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4100 N 56th St, Milwaukee, ...

Laureate Capital LLC Acquires Retail Property In Milwaukee For $22.1M
SOLDMultiFamily

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

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.

Players

DC
DLC Management Corp.Seller

Milwaukee MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

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