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10743 West National Avenue

12947 Woodbridge Street LLC Acquires Arby’s Restaurant In West Allis For $2.1 Million
SOLDRetail

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

Damien Yoder

Marcus & Millichap

Broker

$4.6M

vol

2 deals

Broker

Milwaukee Retail Market Snapshot

Boundary boundary · Retail · Sale transactions

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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