Hammes Partners Acquires Office Asset In Milwaukee From Montecito Medical Real Estate For $52.5M
1155 North Mayfair Road
$52,500,000
Units
100,977
Asset Type
Office
Closing
Mar 10, 2025
About this deal
AI
The property asset involved in this transaction is located at 1155 North Mayfair Road in Milwaukee, WI. This office asset comprises a total of 100,977 square feet and has been sold for a price of $52,500,000.00, reflecting the current market conditions. The sale was executed between two entities specializing in commercial real estate.
Summary of transation details:
- Property Type: Office
- Transaction Amount: $52,500,000.00
- Address: 1155 North Mayfair Road
- Market: Milwaukee, WI
- Units: 100,977
- Buyer: Hammes Partners
- Seller: Montecito Medical Real Estate
In this transaction, Hammes Partners acted as the buyer, acquiring the property from the seller, Montecito Medical Real Estate. The deal highlights the real estate investment dynamics in the office sector, involving significant market players.
On the Map
$52,500,000
Office
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Players
Wauwatosa 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
0.30%
Cash-on-Cash
-0.09%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93