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620 Elizabeth Ct

25,662 SF Retail Building Brookfield, WI 53045 $5,906,880 CAD ($230 CAD/SF) 7.25% Cap Rate

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.

Financial Summary (Actual - 2023) Click Here to Access

Annual (CAD) Annual Per SF (CAD)
Gross Rental Income - -
Other Income - -
Vacancy Loss - -
Effective Gross Income - -
Net Operating Income $99,999 $9.99

Financial Summary (Actual - 2023) Click Here to Access

Gross Rental Income (CAD)
Annual -
Annual Per SF -
Other Income (CAD)
Annual -
Annual Per SF -
Vacancy Loss (CAD)
Annual -
Annual Per SF -
Effective Gross Income (CAD)
Annual -
Annual Per SF -
Net Operating Income (CAD)
Annual $99,999
Annual Per SF $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
$5,906,880 CAD
Price Per SF
$230 CAD
Cap Rate
7.25%
NOI
$428,249 CAD
Tenancy
Single
Building Height
2 Stories
Building FAR
0.20
Land Acres
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
ALDI
StorageMart
Mission BBQ
Chase Bank

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
BKFT-1123-992-002
Land Assessment
$1,829,807 CAD
Improvements Assessment
$1,905,398 CAD
Total Assessment
$3,735,205 CAD
  • Listing ID: 33448168

  • Date on Market: 2024-10-08

  • Last Updated:

  • Address: 620 Elizabeth Ct, Brookfield, WI 53045

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