEASE INCLUDING REIMBURSEMENT FOR MANAGEMENT FEE
  • MAY'S INSURANCE IS ON A GROSS LEASE WITH A PERSONAL GUARANTY
  • BOTH TENANTS ARE WELL-ESTABLISHED WITHIN THE COMMUNITY
  • REMODELLED IN 2015 MERRILL LYNCH PAID FOR THE MAJORITY OF THEIR INTERNAL BUILD-OUT
  • 100% OCCUPIED OFFICE CENTER - TWO UNITS
  • BOTH TENANTS HAVE ANNUAL RENT INCREASES

Exclusively Listed By

Listing Price: $1,145,000

Cap Rate
8.03%
Gross SF
5,481
Rentable SF
5,481
Price/Gross SF
$208.90
Lot Size
2.00 acres
Year Built
1995

Investment Highlights

  • MERRILL LYNCH IS ON A TRIPLE-NET LEASE INCLUDING REIMBURSEMENT FOR MANAGEMENT FEE
  • MAY'S INSURANCE IS ON A GROSS LEASE WITH A PERSONAL GUARANTY
  • BOTH TENANTS ARE WELL-ESTABLISHED WITHIN THE COMMUNITY
  • REMODELLED IN 2015 MERRILL LYNCH PAID FOR THE MAJORITY OF THEIR INTERNAL BUILD-OUT
  • 100% OCCUPIED OFFICE CENTER - TWO UNITS
  • BOTH TENANTS HAVE ANNUAL RENT INCREASES

Investment Overview

OVER 26,000 RESIDENTS WITHIN FIVE MILES WITH AN AVERAGE HOUSEHOLD INCOME OF $90,573

EXCELLENT VISIBILITY FROM MILWAUKEE AVE 15,000+ VEHICLES PER DAY

Exclusively Listed By

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