Updated Dec 29, 2025
Luther Group Acquires Industrial Asset From Five Leaf LLC In New Berlin For $15.3M
16555 West Stratton Drive
$15,300,000
$89/SF
Building Size
171,506 SF
Asset Type
Industrial
Closing
Dec 18, 2025
About this deal
AI
An industrial property located at 16555 West Stratton Drive in New Berlin, WI, was sold for $15,300,000. The asset spans a total of 171,506 square feet, translating to a price per square foot of approximately $89.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $15,300,000
- Buyer: Luther Group
- Seller: Five Leaf LLC
- Date of Sale: 12/18/2025
- Market: New Berlin, WI
- Square Footage: 171,506
- Price Per Square Foot: $89
Luther Group LLC acquired the industrial property from Five Leaf LLC. This transaction reflects Luther Group's continued expansion of its substantial industrial portfolio in Milwaukee, with future plans for additional acquisitions supported by raised funds.
On the Map
$15,300,000
$89/SF
Industrial
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Players
New Berlin Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.04%
Cash-on-Cash
-0.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93