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111-133 E Silver Spring Dr
Milwaukee, WI 53217

Office Property For Sale

Investment Highlights

  • Property can be purchased alone or part of a portfolio.
  • Value-add opportunity.
  • Neighborhood retail/office property located in mature high-demand submarket with coveted demographics
  • Desirable location near national shops and retailers.

Executive Summary

A rare opportunity to own an exceptional Whitefish Bay commercial building portfolio on in-demand east Silver Spring Drive is now possible. Well known neighborhood retail building in the heart of “the Bay” offering outstanding existing tenants and quick relet when a rare vacancy occurs. As part of the ever-popular “Bay” shopping district, foot traffic, visibility and out-the-door lifestyle amenities can’t be beat for dining, entertainment, shopping, medical, wellness and fitness or any other type of business. Opportunity to enhance value at renewals or consider redevelopment options longer-term.

PROPERTY FACTS

Sale Type
Investment
Property Type
Office
Property Subtype
Office/Residential
Building Size
19,585 SF
Building Class
B
Year Built
1952
Price
$5,688,520 CAD
Price Per SF
$290 CAD
Cap Rate
5.43%
NOI
$308,887 CAD
Percent Leased
77%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
9,792 SF
Slab To Slab
9’
Building FAR
0.88
Lot Size
0.51 AC
Zoning
Area 11
Parking
8 Spaces (0.42 Spaces per 1,000 SF Leased)

Amenities

  • Signage

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
197-0040-003
Land Assessment
$1,338,509 CAD
Improvements Assessment
$2,183,965 CAD
Total Assessment
$3,522,474 CAD
  • Listing ID: 33052884

  • Date on Market: 2024-09-04

  • Last Updated:

  • Address: 111-133 E Silver Spring Dr, Milwaukee, WI 53217

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