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26694612
26694611

615 E Michigan St., Milwaukee, WI 53202

DD
CA CA 01988967, CA MI 6502332979
Marcus & Millichap - Los Angeles
Listed by Marcus & Millichap - Los Angeles
$12,500,000
283 days on market
Updated 101 days ago

U.S. Bank Single-Tenant Office

Details
Property Type Office
Sub Type Traditional Office
Square Footage 110,636
Units 1
Cap Rate 8.00%
Occupancy 100%
Tenancy Single
Lease Type NN
Rent Bumps Yes
Class B
Year Built 1963
Year Renovated 2017
Buildings 1
Stories 4
Investment Type Core+
Tenant Credit Credit Rated

Office | 8.00% CAP | 110,636 SqFt

Investment highlights

Institutional-Grade Credit

Leased to U.S. Bank N.A. (S&P A+ credit rating), providing exceptional income security and minimal default risk.

• Long-term Lease with Escalations

Recently recommitted to a 7-year Lease with 2% annual rent increases, supporting long-term value growth and inflation protection.

• Key U.S. Bank Hub Location

This office location near other critical U.S. Bank offices are connected with a Skywalk making a long-term commitment to this facility very likely.

• Value-Add Opportunity

This Investment Property offers an appealing future rent increase upside based on current asking rents in this market. This U.S. Bank Office Property is located in one of the most prestigious Milwaukee Submarkets of Downtown East.

• Attractive to Passive Investors

This modified gross lease with partial expense recovery delivers consistent income with low operational oversight.

• Revitalized Downtown Area

This property is located in close proximity to The Couture, a 44-story high-rise apartment building completed in 2024. The Couture is the most luxurious apartment tower in Milwaukee’s CBD, featuring 322 apartments, 50,000 SF of restaurant and retail spaces.

• Vibrant Young College-Educated Workforce

Counter to several other CBD market areas across the country, Milwaukee’s Downtown area has grown and has attracted a young and dynamic workforce in recent years.

Listing Contacts

DD
CA CA 01988967, CA MI 6502332979
Marcus & Millichap - Los Angeles
Listed by Marcus & Millichap - Los Angeles

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Additional Information

Name
Todd Lindblom
License
WI 56163
Title
Broker of Record
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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