620 Elizabeth Ct
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620 Elizabeth Ct
25,662 SF Retail Building Brookfield, WI 53045 $4,200,000 ($164/SF) 7.25% Cap Rate
Investment Highlights
- Fully Leased Investment
- Centrally located in SE Wisconsin's Strongest Retail Corridor
- Many Recent Improvements to Structure
Executive Summary
Recently renovated retail/ commercial/ flex building immediately north of Bluemound Rd., in Brookfield, WI.
Seconds to the Goerke's Corners/ Interstate - 94 freeway interchange.
Building offers a fantastic location and a very flexible layout capable of accommodating a variety of business uses.
Building is leased by Authentic Sports Specialty, Inc., dba Stefan's Soccer through 2029. Tenant has 1 - 5 year renewal option and rent increases annually at 3%.
Building is presently used for office, retail and production operations.
Improvements include a new roof, new HVAC and a complete interior renovation/ rebuild.
Seconds to the Goerke's Corners/ Interstate - 94 freeway interchange.
Building offers a fantastic location and a very flexible layout capable of accommodating a variety of business uses.
Building is leased by Authentic Sports Specialty, Inc., dba Stefan's Soccer through 2029. Tenant has 1 - 5 year renewal option and rent increases annually at 3%.
Building is presently used for office, retail and production operations.
Improvements include a new roof, new HVAC and a complete interior renovation/ rebuild.
Financial Summary (Actual - 2023) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2023) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
25,662 SF
Building Class
C
Year Built/Renovated
1995/2019
Price
$4,200,000
Price Per SF
$164
Cap Rate
7.25%
NOI
$304,500
Tenancy
Single
Building Height
2 Stories
Building FAR
0.20
Lot Size
3.02 AC
Zoning
B-2
Parking
143 Spaces (5.57 Spaces per 1,000 SF Leased)
Amenities
- Pylon Sign
- Signage
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | BKFT-1123-992-002 | Improvements Assessment | $1,366,200 |
| Land Assessment | $1,312,000 | Total Assessment | $2,678,200 |
PROPERTY TAXES
Parcel Number
BKFT-1123-992-002
Land Assessment
$1,312,000
Improvements Assessment
$1,366,200
Total Assessment
$2,678,200
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620 Elizabeth Ct
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