Roger Aubert Acquires Retail Property In Kenosha, WI For $2.175M

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.