Chris Burbach Of Fundamental Income Purchases Paper Machinery Corp Headquarters In Milwaukee For $11.35M

The property asset involved in the transaction is an industrial facility located at 8900 West Bradley Road, Milwaukee, WI. The property has a total square footage of 120,000 and was sold for a transaction amount of $11,350,000, resulting in a price per square foot of $95.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $11,350,000
• Address: 8900 West Bradley Road
• Market: Milwaukee, WI
• Square Footage: 120,000
• Price Per Square Foot: $95
• Buyer: Chris Burbach - Fundamental Income
• Seller: Paper Machinery Corp

The deal was structured as a sale-leaseback, involving Paper Machinery Corp., which divested its Milwaukee headquarters to Fundamental Income Properties while retaining occupancy rights through a lease agreement. This arrangement allows the seller to continue utilizing the property for its operations post-sale.