Updated Jun 23, 2026
SOLDMultiFamily
Klein Development Acquires 100 East Office Tower In Milwaukee For $28.75M
100 East Wisconsin Avenue
$28,750,000
Building Size
—
Asset Type
MultiFamily
Closing
Aug 31, 2023
About this deal
AI
The 100 East office tower in downtown Milwaukee, located at 100 East Wisconsin Avenue, has been sold for $28.75 million. The property is set to undergo a transformation into approximately 350 Class A apartments.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $28,750,000
- Market: Milwaukee, WI
Klein Development, led by Joseph Klein, is the buyer in this transaction. They have acquired the 100 East office tower, aiming to convert it into high-quality residential units. This redevelopment project will contribute to the growth of downtown Milwaukee's housing market.
Players
Milwaukee MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.55%
Cash-on-Cash
-0.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93