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2830 North Farm to Market 5...

Kimberlee Partners LP Purchases Property From Bellwether Interest LLC In Kewaskum
SOLDOffice

Kimberlee Partners LP Purchases Property From Bellwether Interest LLC In Kewaskum

2830 North Farm to Market 565 Road...

Building Size

23,657 SF

Asset Type

Office

Closing

Nov 20, 2023

AI

The transaction involved the sale of a 23,657-square-foot flux building located at 2830 North Farm to Market 565 Road in Kewaskum. This property was fully leased at the time of sale.

Summary of transaction details:

  • Property Type: Flux Building
  • Transaction Amount: Not specified
  • Market: Kewaskum
  • Seller: Bellwether Interest LLC
  • Seller's Representative: Jason Tangen - Colliers International
  • Buyer: Kimberlee Partners LP
  • Buyer's Representative: Hart Schleicher - Capital Real Estate Commercial

Judd Harrison and Jason Tangen from Colliers International represented the seller in the transaction, while Hart Schleicher of Capital Real Estate Commercial acted on behalf of the buyer.

Players

Jason Tangen

Colliers

Broker

13 deals

Broker
KL
Kimberlee Partners LPBuyer
BL
Bellwether Interest LLCSeller

Kewaskum 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

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93