BMO Harris Bank
| Status | Sold |
|---|---|
| Price | $1,850,000 |
| Cap Rate | 6.09% |
| NOI | $112,673 |
| Lease Type | Absolute NNN |
| Lease Term | 10 Years |
| Lease Start | December 2015 |
| Lease Expiration | December 2025 |
| Building Size | 6,250 SF |
| Lot Size | 20952 AC |
Overview
The Walker’s Point area is one of the most dynamic real estate markets in the City of Milwaukee. Its proximity to downtown Milwaukee and its urban village character are the heart of its appeal. Walker’s Point is positioned between Downtown and the Third Ward.
The branch is afforded excellent visibility and accessibility due to its location at the hard corner of West National Avenue and South 4th Street. The site is further improved by its proximity to Interstate 94, a major regional thoroughfare. The building totals 6,250 square feet with one drive-thru and parking for 24 vehicles.
The site is surrounded by a substantial population due to its urban location in Walker’s Point. A population of over 441,000 residents live within a 5-mile radius from the branch. The combination of residential, retail, and commercial activity will benefit the area for years to come.
