SOLD
Roger Aubert Acquires Retail Property In Kenosha, WI For $2.175M
7535 Pershing Boulevard
Retail
4,755 SF
4,755 SF
Sold 1 year ago
Summary
Sale
WISCONSIN
Retail
4,755 sqft
The retail property located at 7535 Pershing Boulevard in Kenosha, WI has been sold. The transaction was completed on 12/31/2021, with a sale price of $2,175,000. The property spans 4,755 square feet, resulting in a price per square foot of $457. The buyer of the property is Roger Aubert, while Ivy Properties served as the seller. The broker representing the deal was Asher Wenig from the Stan Johnson Company.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $2,175,000
- Address: 7535 Pershing Boulevard, Kenosha, WI
- Market: Kenosha, WI
- Buyer: Roger Aubert
- Seller: Ivy Properties
- Broker: Asher Wenig - Stan Johnson Company
The property features a 1.0 percent + CPI annual increase lease structure, making it an attractive investment opportunity. It traded at a good 100 basis points below the average BMO Harris net lease bank, further highlighting its desirability in the market.
Players
All
2
Agents
1
Agencies
1
Details
SOLD
IMAGE: Asher Wenig
DATE: 12/31/2021
ADDRESS: 7535 Pershing Boulevard
MARKET: Kenosha, WI
ASSET TYPE: Retail
BUYER: Roger Aubert
SELLER: Ivy Properties
BROKER: Asher Wenig (@AshWenig) - Stan Johnson Company
ASKING PRICE: $2,297,500
SALE PRICE: $2,175,000
SF: 4,755 ~ PPSF: $457
CAP RATE: 4.75%
NOTE FROM BROKER: The lease features a 1.0 percent + CPI annual increase structure, making this asset a highly sought-after investment opportunity, and it’s why it traded at a good 100 basis points below the average BMO Harris net lease bank.View on map
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Address7535 Pershing Boulevard
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