N91W17174 Appleton Ave
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N91W17174 Appleton Ave
9,508 SF 100% Leased Industrial Building Menomonee Falls, WI 53051 $850,000 ($89/SF) 10.89% Cap Rate
Investment Highlights
- Fully leased
- Long-term tenants
- Frontage on State Hwy
- New roof
Executive Summary
Investment Opportunity in Menomonee Falls. Large Flex Building with 3 long-term tenants, about 1 mile from I-41. Anchor tenant (CRM) has two (2) extension options of fve (5) years each, and 3% annual rent increases. Edward Jones has 2.5% annual increases and a lease that runs through 2027. There is an opportunity to add value by running water to the truck bays and increasing the current rent.
Financial Summary (Pro forma - 2021) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$104,830
|
$11.03
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$104,830
|
$11.03
|
| Taxes |
$7,531
|
$0.79
|
| Operating Expenses |
$5,693
|
$0.60
|
| Total Expenses |
$13,224
|
$1.39
|
| Net Operating Income |
$91,606
|
$9.63
|
Financial Summary (Pro forma - 2021)
| Gross Rental Income | |
|---|---|
| Annual | $104,830 |
| Annual Per SF | $11.03 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $104,830 |
| Annual Per SF | $11.03 |
| Taxes | |
|---|---|
| Annual | $7,531 |
| Annual Per SF | $0.79 |
| Operating Expenses | |
|---|---|
| Annual | $5,693 |
| Annual Per SF | $0.60 |
| Total Expenses | |
|---|---|
| Annual | $13,224 |
| Annual Per SF | $1.39 |
| Net Operating Income | |
|---|---|
| Annual | $91,606 |
| Annual Per SF | $9.63 |
Property Facts
Amenities
- Fenced Lot
- Security System
- Signage
- Air Conditioning
Utilities
- Water - City
- Sewer - City
MAJOR TENANTS
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease Type
- Lease End
- Certified Refrigeration & Mechanical, Inc
- Services
- 6,599 SF
- $11.50
- Triple Net
- Dec 2025
| Tenant | Industry | SF OCCUPIED | RENT/SF | Lease Type | Lease End | |
| Certified Refrigeration & Mechanical, Inc | Services | 6,599 SF | $11.50 | Triple Net | Dec 2025 |
Space Availability
- Space
- Size
- Space Use
- Condition
- Available
3 truck bays, each with 14' x 10' drive-in door and 20' ceiling height. 2 bays have mezzanine. Bays could be combined if necessary. Large secure parking lot available for use.
| Space | Size | Space Use | Condition | Available |
| 1st Floor | 575-2,100 SF | Industrial | - | 60 Days |
1st Floor
| Size |
| 575-2,100 SF |
| Space Use |
| Industrial |
| Condition |
| - |
| Available |
| 60 Days |
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1st Floor
| Size | 575-2,100 SF |
| Space Use | Industrial |
| Condition | - |
| Available | 60 Days |
3 truck bays, each with 14' x 10' drive-in door and 20' ceiling height. 2 bays have mezzanine. Bays could be combined if necessary. Large secure parking lot available for use.
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Walk Score ®
Very Walkable (75)
PROPERTY TAXES
| Parcel Number | MNFV-0011-994 | Total Assessment | $670,400 (2023) |
| Land Assessment | $339,500 (2023) | Annual Taxes | $7,531 ($0.79/SF) |
| Improvements Assessment | $330,900 (2023) | Tax Year | 2021 |
PROPERTY TAXES
Parcel Number
MNFV-0011-994
Land Assessment
$339,500 (2023)
Improvements Assessment
$330,900 (2023)
Total Assessment
$670,400 (2023)
Annual Taxes
$7,531 ($0.79/SF)
Tax Year
2021
zoning
| Zoning Code | C-1 ("Neighborhood Business") |
| C-1 ("Neighborhood Business") |
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N91W17174 Appleton Ave
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