N19 W24101 Riverwood Dr, Waukesha, WI 53188
OFFICE For SaleYear Built: 2007
Floors: 1
Class: B
| Space | Size | Type | Pricing |
|---|---|---|---|
| Office Building For Sale | SALE | $5,000,000.00 |
Rachel Schmidt - Newmark - Milwaukee WI
PHONE: 4143479400
Tim Janusz - Newmark - Milwaukee WI
PHONE: 4143479400
Newmark is pleased to bring this exclusive listing to market. This offering is a multi-tenant class A office property located within the Riverwood Corporate Center totaling 28,606 square feet on approximately 3.29 acres in Pewaukee, Wisconsin. The asset provides diversified cash flow from multiple suites and positions an investor to acquire stabilized income in a mature suburban submarket within the Milwaukee metropolitan area. Investment Highlights: • Stabilized income profile with an implied cap rate of approximately 9.18% at the asking price. • Located at the entrance to one of Suburban Milwaukee’s best corporate parks. • Highly desirable single story office construction with separate direct entrance to tenant suites. • Directly off I-94 with surrounding Class A office and medical use. Opportunity Summary: At a purchase price of $5,000,000 and an NOI of $458,994.35 the asset offers immediate income with a basis of approximately $175 per square foot. This makes the asset a fit for investors prioritizing predictable yield and balanced risk at the small-to-mid cap end of the medical/retail spectrum.