1425 Discovery Pky
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1425 Discovery Pky
91,009 SF 4-Star Office Building Wauwatosa, WI 53226 $13,500,000 ($148/SF)
Virtual Tour
Investment Highlights
- 1425 Discovery Parkway is a LEED Gold-certified office building within the UWM Innovation Campus.
- Features an underground / connected heating parking garage (100 stalls) with EV charging stations.
- High visibility from Interstate 43 and freeway signage opportunities.
- On-site tenant amenities include conference and training rooms, a café, fitness center, and a tenant lounge.
- Ideally located near County Grounds Park, a Residence Inn Marriott, the Echelon Apartments, and a short drive to the Medical College of Wisconsin.
Executive Summary
1425 Discovery Parkway is a best-in-class, Class A office building where modern sophistication meets environmental sustainability. The three-story building is LEED Gold-certified, benefiting from highly visible freeway signage opportunities, professional landscaping, and an energy-efficient and eco-friendly environment.
There are ample on-site parking options with 100 underground and heated spaces, 45 covered garage spaces, and 260 surface parking lot spaces. 1425 Discovery Parkway features a full-service café, conference and training rooms, a well-equipped fitness center, an outdoor patio, and an outdoor walking path. Investors and owners/users will benefit from the property's prestigious condition, strategic location, and advanced sustainability practices.
1425 Discovery Parkway is located directly off Interstate 41 within the UWM Innovation Campus, with convenient access to the city, only 10 miles from Downtown Milwaukee, and is surrounded by the natural beauty of County Grounds Park. Neighboring points of interest include the Medical College of Wisconsin, the Children's Hospital of Wisconsin, Froedtert Hospital, a Residence Inn Marriott, and the Echelon Apartments. 1425 Discovery Parkway is primed to offer an ideal office investment opportunity.
There are ample on-site parking options with 100 underground and heated spaces, 45 covered garage spaces, and 260 surface parking lot spaces. 1425 Discovery Parkway features a full-service café, conference and training rooms, a well-equipped fitness center, an outdoor patio, and an outdoor walking path. Investors and owners/users will benefit from the property's prestigious condition, strategic location, and advanced sustainability practices.
1425 Discovery Parkway is located directly off Interstate 41 within the UWM Innovation Campus, with convenient access to the city, only 10 miles from Downtown Milwaukee, and is surrounded by the natural beauty of County Grounds Park. Neighboring points of interest include the Medical College of Wisconsin, the Children's Hospital of Wisconsin, Froedtert Hospital, a Residence Inn Marriott, and the Echelon Apartments. 1425 Discovery Parkway is primed to offer an ideal office investment opportunity.
Sale Flyer
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Building Size
91,009 SF
Building Class
A
LoopNet Rating
4 Star
Year Built
2014
Price
$13,500,000
Price Per SF
$148
Tenancy
Single
Building Height
3 Stories
Typical Floor Size
31,666 SF
Building FAR
0.98
Lot Size
2.13 AC
Zoning
G-2
Parking
405 Spaces (4.21 Spaces per 1,000 SF Leased)
Amenities
- Conferencing Facility
- Fitness Center
- Food Court
- Signage
- Car Charging Station
- Natural Light
- Outdoor Seating
- Smoke Detector
Space Availability
- Space
- Size
- Space Use
- Condition
- Available
| Space | Size | Space Use | Condition | Available |
| 1st Fl-Ste 101 | 18,509 SF | Office | Full Build-Out | 60 Days |
| 1st Fl-Ste 102 | 7,417 SF | Office | Full Build-Out | 60 Days |
| 2nd Fl-Ste 201 | 19,572 SF | Office | Full Build-Out | 60 Days |
| 2nd Fl-Ste 202 | 13,077 SF | Office | Full Build-Out | 60 Days |
| 3rd Fl-Ste 301 | 13,291 SF | Office | Full Build-Out | 60 Days |
| 3rd Fl-Ste 302 | 17,895 SF | Office | Full Build-Out | 60 Days |
1st Fl-Ste 101
| Size |
| 18,509 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| 60 Days |
1st Fl-Ste 102
| Size |
| 7,417 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| 60 Days |
2nd Fl-Ste 201
| Size |
| 19,572 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| 60 Days |
2nd Fl-Ste 202
| Size |
| 13,077 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| 60 Days |
3rd Fl-Ste 301
| Size |
| 13,291 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| 60 Days |
3rd Fl-Ste 302
| Size |
| 17,895 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| 60 Days |
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1st Fl-Ste 101
| Size | 18,509 SF |
| Space Use | Office |
| Condition | Full Build-Out |
| Available | 60 Days |
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1st Fl-Ste 102
| Size | 7,417 SF |
| Space Use | Office |
| Condition | Full Build-Out |
| Available | 60 Days |
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2nd Fl-Ste 201
| Size | 19,572 SF |
| Space Use | Office |
| Condition | Full Build-Out |
| Available | 60 Days |
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2nd Fl-Ste 202
| Size | 13,077 SF |
| Space Use | Office |
| Condition | Full Build-Out |
| Available | 60 Days |
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3rd Fl-Ste 301
| Size | 13,291 SF |
| Space Use | Office |
| Condition | Full Build-Out |
| Available | 60 Days |
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3rd Fl-Ste 302
| Size | 17,895 SF |
| Space Use | Office |
| Condition | Full Build-Out |
| Available | 60 Days |
DEMOGRAPHICS
Demographics
1 Mile
3 Mile
5 Mile
2020 Population
6,171
117,793
357,376
2024 Population
6,269
114,335
356,365
Population Growth '20-'24
1.6%
-2.9%
-0.3%
2020 Households
2,966
52,620
149,830
2024 Households
3,068
51,175
149,365
Household Growth '20-'24
3.4%
-2.8%
-0.3%
Average Age
40
40
38
Median Household Income
$77,899
$76,665
$59,313
Daytime Employees
29,271
89,298
185,631
Total Businesses
5,461
12,416
22,914
College Degree + Higher
61%
46%
31%
Nearby Amenities
Hotels |
|
|---|---|
| Residence Inn |
127 rooms
2 min drive
|
| SpringHill Suites |
119 rooms
4 min drive
|
| Sonesta Hotel |
198 rooms
5 min drive
|
PROPERTY TAXES
| Parcel Number | 373-9999-107 | Improvements Assessment | $18,236,800 |
| Land Assessment | $1,113,200 | Total Assessment | $19,350,000 |
PROPERTY TAXES
Parcel Number
373-9999-107
Land Assessment
$1,113,200
Improvements Assessment
$18,236,800
Total Assessment
$19,350,000
Sale Advisors
Sale Advisors
Daniel Jessup, Managing Director
(414) 944-2101
Contact
Dan Jessup is an Executive Vice President of JLL's Wisconsin office.
He is responsible for office brokerage operations including landlord and tenant representation; investment/occupier sales; and day-to-day management and personnel development. Dan actively manages client relations and new business development efforts in the state of Wisconsin.
With more than 28 years of experience in commercial real estate, Dan has listed for lease or sale over 25 million square feet of office space and has completed transactions totaling more than $1 billion and 15 million square feet.
Prior to joining JLL in 2012, Dan was president of Grubb & Ellis | Apex Commercial, Inc. since 2002.
Specialties
He is responsible for office brokerage operations including landlord and tenant representation; investment/occupier sales; and day-to-day management and personnel development. Dan actively manages client relations and new business development efforts in the state of Wisconsin.
With more than 28 years of experience in commercial real estate, Dan has listed for lease or sale over 25 million square feet of office space and has completed transactions totaling more than $1 billion and 15 million square feet.
Prior to joining JLL in 2012, Dan was president of Grubb & Ellis | Apex Commercial, Inc. since 2002.
Specialties
- Landlord representation
- Tenant representation
- Seller representation for owner/occupant facilities
Investment property sales - acquisition and disposition
Nicholas Hepner, Vice President
(608) 444-1675
Contact
Nick Hepner is a Vice President within JLL’s Wisconsin Office. As a primary member of the advisory services team, he focuses on all facets of landlord, tenant, seller and buyer representation. Nick actively manages client relationships and new business development efforts throughout Wisconsin and on a national scale. He strategically works with JLL’s specialty groups within the office, medical, and industrial sectors to collaborate & determine best practices for landlords, occupiers, and investors.
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1425 Discovery Pky
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