255 Fiserv Dr
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255 Fiserv Dr
186,705 SF Office Building Brookfield, WI 53045 For Sale
Investment Highlights
- + High-Quality, Fortune 500 Corporate Headquarters Complex: two interconnected buildings, ideal for owner/user, functional rectangular floorplates
- + Central MSA Location Burgeoning Waukesha County: direct access to Bluemound Rd, connectivity to regional destinations, proximate to great amenities
- + Compelling Speculative Investment/Development Opportunity: two-building layout provides flexibility for re-tenanting or multi-tenanting
- + Strong Demographic Profile in Immediate Area Within Commuting Distance: 1.3 MM people within 30-minute drive, average HHI of $125,000 within 5-miles
Executive Summary
CBRE, Inc., as exclusive advisor to owner, is pleased to present an exceptional opportunity to acquire the fee simple interest in the Fortune 500 Corporate Headquarters complex at 255 Fiserv Drive in Brookfield, Wisconsin (the ”Offering” or the “Property”). Originally constructed in 1992 as a single three-story building with a second interconnected two-story building constructed in 1998, this suburban Milwaukee complex comprises over 186,000 SF of office space with a dedicated data center and onsite amenities including a cafeteria and fitness center. There are approximately 635 parking spaces on the 17.6-acre site, which is accessible directly from Bluemound Road to the north or from the Brookfield Lakes Corporate Center to the east. The Bluemound Road corridor is one of the busiest commercial corridors in the state of Wisconsin, featuring an abundance of office parks and national retailers along a three-mile stretch from The Corners of Brookfield (~1.5 miles to the west of the Property) to Brookfield Square (~1.7 miles to the east), both of which have drawn significant investment in recent years. A third major mixed-use development site along Bluemound Road – the 66-acre The Corridor of Brookfield (~0.5 mile to the east) – solidifies this location as one of the most sought-after commercial destinations in the entire metro area, with over 1.3 million residents within a 30-minute drive. Current ownership has elected to relocate their corporate headquarters to downtown Milwaukee in the first half of 2024, providing a tremendous acquisition opportunity for either an owner/user to occupy all or a portion of the Property or a speculative investor to consider multi-tenanting options. Excess land along the southern end of the parcel may also have potential to be developed to alternative uses including multifamily or senior housing.
Property Facts
Sale Type
Investment or Owner User
Sale Conditions
Property Type
Office
Property Subtype
Building Size
186,705 SF
Building Class
B
Year Built
1992
Tenancy
Single
Building Height
3 Stories
Typical Floor Size
62,235 SF
Building FAR
0.24
Land Acres
17.60 AC
Zoning
B - O&L - Office & Limited Industry
Parking
635 Spaces (3.4 Spaces per 1,000 SF Leased)
Amenities
- Conferencing Facility
- Fitness Center
- Food Court
- Signage
- Kitchen
- Shower Facilities
- Yard
- Balcony
PROPERTY TAXES
Parcel Number | BRC-1119-990-014 | Improvements Assessment | $20,355,861 CAD |
Land Assessment | $6,522,488 CAD | Total Assessment | $26,878,349 CAD |
PROPERTY TAXES
Parcel Number
BRC-1119-990-014
Land Assessment
$6,522,488 CAD
Improvements Assessment
$20,355,861 CAD
Total Assessment
$26,878,349 CAD
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