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111 East Wisconsin Avenue, ...

Group RMC Acquires Office Building At 111 E Wisconsin Ave In Milwaukee, WI For $34.25M
SOLDOffice

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.

Players

GR
Group RMCBuyer

Milwaukee Office Market Snapshot

Boundary boundary · Office · Sale transactions

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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