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Marcus & Millichap Facilitates $1.4M Sale Of Taco John's Restaurant In Milwaukee

Property Image
SOLD
$1,400,000
Todd Lindblom
Harrison (Hank) Wolfer
Carson Breshears

Wisconsin

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Retail
Sold 06/21/2024
the dealplayerscompscontact
Property Image
SOLD

Marcus & Millichap Facilitates $1.4M Sale Of Taco John's Restaurant In Milwaukee

4650 South 5th Street

See Similar Deals
Retail
Sold 06/21/2024
Todd Lindblom
Harrison (Hank) Wolfer
Carson Breshears
the dealplayerscompscontact
Contact now

Summary

WISCONSIN
Asset Type:Retail
Transaction Type:Sale

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.

Players

Todd Lindblom
Marcus & Millichap
Todd Lindblom
5 deals$18.2M volume(262) 364-1964
BROKER
Harrison (Hank) Wolfer
Marcus & Millichap
Harrison Wolfer
4 deals$322.5M volume(206) 826-5730
BROKER
Carson Breshears
Marcus & Millichap
Carson Breshears
3 deals$319.3M volume(206) 826-5638
BROKER

Details

SOLD
IMAGE: 06/21/2024 ADDRESS: 4650 South 5th Street MARKET: Milwaukee, WI ASSET TYPE: Retail BROKERS: Carson Breshears, Harrison Wolfer & Todd Lindblom - Marcus & Millichap SALE PRICE: $1,400,000 NOTE: Marcus & Millichap facilitated the $1.4 million sale of a Taco John’s-occupied restaurant property near Milwaukee International Airport at 4650 S. 5th St. The transaction involved Carson Breshears and Hank Wolfer representing both the buyer and seller, with Todd Lindblom overseeing the closing as the broker of record in Wisconsin.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$74,666.66

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$4,973.91
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,636.71
Annual Debt Service$79,640.57