Group RMC Acquires Office Building At 111 E Wisconsin Ave In Milwaukee, WI For $34.25M
111 East Wisconsin Avenue, Milwaukee, Wisconsin 53202, United States
$34,250,000
$71/SF
Building Size
477,772 SF
Asset Type
Office
Closing
Dec 7, 2021
AI
The office property located at 111 E Wisconsin Ave in Milwaukee, WI has been sold for a total transaction amount of $34,250,000. The property spans over an area of 477,772 square feet, resulting in a price per square foot of $71.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $34,250,000
- Address: 111 E Wisconsin Ave, Milwaukee, WI
- Market: Milwaukee, WI
- Buyer: Group RMC - Onic V. Palandjian
- Square Footage: 477,772
- Price Per Square Foot: $71
The buyer for this transaction is Group RMC, represented by Onic V. Palandjian. The sale of this office property marks a significant deal in the Milwaukee market.
Milwaukee Office Market Snapshot
Boundary boundary · Office · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.46%
Cash-on-Cash
-0.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93