The Offering
CBRE is pleased to present for your investment consideration a 100% fee simple interest in two multi-tenant office buildings located at 1501-1511 & 1535-1539 West Market Street & 1500 West Market Street in Mequon, Wisconsin.
The first offering is composed of two 2-tenant, triple net leased office buildings, known as Lakeside East-West, totally 18,636 SF of gross leasable area. The improvements are fully occupied by a strong mix of local and national tenants including Baird, Milwaukee Hand Center, Pegasus Partners, and EPIC Chiropractic.
The second offering is composed of one two-story multi-tenant office building. Known as the Lakeside North Building, the offering is composed of 18,127 square feet of gross leasable area. The improvements are occupied by a strong mix of local and national tenants including Merrill Lynch, Reinhart Partners, Milwaukee Private Wealth Management, and Lakeside Development. 1500 West Market Street is 100% occupied.
Lakeside East-West & Lakeside North can be purchased together or separately
Investment Highlights
- Both are fully occupied by a mix of local and national tenants with historically strong occupancy.
- Convenient infill locations in affluent Mequon, WI.
- Stable cash flows with staggered lease expirations.
- NNN leases require minimal landlord involvement
Lakeside East – West | Lakeside North | ||
Sale Price | $2,925,000 | Sale Price | $2,745,000 |
Value/SF | $156.95 | Value/SF | $151.43 |
Cap Rate | 9.73% | Cap Rate | 8.12% |
Leveraged Return | 16.05% | Leveraged Return | 10.96% |
Contact Information
Patrick Gallagher, CCIM Executive Vice President +1 (414) 274-1688 p.gallagher@cbre.com |
Eric Rapp Investment & Institutional Properties +1 (414) 274-1611 eric.rapp@cbre.com |
Peter Langhoff, CCIM First Vice President + 1 (414) 274-1600 peter.langhoff@cbre.com |
Max Schultz Associate +1 (414) 274-1673 Max.Schultz@cbre.com |
Ben Walker Analyst +1 (414) 274-1689 ben.walker@cbre.com |
Cody Marx Client Services Specialist +1 (414) 274-1636 Cody.Marx@cbre.com |
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