401-415 E Silver Spring Dr | Whitefish Bay, WI 53217
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401-415 E Silver Spring Dr
Whitefish Bay, WI 53217
Office Property For Sale
Investment Highlights
- Property can be purchased alone or as a portfolio.
- Located near retail shops and offices.
- Retail-office property located in mature (fully developed) high-demand submarket with coveted demographics
Executive Summary
A rare opportunity to own all or a portion of an exceptional Whitefish Bay commercial building portfolio on in-demand east Silver Spring Drive is now possible. The Berkley Building is an iconic mid-century modern two-story, mixed-use office/retail building in the heart of “the Bay” offering outstanding tenants and short-lived vacancies. Situated at the heart of the Bay shopping district, foot traffic, visibility and out-the-door lifestyle amenities can’t be beat for dining, entertainment, shopping, medical, wellness and fitness. The building’s long-time 1st floor retailers of active lifestyle gearstore Yellow Wood, Burn Boot Camp, Indulge Studios (salon), and Herslof Opticians.
PROPERTY FACTS
Sale Type
Investment
Property Type
Building Size
24,246 SF
Building Class
C
Year Built
1961
Price
$4,400,000
Price Per SF
$181
Cap Rate
4.61%
NOI
$202,840
Percent Leased
82%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
12,123 SF
Building FAR
1.55
Lot Size
0.36 AC
Zoning
Business - Business District
Amenities
- Signage
PROPERTY TAXES
| Parcel Number | 198-0259-000 | Improvements Assessment | $1,743,500 |
| Land Assessment | $793,800 | Total Assessment | $2,537,300 |
PROPERTY TAXES
Parcel Number
198-0259-000
Land Assessment
$793,800
Improvements Assessment
$1,743,500
Total Assessment
$2,537,300
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