• Broker James Young 2628534002

620 Elizabeth Ct

25,662 SF Retail Building Brookfield, WI 53045 £3,239,502 (£126.24/SF) 7.25% Net Initial Yield

View Photo

INVESTMENT HIGHLIGHTS

  • Fully Leased Investment
  • Centrally located in SE Wisconsin's Strongest Retail Corridor
  • Many Recent Improvements to Structure

EXECUTIVE SUMMARY

Recently renovated retail/ commercial/ flex building immediately north of Bluemound Rd., in Brookfield, WI.
Seconds to the Goerke's Corners/ Interstate - 94 freeway interchange.
Building offers a fantastic location and a very flexible layout capable of accommodating a variety of business uses.
Building is leased by Authentic Sports Specialty, Inc., dba Stefan's Soccer through 2029. Tenant has 1 - 5 year renewal option and rent increases annually at 3%.
Building is presently used for office, retail and production operations.
Improvements include a new roof, new HVAC and a complete interior renovation/ rebuild.

ATTACHMENTS

620 Elizabeth Court - Brochure
620 Layout
620 Elizabeth Court Brookfield ALTA Survey

FINANCIAL SUMMARY (ACTUAL - 2023) Click Here to Access

ANNUAL ANNUAL PER SF
Gross Rental Income - -
Other Income - -
Vacancy Loss - -
Effective Gross Income - -
Net Operating Income $99,999 $9.99

PROPERTY FACTS

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
25,662 SF
Building Class
C
Year Built/Renovated
1995/2019
Price
£3,239,502
Price Per SF
£126.24
Net Initial Yield
7.25%
NOI
£234,864
Tenancy
Single
Number of Floors
2
Building FAR
0.20
Lot Size
3.02 AC
Zoning
B-2
Parking
143 Spaces (5.57 Spaces per 1,000 SF Leased)

AMENITIES

  • Pylon Sign
  • Signage

NEARBY MAJOR RETAILERS

CycleBar
Grimaldi's Pizzeria
Sendik's Food Market
The Melting Pot
Jazzercise
George Webb Restaurants
StorageMart
Mission BBQ
Chase Bank
Starbucks

PROPERTY TAXES

Parcel Number BKFT-1123-992-002 Improvements Assessment £1,053,764 (2024)
Land Assessment £1,011,959 (2024) Total Assessment £2,065,722 (2024)

Map of 620 Elizabeth Ct Brookfield, WI 53045

ADDITIONAL PHOTOS

View Photo 620 Front 2
View Photo 620 AC Shop Space
View Photo 620 Showroom Area
View Photo 620 Embroidery Room
View Photo 620 Interior Room
View Photo 620 Side Office Area
View Photo 620 Meeting Room

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