Listed by Transwestern Milwaukee
$3,400,000
111-133 East Silver Spring Drive
Details
APN 19700400003
Property Type Retail, Office
Sub Type Executive Office
Square Footage 27,880
Cap Rate 5.43%
Occupancy 100%
Price per SqFt $169
Year Built 1952
Stories 2
Acreage 0.457
Zoning G2-Commercial
Parking Spaces 18 spaces
Parking Per SqFt 0.65
Retail | 5.43% CAP | 27,880 SqFt
Marketing description
A rare opportunity to own an exceptional Whitefish Bay commercial building portfolio on in-demand east Silver Spring Drive is now possible. Well known neighborhood retail building in the heart of “the Bay” offering outstanding existing tenants and quick relet when a rare vacancy occurs. As part of the ever-popular “Bay” shopping district, foot traffic, visibility and out-the-door lifestyle amenities can’t be beat for dining, entertainment, shopping, medical, wellness and fitness or any other type of business. Opportunity to enhance value at renewals or consider redevelopment options longer-term.
Investment highlights
- Neighborhood retail/office property located in mature high-demand submarket With coveted demographics. Value-add opportunity.
- Cap rate – in place ebitda 5.43% per 2023 operating results
- Overall occupancy rate 90.2%
- Office occupancy rate 77.2%
- Retail occupancy rate 100.0%
- 18 single and tandem on-site surface parking spaces behind building
Listing Contacts
Listed by Transwestern Milwaukee
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