Office

Blackstone Plaza

909 Blackstone Ave, Waukesha, WI 53186

Listing Price: $1,400,000

Cap Rate
7.22%
Gross SF
26,000
Rentable SF
26,000
Price/Gross SF
$53.85
Lot Size
2.36 acres
Year Built
1953

Investment Overview

Marcus and Millichap is pleased to present this multi-tenant flex opportunity in Waukesha, Wisconsin. This offering is a 26,000 Sq. Ft. facility sitting on 2.36 acres. The property was built in 1963 and had extensive interior and exterior updates in 2020. There is a value add component to this deal, with a 26% of the RBA being currently vacant (1 suite).

Investment Highlights

  • Numerous long-tenured tenants at the property
  • Additional Up-side through lease-up of vacant suite (7,000 SF) 26% RBA
  • Additional Income from Semi-Trailer parking
  • Sought-After Waukesha County (WI) Sub-market
  • Extensive Interior/ Exterior Renovations in 2020

Exclusively Listed By

Listing Price: $1,400,000

Cap Rate
7.22%
Gross SF
26,000
Rentable SF
26,000
Price/Gross SF
$53.85
Lot Size
2.36 acres
Year Built
1953

Investment Highlights

  • Numerous long-tenured tenants at the property
  • Additional Up-side through lease-up of vacant suite (7,000 SF) 26% RBA
  • Additional Income from Semi-Trailer parking
  • Sought-After Waukesha County (WI) Sub-market
  • Extensive Interior/ Exterior Renovations in 2020

Investment Overview

Marcus and Millichap is pleased to present this multi-tenant flex opportunity in Waukesha, Wisconsin. This offering is a 26,000 Sq. Ft. facility sitting on 2.36 acres. The property was built in 1963 and had extensive interior and exterior updates in 2020. There is a value add component to this deal, with a 26% of the RBA being currently vacant (1 suite).

Exclusively Listed By

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