12947 Woodbridge Street LLC Acquires Arby’s Restaurant In West Allis For $2.1 Million
10743 West National Avenue
$2,100,000
$1,360/SF
Building Size
1,544 SF
Asset Type
Retail
Closing
Nov 6, 2024
AI
The property involved in this transaction is a retail asset located at 10743 West National Avenue, West Allis, WI, which has a sale price of $2,100,000. The asset encompasses an area of 1,544 square feet, translating to a price per square foot of $1,360. The building, constructed in 2004, was previously operating as an Arby’s restaurant.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $2,100,000
- Sale Date: 11/06/2024
- Address: 10743 West National Avenue
- Market: West Allis, WI
- Square Footage: 1,544
- Price Per Square Foot: $1,360
- Buyer: 12947 Woodbridge Street LLC
- Brokers: Damien Yoder & Madison Harman - Marcus & Millichap
This transaction saw Damien Yoder and Madison Harman representing the buyer, 12947 Woodbridge Street LLC. Marcus & Millichap facilitated the sale process, contributing to the successful transfer of ownership of the restaurant property.
Players
Milwaukee Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
7.55%
Cash-on-Cash
-2.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93