Listed by Anderson Commercial Group
$7,000,000
Edgewood Plaza
Details
Property Type Office
Sub Type Medical Office
Square Footage 56,769
Units 36
Cap Rate 9.40%
NOI $656,065
Occupancy 90%
Tenancy Multi
Brand/Tenant Associated Bank
Lease Type Gross
Class B
Year Built 1981
Stories 4
Acreage 2.590
Parking Spaces 173 spaces
Parking per 1,000 SqFt 3.05
Investment Type Stabilized
4811 S 76th St, Greenfield, WI 53220
Marketing description
Edgewood Plaza is a prime landmark office building located at 4811 S 76th St in Greenfield, WI, offering a compelling investment opportunity with 90% occupancy and 36 tenant suites. The property features a diverse tenant mix including medical, legal, engineering, and financial professionals, anchored by Associated Bank since 1981. Structured with Full-service Gross leases, the building provides additional revenue from 3 cell tower leases and 6 storage units. Conveniently situated less than 1 mile from I-43 via 76th St, the property is centrally located near major retail destinations including Southridge Mall and 84South.
Investment highlights
- Prime landmark building Investment Opportunity
- High tenant demand with 90% currently leased
- 36 tenant suites
- Long-term anchor tenant—Associated Bank since 1981, including drive through banking lanes and ATM
- Structured with Full-service Gross leases
- Base-year pass-throughs for taxes and expenses on 60% of leases
- Additional revenue from 3 cell tower leases and 6 storage units
- Shared tenant amenities including a conference room and break room
- Diverse tenant mix—medical, legal, engineering and financial professionals
- Ample on-site parking to accommodate both tenants and visitors
- Centrally located near retail stores and restaurants, including Southridge Mall and 84South
- Convenient access to I-894/I-43 and local transportation lines
Listing Contacts
Listed by Anderson Commercial Group
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Loan Amount
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Annual Debt Service
$--
$--
Annual Cash Flow
$656,065.00
$54,672.08/mo
Valuation Metrics
0
DSCR
9.37%
Cap Rate
9.37%
ROI
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