Updated Dec 4, 2024
Luther Group LLC Acquires Menomonee Falls Industrial Building For $4.7M
$4,700,000
$75/SF
Building Size
62,000 SF
Asset Type
Industrial
Closing
Jan 11, 2024
About this deal
AI
An industrial building located at W165 N5731 Ridgewood Drive in Menomonee Falls, WI has been sold for $4.7 million. The property spans 62,000 square feet, resulting in a price per square foot of $76. The transaction took place between seller Rob Gerbitz, representing Hendricks Commercial Properties, and buyer Luther Group LLC.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $4,700,000
- Square Footage: 62,000
- Address: W165 N5731 Ridgewood Drive
- Market: Menomonee Falls, WI
Representing Luther Group LLC in the deal was Jim Larkin from Colliers International. Jim Larkin acted as the broker for the buyer. This transaction marks the successful acquisition of the industrial property by Luther Group LLC from Hendricks Commercial Properties.
Players
Market 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
3.38%
Cash-on-Cash
-0.96%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93