255 Fiserv Drive
Office | 186,705 SqFt
Marketing description
CBRE, Inc., as exclusive advisor to owner, is pleased to present an exceptional opportunity to acquire the fee simple interest in the Fortune 500 Corporate Headquarters complex at 255 Fiserv Drive in Brookfield, Wisconsin (the ”Offering” or the “Property”). Originally constructed in 1992 as a single three-story building with a second interconnected two-story building constructed in 1998, this suburban Milwaukee complex comprises over 186,000 SF of office space with a dedicated data center and onsite amenities including a cafeteria and fitness center. There are approximately 635 parking spaces on the 17.6-acre site, which is accessible directly from Bluemound Road to the north or from the Brookfield Lakes Corporate Center to the east.
The Bluemound Road corridor is one of the busiest commercial corridors in the state of Wisconsin, featuring an abundance of office parks and national retailers along a three-mile stretch from The Corners of Brookfield (~1.5 miles to the west of the Property) to Brookfield Square (~1.7 miles to the east), both of which have drawn significant investment in recent years. A third major mixed-use development site along Bluemound Road – the 66-acre The Corridor of Brookfield (~0.5 mile to the east) – solidifies this location as one of the most sought-after commercial destinations in the entire metro area, with over 1.3 million residents within a 30-minute drive.
Current ownership has elected to relocate their corporate headquarters to downtown Milwaukee in the first half of 2024, providing a tremendous acquisition opportunity for either an owner/user to occupy all or a portion of the Property or a speculative investor to consider multi-tenanting options. Excess land along the southern end of the parcel may also have potential to be developed to alternative uses including multifamily or senior housing.
Investment highlights
HIGH-QUALITY, FORTUNE 500 CORPORATE HEADQUARTERS COMPLEX
Features two interconnected office buildings totaling over 186,000 SF, surrounded by greenery and lush landscaping on a 17.6-acre lot
Ideal for owner/user with variable occupancy scenarios depending on space needs
Functional rectangular floorplates with appealing views from conference rooms, a dedicated data center and amenities including a cafeteria, outdoor patio, training center, conference center and fitness center with locker rooms
COMPELLING SPECULATIVE INVESTMENT/DEVELOPMENT OPPORTUNITY
Two-building layout provides flexibility for re-tenanting with either one or two tenants
Potential to multi-tenant one or both buildings by demising common areas, additional amenities and suite sizes that suit current office trends
Excess undeveloped land on the south end of the parcel may be suitable for development to alternative use including multifamily/senior housing
CENTRAL MSA LOCATION IN BURGEONING WAUKESHA COUNTY
Direct access to both Bluemound Road, one of the busiest commercial corridors in the state with traffic count of 35,000 vehicles per day (VPD), and Brookfield Lakes Corporate Center
Abundant hotel accommodations in close proximity to the Property – five hotels located within a one-mile drive
Excellent connectivity to I-94 – nearby interchanges at Moorland Road and Goerke’s Corners – with convenient access to the Zoo Interchange (9 minutes), downtown Milwaukee (17 minutes) and MKE - Mitchell Airport (23 minutes)
Major new developments and redevelopments occurring within the community at Brookfield Square Mall, The Corridor and The Corners
STRONG DEMOGRAPHIC PROFILE IN IMMEDIATE AREA AND WITHIN COMMUTING DISTANCE
Over 1.3 million people live within a 30-minute drive of the Property, of which more than 700,000 are in the labor force
Average household income of $125,000 within 5-mile radius, with over 53% of the population 25 and older holding a bachelor’s degree or better
Additional residential developments are in the works to meet demand for new housing along Bluemound Road, including the $120 million Poplar Creek Town Center (435 units); The Flats at Bishops Woods (203 units); and the recently delivered The Ruby at Brookfield Square (231 units)
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