The Boulder Group Represents $20M Retail Sale In Milwaukee, WI
SOLD
$20,000,000
Wisconsin
See Similar DealsRetail120,000 SF
Sold 07/22/2022
SOLD
The Boulder Group Represents $20M Retail Sale In Milwaukee, WI
7401 West Good Hope Road, Milwaukee, Wisconsin 53223, United States
See Similar DealsRetail120,000 SF
Sold 07/22/2022
Summary
WISCONSIN
Asset Type:Retail
Price Per Square Foot:$166
Total Square Footage:120,000 SF
Transaction Type:Sale
The retail property located at 7401 W Good Hope Rd in Milwaukee, WI has been sold for a transaction amount of $20,000,000. The property spans 120,000 square feet, resulting in a price per square foot of $167.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $20,000,000
- Address: 7401 W Good Hope Rd, Milwaukee, WI
- Market: Milwaukee, WI
- Brokers: Jimmy Goodman & John Feeney - The Boulder Group
Jimmy Goodman and John Feeney, both representing The Boulder Group, facilitated the sale of this retail property. They played a key role in ensuring a successful transaction for the property located at 7401 W Good Hope Rd in Milwaukee, WI.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,066,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$71,055.77
Cash-on-Cash Return-1.27%
Monthly Debt Service$94,810.20
Annual Debt Service$1,137,722.44
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