5 Building Portfolio Industrial Manufacturing
610,800 SF Industrial | 20MW Grid. Ideal Data Center/Mfg in Milwaukee
Marketing description
2475 W Hampton Ave, Milwaukee WI 53209, PID: 231-9999-100
NOI: $163,000.00
Capital Rates: 8.50%
Lease Rates: $2.00 to $4.00
Building (SF): 40,000
Land Area (SF): 88,862 (2.07 acres)
Number of Parking Spaces: 30
HVAC: Roof Central Mounted
Sprinklers: Yes
Dock Height Loading Doors: 1
Clear Height in Feet: 30 Feet
The subject property is a 1-story industrial manufacturing building built in 1955. The building has a total area of 40,000 SF and was last renovated in 2014. The property is situated on a total lot size of 2.07 acres with 30 surface spaces.
2501-2525 W Hampton Ave, Milwaukee WI 53209, PID: 231-9996-100-4 &206-0190-000-
NOI: $319,437.50
Lease Rates: $2.00 to $4.00
Capital Rates: 8.50%
Building (SF): 95,000
Land Area (SF): 104,152 (2.39 acres)
Number of Parking Spaces: 16
HVAC: Roof Central Mounted
Sprinklers: Yes
Dock Height Loading Doors: 8
Clear Height in Feet: 18 Feet
The subject property is a 1-story industrial manufacturing building built in 1956. The building has a total area of 90,000 SF and was last renovated in 1996. The property is situated on a total lot size of 2.39 acres with 16 surface spaces.
2800 W Custer Ave, Milwaukee WI 53209, PID: 193-9961-100
NOI: $729,331.20
Lease Rates: $2.00 to $4.00
Capital Rates: 8.50%
Building (SF): 202,592
Land Area (SF): 268,330 (6.16 acres)
Number of Parking Spaces: 25
HVAC: Roof Central Mounted
Sprinklers: Yes
Dock Height Loading Doors: 3
Clear Height in Feet: 18-24 Feet
Drive-in Doors: 7
The subject property is a 1−story industrial light manufacturing building built in 1953 and 1955. The building has a total area of 244,592 SF and was last renovated in 2014. The property is situated on a total lot size of 6.16 acres with 25 surface spaces.
5425 N 27th Street, Milwaukee WI 53209, PID: 193-9960-000
NOI: $403,200.00
Lease Rates: $2.00 to $4.00
Capital Rates: 8.50%
Building (SF): 112,000
Land Area (SF): 153,331 (3.55 acres)
Number of Parking Spaces: 32
HVAC: Roof Central Mounted
Sprinkle: Yes
Dock Height Loading Doors:4
Clear Height in Feet: 18-24 Feet
Drive-in Doors: 4
The subject property is a 1−story industrial light manufacturing building built in 1953 and 1955. The building has a total area of 70,00 SF and was last renovated in 2014. The property is situated on a total lot size of 3.55 acres with 32 surface spaces.
4265 N 30th Street, Milwaukee WI 53216, PID: 246-9998-120
NOI: $1,618,620.00
Lease Rates: $2.00 to $4.00
Capital Rates: 8.50%
Building (SF): 610,800
Land Area (SF): 980,961 (22.52 acres)
Number of Parking Spaces: 589
HVAC: Roof Central Mounted
Sprinklers: Yes
Dock Height Loading Doors: 2
Clear Height in Feet: 12-22 Feet
Drive-in Doors: 6
The subject property is a 1−story industrial manufacturing building built in 1953−1956. The building has a total area of 610,800 SF and was last renovated in 2008/2009(12 million renovation). The property is situated on a total lot size of 22−23 acres with a fully fenced parking lot.
Investment highlights
Potential Gross Rent
The Milwaukee MSA ranks 38 in Gross Domestic Product (GDP) out of the nation’s 384 metropolitan statistical areas. Economic growth, as measured by annual changes in GDP, has been somewhat lower in the Milwaukee MSA than Wisconsin overall during the past decade. The Milwaukee MSA has grown at a 0.7% average annual rate while Wisconsin has grown at a 1.2% rate. Consistent with national trends, both areas experienced declines in 2020 followed by a rebound in 2021. However, the Milwaukee MSA has recently performed better than Wisconsin. GDP for the Milwaukee MSA rose by 4.9% in 2021 while Wisconsin's GDP rose by 4.6%.
Milwaukee MSA Area Analysis
The Milwaukee MSA has a per capita GDP of $59,263, which is 14% greater than Wisconsin's GDP of$51,980. This means that Milwaukee MSA industries and employers are adding relatively more value to the economy than their counterparts in Wisconsin.
Income, Education and Age
The Milwaukee MSA has a slightly higher level of household income than Wisconsin. Median household income for the Milwaukee MSA is $72,303, which is 1.3% greater than the corresponding for Wisconsin.
Access and Linkages
Primary highway access to the area is via Interstate 41 & Interstate 43. Public transportation is provided by Milwaukee County Transit System and provides access throughout the Milwaukee metro. Overall, the primary mode of transportation in the area is the automobile.
Land Use
The area is suburban in character and approximately 95% developed.
Conclusion
The Milwaukee MSA economy will be affected by a flat population base and higher income and education levels. The Milwaukee MSA experienced growth in the number of jobs over the past decade, and it is reasonable to assume that employment growth will occur in the future. Moreover, the Milwaukee MSA generates a higher level of GDP per capita than Wisconsin overall. It is anticipated that the Milwaukee MSA economy will improve and employment will grow, strengthening the demand for real estate.
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