5407 & 5501 West Mill Road, Milwaukee, WI 53218 For Sale

Brait Capital is pleased to present the opportunity to acquire a great industrial investment opportunity, a 99%+ occupied, ±41,224 square-foot multi-tenant industrial property located at 5407 & 5501 West Mill Road in Milwaukee, Wisconsin.

The subject property is situated on 2.48 acres of land and features a clear height of 14'–16', four dock-high doors, three drive-in doors, three-phase heavy power with 600 amps, and 40 parking spaces. With frontage on Mill Road, the asset benefits from proximity to Wisconsin Highway 145 and Interstate 43, providing direct access to Downtown Milwaukee.

The property is anchored by Bell Ambulance, Wisconsin's largest private ambulance company with over 700 employees. Bell Ambulance occupies more than 27% of the property under a long-term NNN lease expiring August 2033, providing exceptional income stability. Bell Ambulance has been a certified Milwaukee EMS participant since 1978 and answers more than 120,000 calls for service annually.

The property generated $264,791 in NOI in 2025 on actual operations, representing an 8.54% cap rate on the offering price of $3,100,000. NNN lease structure transfers most operating costs to tenants, creating low-landlord-management requirements.

The subject property is positioned within the Milwaukee Northwest submarket, which recorded 7.8% annual rent growth in 2024 — nearly 3x the national average of 2.8% — with no new industrial supply under construction.