Marcus & Millichap Facilitates $1.4M Sale Of Taco John's Restaurant In Milwaukee
4650 South 5th Street
$1,400,000
Building Size
—
Asset Type
Retail
Closing
Jun 21, 2024
About this deal
AI
The Taco John’s-occupied restaurant property located at 4650 S. 5th St, near Milwaukee International Airport, was sold for $1.4 million in a transaction facilitated by Marcus & Millichap. The deal was managed by Carson Breshears and Hank Wolfer, representing both the buyer and seller, while Todd Lindblom oversaw the closing as the broker of record in Wisconsin.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $1,400,000
- Address: 4650 South 5th Street
- Market: Milwaukee, WI
- Brokers: Carson Breshears, Harrison Wolfer & Todd Lindblom - Marcus & Millichap
The transaction at 4650 S. 5th St showcased the expertise of Carson Breshears, Harrison Wolfer, and Todd Lindblom from Marcus & Millichap. Their collective efforts resulted in the successful sale of the Taco John’s-occupied property, demonstrating their proficiency in executing real estate deals in the Milwaukee, WI market.
On the Map
$1,400,000
Retail
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Players
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
11.33%
Cash-on-Cash
-3.24%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93