Updated Oct 29, 2024
Laureate Capital LLC Acquires Retail Property In Milwaukee For $22.1M
4100 N 56th St, Milwaukee, WI 53216, USA
$22,100,000
$91/SF
Building Size
241,508 SF
Asset Type
MultiFamily
Closing
May 15, 2023
About this deal
AI
A retail property located at 4100-4190 North 56th Street, 4101-4191 North 56th Street, 5704-5712 West Capitol Drive & 4076 North 60th Street in Milwaukee, WI has been sold in a recent transaction. The property spans a total area of 241,508 square feet. The sale price for the property was $22,100,000, resulting in a price per square foot of $92.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $22,100,000
- Square Footage: 241,508
- Price Per Square Foot: $92
- Address: 4100-4190 North 56th Street, 4101-4191 North 56th Street, 5704-5712 West Capitol Drive & 4076 North 60th Street, Milwaukee, WI
- Market: Milwaukee, WI
The buyer of the property was Laureate Capital LLC. They acquired the property from an affiliate of DLC Management Corp.
On the Map
$22,100,000
$91/SF
MultiFamily
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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
0.72%
Cash-on-Cash
-0.21%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93