SAM-Progressive LLC Purchases Mixed-Use Property In Milwaukee For $1.7M
3442 South 103rd Street
$1,700,000
$77/SF
Building Size
21,848 SF
Asset Type
Mixed-use
Closing
Mar 21, 2024
About this deal
AI
A 21,848-square-foot flex industrial facility located at 3442 South 103rd Street in Greenfield, Milwaukee, WI, was recently sold for $1.7 million. The transaction was facilitated by Derek Yentz of Founders 3 Real Estate Services, representing the seller, Progressive Casualty Insurance Co., and the buyer, SAM-Progressive LLC.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $1,700,000
- Market: Milwaukee, WI
- Buyer: SAM-Progressive LLC
- Seller: Progressive Casualty Insurance Co
- Broker: Derek Yentz - Founders 3 Real Estate Services
- SF: 21,848
- Price per SF: $78
Founders 3 Real Estate Services played a crucial role in the successful completion of the deal, orchestrating the sale between Progressive Casualty Insurance Co. and SAM-Progressive LLC. Derek Yentz, the broker from Founders 3, demonstrated expertise in representing the interests of the parties involved, ensuring a smooth transaction process.
Milwaukee Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
9.33%
Cash-on-Cash
-2.67%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93