www.crexi.com - The Commercial Real Estate Exchange
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
28665218
28665631

16620 W Bluemound Rd, Brookfield, WI 53005

HD
WI 89977-94
Cushman & Wakefield | Boerke
DT
WI 77307
Cushman & Wakefield | Boerke
Cushman & Wakefield | Boerke
Listed by Cushman & Wakefield | Boerke
$3,700,000
193 days on market
Updated 30 days ago

100% Occupied Bank Anchored Retail/Office Building

Details
Property Type Office, Retail
Sub Type Bank, Medical Office
Square Footage 19,661
Units 4
Cap Rate 7.04%
NOI $260,389
Occupancy 100%
Tenancy Multi
Lease Type NNN
Price per SqFt $188
Broker Co-Op Yes
Year Built 1988
Acreage 4.310
Investment Type Stabilized
Ground Lease No

Assumable Debt | 100% Occupied Retail/Office | NNN Leases

Marketing description

Bluemound Crossings Unit 2 is a fully stabilized ±19,661 RSF office/retail condo strategically located at a signalized intersection along Brookfield’s Bluemound Road corridor, one of the most active commercial arteries in the metro. The property is 100% leased to a complementary mix of financial, healthcare, title, and professional service tenants - including Spring Bank (anchor tenant), IDEXX Distribution, Ascent Chiropractic, and Prism Title Midwest - and features a remaining WALT of 3.53 years.

Recent capital upgrades, including a full parking lot renovation completed in 2024, reinforce the asset’s strong positioning as a long-term, low-maintenance investment with durable in-place cash flow.

A key advantage of this opportunity is the availability of assumable financing at a below-market 3.75% interest rate, offering investors immediate capital structure benefits and stronger cash-on-cash returns in today’s rate environment.

Unit 2 shares access and parking with the adjacent medical office condo (Unit 1), creating long-term synergy and potential for medical tenancy expansion or repositioning. With limited supply of small-format service space and strong demographic fundamentals in the Brookfield submarket, Bluemound Crossings Unit 2 presents a core-plus investment opportunity with both income stability and strategic upside.

Investment highlights

  • Assumable loan at 3.75% interest rate – immediate financing advantage

  • 100% leased with NNN Leases – stabilized multi-tenant office/retail condo

  • Strong tenant mix – financial, healthcare, title, and professional services

  • Premier signalized corner and location along Bluemound Road – 33,000 VPD & minutes to I-94

Listing Contacts

HD
WI 89977-94
Cushman & Wakefield | Boerke
DT
WI 77307
Cushman & Wakefield | Boerke
Cushman & Wakefield | Boerke
Listed by Cushman & Wakefield | Boerke

Valuation Calculator

Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
$
$
%
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$260,389.00
$21,699.08/mo

Valuation Metrics

0
DSCR
7.04%
Cap Rate
7.04%
ROI

Map

Broker Selected Comps View More Comps

Property History

Intelligence Badge

Tax History

Intelligence Badge

Similar Properties

View All

Additional Information

Name
Heather Dorfler
License
89977-94
Brokerage
Colliers
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
Is there information that looks off?
For assistance, reach out to our support team at [email protected] or call 888.273.0423 . For press inquiries, contact [email protected]
Equal Housing Opportunity
5510 Lincoln Blvd #400, Los Angeles, CA 90094Commercial Real Estate Exchange, Inc.Crexi Technologies, LLCCXTechnology, LLC
© 2026 Commercial Real Estate Exchange, Inc. All Rights Reserved. DRE #02086591