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
- 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|
|Cap Rate||9.73%||Cap Rate||8.12%|
|Leveraged Return||16.05%||Leveraged Return||10.96%|
|Patrick Gallagher, CCIM
Executive Vice President
+1 (414) 274-1688
Investment & Institutional Properties
+1 (414) 274-1611
|Peter Langhoff, CCIM
First Vice President
+ 1 (414) 274-1600
+1 (414) 274-1673
+1 (414) 274-1689
Client Services Specialist
+1 (414) 274-1636
The full content of this article is only available to paid subscribers. If you are an active subscriber, please log in. To subscribe, please click here: SUBSCRIBE