4701 N Port Washington Rd
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4701 N Port Washington Rd
13,055 SF 80% Leased Office Building Glendale, WI 53212 £697,476 (£53/SF) 5.66% Net Initial Yield
Investment Highlights
- Multi-tenant office building in the desirable Northshore community of Glendale
- Perfect opportunity for the next owner-user needing all or a portion of the building and/or local investor
- Easy-to-find and easy-to-access location immediately off I-43
- Destination commercial uses in immediate area including Orthopedic, Nursing, Pediatrics, and Senior Care medical uses
Executive Summary
Exceptional opportunity to own a small well-maintained, high-visibility multi-tenant office property in the desirable Northshore community of Glendale. With an easy-to-find and easy-to-access location immediately off a newly reconstructed exit to Port Washington Road at Hampton Avenue, this currently owner-occupied, building keeps good company with its best-in-class medical/healthcare, corporate, and commercial neighbors including Ascension Wisconsin, the Orthopedic Hospital of Wisconsin, Blount Orthopedic, RiverGlen Pediatric Clinic, Heartis Senior Living Village, Northshore Montessori School, Nurturing Nook child daycare, the Holiday Inn Rivercenter & Anchorage restaurant, legendary Solly’s butterburger restaurant and others. Perfect opportunity for the next owner-user needing all or a portion of the building and/or investor looking for that genuinely achievable value-add play. Re-priced...... to sell.
Property Facts
Sale Type
Investment
Property Type
Office
Building Size
13,055 SF
Building Class
C
Year Built
1976
Price
£697,476
Price Per SF
£53
Net Initial Yield
5.66%
NOI
£39,450
Percent Leased
80%
Tenancy
Multiple
Number of Floors
4
Typical Floor Size
3,264 SF
Slab to Slab
10 ft
Building FAR
0.73
Land Acres
0.41 AC
Zoning
C - Commercial of Business Park
Parking
36 Spaces (2.76 Spaces per 1,000 SF Leased)
Amenities
- Signage
- Central Heating
- Air Conditioning
MAJOR TENANTS
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease End
- Consumer & Employment Law Ctr
- Professional, Scientific, and Technical Services
- 600 SF
- -
- -
- Kina Reserves Inc
- Public Administration
- -
- -
- -
-
- Professional, Scientific, and Technical Services
- 200 SF
- -
- -
I have been helping people for over 35 years and thoroughly enjoy my work as an attorney. I have taken my clients' cause to court when necessary, but my investigation and preparation of the claim frequently results in the successful mediation or negotiation of a settlement that achieves my client's goal. When choosing a course of action in a complex legal environment, my approach is always to provide options to my clients, and we make informed decisions together.
- Reckmeyer Law, LLC
- Professional, Scientific, and Technical Services
- 1,000 SF
- -
- -
- Rinehart Scaffidi & Mathews
- Real Estate
- -
- -
- -
- Urban & Taylor SC
- Professional, Scientific, and Technical Services
- 750 SF
- -
- -
| Tenant | Industry | SF OCCUPIED | RENT/SF | Lease End | ||
| Consumer & Employment Law Ctr | Professional, Scientific, and Technical Services | 600 SF | - | - | ||
| Kina Reserves Inc | Public Administration | - | - | - | ||
|
|
Professional, Scientific, and Technical Services | 200 SF | - | - | ||
| Reckmeyer Law, LLC | Professional, Scientific, and Technical Services | 1,000 SF | - | - | ||
| Rinehart Scaffidi & Mathews | Real Estate | - | - | - | ||
| Urban & Taylor SC | Professional, Scientific, and Technical Services | 750 SF | - | - |
Space Availability
- Space
- Size
- Space Use
- Condition
- Available
| Space | Size | Space Use | Condition | Available |
| 3rd Fl-Ste Suite 300 | 2,611 SF | Office | - | Now |
3rd Fl-Ste Suite 300
| Size |
| 2,611 SF |
| Space Use |
| Office |
| Condition |
| - |
| Available |
| Now |
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3rd Fl-Ste Suite 300
| Size | 2,611 SF |
| Space Use | Office |
| Condition | - |
| Available | Now |
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PROPERTY TAXES
| Parcel Number | 233-1008-001 | Improvements Assessment | £698,265 |
| Land Assessment | £122,295 | Total Assessment | £820,560 |
PROPERTY TAXES
Parcel Number
233-1008-001
Land Assessment
£122,295
Improvements Assessment
£698,265
Total Assessment
£820,560
-
Marianne Burish -
Transwestern Real Estate Services
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4701 N Port Washington Rd
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