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Laureate Capital LLC Acquires Retail Property In Milwaukee For $22.1M
SOLD
$22,100,000
Wisconsin
See Similar DealsMultiFamily241,508 SF
Sold 05/15/2023
SOLD
Laureate Capital LLC Acquires Retail Property In Milwaukee For $22.1M
4100 N 56th St, Milwaukee, WI 53216, USA
See Similar DealsMultiFamily241,508 SF
Sold 05/15/2023
Summary
WISCONSIN
Asset Type:MultiFamily
Price Per Square Foot:$91
Total Square Footage:241,508 SF
Transaction Type:Sale
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.
Players
SELLER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,178,666.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$78,516.64
Cash-on-Cash Return-1.27%
Monthly Debt Service$104,765.27
Annual Debt Service$1,257,183.30
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