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Marcus & Millichap Sells Office Property In Racine, WI For $3.4M
SOLD
$3,425,000
Wisconsin
See Similar DealsOffice24,500 SF
Sold 06/19/2023
SOLD
Marcus & Millichap Sells Office Property In Racine, WI For $3.4M
1135-1151 Warwick Way Racine, Wisconsin 53406, USA
See Similar DealsOffice24,500 SF
Sold 06/19/2023
Summary
WISCONSIN
Asset Type:Office
Price Per Square Foot:$139
Total Square Footage:24,500 SF
Transaction Type:Sale
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:
- Property Type: Office
- Transaction Amount: $3,425,000
- Address: 1135-1151 Warwick Way, Racine, WI
- Market: Racine, WI
- Brokers: Brett Rodgers, Frank M. Roti & Alex Sacks - Marcus & Millichap
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$182,666.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$12,168.31
Cash-on-Cash Return-1.27%
Monthly Debt Service$16,236.25
Annual Debt Service$194,834.97
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