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31506957
31506958

N19W24101 Riverwood Dr, Waukesha, WI 53188

Newmark - Milwaukee
TJ
WI 70967
Newmark - Milwaukee
Listed by Newmark - Milwaukee
$5,000,000
214 days on market
Updated 61 days ago

Riverwood Corporate Center

Details
APN PWC 0949998017
Property Type Retail, Office
Sub Type Medical Office, Commercial
Square Footage 28,600
Units 3
Cap Rate 9.18%
NOI $458,994
Occupancy 100%
Tenancy Multi
Class A
Year Built 2007
Acreage 3.290
Zoning B-4
Parking Spaces 100 spaces
Parking Per SqFt 3.50

Retail | 9.18% CAP | 28,600 SqFt

Marketing description

Newmark is pleased to bring this exclusive listing to market. This offering is a multi-tenant class A office property located within the Riverwood Corporate Center totaling 28,606 square feet on approximately 3.29 acres in Pewaukee, Wisconsin. The asset provides diversified cash flow from multiple suites and positions an investor to acquire stabilized income in a mature suburban submarket within the Milwaukee metropolitan area.

At a purchase price of $5,000,000 and an NOI of $458,994.35 the asset offers immediate income with a basis of approximately $175 per square foot. This makes the asset a fit for investors prioritizing predictable yield and balanced risk at the small-to-mid cap end of the medical/retail spectrum

Presenting a prime investment opportunity in Waukesha, WI, this impressive property offers a 28,600 SF building with 3 units, meticulously maintained since its construction in 2007. Zoned B-4 for Office/Commercial use, this modern office space boasts a flexible floor plan, high visibility, ample parking, and monument signage. The professional setting and prime location make it an ideal choice for office building investors seeking a solid addition to their portfolio. Stay tuned for the comprehensive OM/Sale brochure for a detailed overview of this exceptional opportunity.




Investment highlights

  • Stabilized income profile with an implied cap rate of approximately 9.18% at the asking price.
  • Located at the entrance to one of Suburban Milwaukee’s best corporate parks.
  • Highly desirable single story office construction with separate direct entrance to tenant suites.
  • Directly off I-94 with surrounding Class A office and medical use

Listing Contacts

Newmark - Milwaukee
TJ
WI 70967
Newmark - Milwaukee
Listed by Newmark - Milwaukee

Valuation Calculator

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$458,994.35
$38,249.53/mo

Valuation Metrics

0
DSCR
9.18%
Cap Rate
9.18%
ROI

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