Located in Brown Deer, WI, this 204,000 SF fully-leased warehouse facility presents a unique investment opportunity in the heart of the Milwaukee County industrial market. This property offers a compelling blend of stability, growth potential, and strategic location.
Key Investment Highlights: Prime Location: Situated in Milwaukee County, with convenient access to major highways and the Milwaukee metropolitan area.
Fully Leased: Occupied by two strong tenants - Engine & Transmission Exchange (146,190 SF) and Rockwell Automation, Inc. (41,752 SF). Quality Tenants: ETE is a private equity-backed leading independent remanufacturer of aftermarket vehicle transmissions, and Rockwell Automation is a public company providing industrial automation and digital transformation solutions worldwide.
Value-Add Potential: The location has been championed by the city for redevelopment, with 3 acres on the north side considered for potential residential and mixed-use development.
Strategic Acquisition: Priced at $8,450,000, representing an attractive 8.5% capitalization rate.
Conservative Leverage: 75% LTV financing at 6.60% interest rate, balancing returns with risk management.
Property Details: Total Area: 203,000 SF single-story facility Land: 14 acres
Construction: Masonry concrete block and metal building
Location: Convenient access to transportation routes Infrastructure: Modern utilities and strategic access points
Market Outlook: The Milwaukee industrial market experienced 341,552 square feet of positive absorption in Q2 2024. Overall asking rental rates recorded a 2.3% increase YOY to $5.38 triple net (NNN) per square foot. The market shows strong tenant demand with 1.1 million square feet of total leasing activity.
Financial Projections: Anticipated cash yield: 8.5% Projected gross IRR: 17.42% (shown as 17%) Deal Structure: Equity investment opportunity of $2,274,531 This investment opportunity is open to accredited investors only. It offers a chance to invest in a stable, income-producing industrial property with potential for long-term appreciation and redevelopment opportunities in a strong market location.
For more detailed financial information, risk factors, and to verify your accredited investor status, please contact our investor relations team.
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