Group RMC Acquires Office Building At 111 E Wisconsin Ave In Milwaukee, WI For $34.25M
SOLD
$34,250,000
Wisconsin
See Similar DealsOffice477,772 SF
Sold 12/08/2021
SOLD
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
See Similar DealsOffice477,772 SF
Sold 12/08/2021
Summary
WISCONSIN
Asset Type:Office
Price Per Square Foot:$71
Total Square Footage:477,772 SF
Transaction Type:Sale
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.
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,826,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$121,683.01
Cash-on-Cash Return-1.27%
Monthly Debt Service$162,362.47
Annual Debt Service$1,948,349.68
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