1913 Melvin Ave
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1913 Melvin Ave
5,757 SF 100% Leased Industrial Building Racine, WI 53404 £586,838 (£102/SF) 8% Net Initial Yield
Investment Highlights
- Great Location!
- 100% Occupied!
Executive Summary
Cushman & Wakefield Boerke has been exclusively retained to market for sale this 100% occupied, 5,757-square foot industrial property in Racine, Wisconsin. The tenant, Cardinal Express Logistics has a lease in place through October 31,
2026. The offering offers investors the opportunity to acquire a rare net leased truck repair building, with trailer parking, that will always be in demand with a stable income stream with 3% annual increases.
2026. The offering offers investors the opportunity to acquire a rare net leased truck repair building, with trailer parking, that will always be in demand with a stable income stream with 3% annual increases.
Property Facts
| Price | £586,838 | Rentable Building Area | 5,757 SF |
| Price Per SF | £102 | Number of Floors | 1 |
| Sale Type | Investment | Year Built | 1983 |
| Net Initial Yield | 8% | Parking Ratio | 3.47/1,000 SF |
| Property Type | Industrial | Clear Ceiling Height | 16 ft |
| Property Subtype | Warehouse | Level Access Doors | 6 |
| Building Class | C | Cross Streets | Mt Pleasant St |
| Lot Size | 1.77 AC |
| Price | £586,838 |
| Price Per SF | £102 |
| Sale Type | Investment |
| Net Initial Yield | 8% |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | C |
| Lot Size | 1.77 AC |
| Rentable Building Area | 5,757 SF |
| Number of Floors | 1 |
| Year Built | 1983 |
| Parking Ratio | 3.47/1,000 SF |
| Clear Ceiling Height | 16 ft |
| Level Access Doors | 6 |
| Cross Streets | Mt Pleasant St |
Amenities
- 24 Hour Access
PROPERTY TAXES
| Parcel Number | 276-000020936003 | Improvements Assessment | £149,761 |
| Land Assessment | £34,897 | Total Assessment | £184,658 |
PROPERTY TAXES
Parcel Number
276-000020936003
Land Assessment
£34,897
Improvements Assessment
£149,761
Total Assessment
£184,658
zoning
| Zoning Code | I-2 (General Industrial) |
| I-2 (General Industrial) |
Contacts
-
David Tighe -
Steve Brunow -
Steve Styza -
Cody Ziegler -
Cushman Wakefield, The Boerke Company
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1913 Melvin Ave
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