Marcus & Millichap Sells Heartland Dental Office In Pewaukee Wisconsin For $4.3M
1459 Capitol Drive
$4,300,000
$826/SF
Building Size
5,200 SF
Asset Type
Office
Closing
Mar 20, 2026
AI
The property asset involved in this transaction is a newly constructed office space located at 1459 Capitol Drive in Pewaukee, WI. The asset encompasses 5,200 square feet and was sold for $4,300,000, which reflects a price per square foot of $827. It is situated on a 1.11-acre lot and is secured by a 12-year absolute NNN lease.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $4,300,000
- Address: 1459 Capitol Drive
- Market: Pewaukee, WI
- Asset Size: 5,200 SF
- Price per Square Foot: $827
- Lot Size: 1.11 Acres
- Lease Type: 12-year absolute NNN lease
The brokers involved in this transaction included Zack House, Alex M. Frankel, Mark Ruble, and Chris Lind from Marcus & Millichap, who represented the seller in the deal, facilitating the sale of the Heartland Dental property.
Players
Pewaukee 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
3.69%
Cash-on-Cash
-1.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93