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1135-1151 Warwick Way Racin...

Marcus & Millichap Sells Office Property In Racine, WI For $3.4M
SOLDOffice

Marcus & Millichap Sells Office Property In Racine, WI For $3.4M

1135-1151 Warwick Way Racine, Wisconsin 53406, USA

$3,425,000

$139/SF

Building Size

24,500 SF

Asset Type

Office

Closing

Jun 19, 2023

AI

The office property located at 1135-1151 Warwick Way in Racine, WI has been sold. The transaction was facilitated by brokers Brett Rodgers, Frank M. Roti, and Alex Sacks from Marcus & Millichap. The property has a total square footage of 24,500 and was sold for a price of $3,425,000, resulting in a price per square foot of $140.

Summary of transaction details:

The office property on Warwick Way in Racine, WI was successfully sold with the assistance of brokers Brett Rodgers, Frank M. Roti, and Alex Sacks from Marcus & Millichap. The transaction reflects a strong demand for office spaces in Racine, WI, and highlights the expertise of the brokers in facilitating successful deals in the market.

Players

Alex Sacks

Marcus & Millichap

Broker

$49.2M

vol

6 deals

Broker

Racine 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

4.63%

Cash-on-Cash

-1.32%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93