Marcus & Millichap Facilitates $14.9M Sale Of Multi-Tenant Retail Property In Waukesha, WI
601 Meadowbrook Road & 921 Meadowbrook Road
$14,900,000
$66/SF
Building Size
112,010 SF
Asset Type
Retail
Closing
Aug 30, 2023
About this deal
AI
A multi-tenant retail property anchored by a grocery store in Waukesha, Wisconsin has been sold for $14.9 million. The property spans 112,010 square feet and is located at 601-921 Meadowbrook Road. The sale price per square foot was $133.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $14,900,000
- Address: 601-921 Meadowbrook Road, Waukesha, WI
- Market: Waukesha, WI
Marcus & Millichap facilitated this sale of the multi-tenant retail property. The deal was brokered by Austin Weisenbeck, Marc Sitzer, and Sean Sharko, who represented Marcus & Millichap in the transaction.
Players
Meadowbrook 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
1.06%
Cash-on-Cash
-0.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93