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Luther Group LLC Acquires Menomonee Falls Industrial Building For $4.7M
SOLD
$4,700,000
Wisconsin
See Similar DealsIndustrial62,000 SF
Sold 01/11/2024
SOLD
Luther Group LLC Acquires Menomonee Falls Industrial Building For $4.7M
Industrial62,000 SF
Sold 01/11/2024
Summary
Asset Type:Industrial
Price Per Square Foot:$75
Total Square Footage:62,000 SF
Transaction Type:Sale
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
BUYER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$250,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$16,698.10
Cash-on-Cash Return-1.27%
Monthly Debt Service$22,280.40
Annual Debt Service$267,364.77
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