NNN Property
11055 Klienmann Dr, Germantown, WI 53022
For Sale
New
Contact for pricing
The portfolio combines multiple commercial buildings with a vacant land parcel under a true NNN lease structure.
Property Size59,150 SF
Price / SF$102.09
Days on Market4
Property Features for 11055 Klienmann Dr
General Information
Standard status
Size
Property subtype
Additional Details
Tenant in Place
Building Details
Buildings
Listing Agency:
Lighthouse Commercial Real Estate
(608) 234-4848
Listed By:
David Haug · License #WI-57355-90
(608) 445-3500
Source:
Moodyscre
Added: Nov 6
Changed: Nov 8
Last Checked: Nov 8 at 2:35PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Lighthouse Commercial Real Estate
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This five-property portfolio includes four commercial buildings totaling 59,150 square feet and a vacant 0.99-acre parcel. The buildings are located in Madison, Menasha, and Germantown; the land is in Menasha.
The leases use a true NNN structure. Tenants pay operating expenses, real estate taxes, special assessments, and utilities directly. Their maintenance responsibilities extend to structural components and major building systems, including the roof, foundation, HVAC, electrical, plumbing, and mechanical systems.
The leases use a true NNN structure. Tenants pay operating expenses, real estate taxes, special assessments, and utilities directly. Their maintenance responsibilities extend to structural components and major building systems, including the roof, foundation, HVAC, electrical, plumbing, and mechanical systems.
Key Highlights
- Four buildings totaling 59,150 square feet
- Vacant 0.99‑acre parcel in Menasha
- Properties span Madison, Menasha, and Germantown
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$215,388
Cap Rate
3.57%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,307,760
$4.3M
Cap Rate 7%
$3,076,971
$3.1M
Cap Rate 9%
$2,393,200
$2.4M
Market Conditions
NOI Build-Up for 59,150 SF
Gross rent
$323.6K $5.47/SF
− Vacancy
−$15.9K −$0.27/SF
EGI
$307.7K $5.20/SF
− OpEx
−$92.3K −$1.56/SF
NOI
$215.4K $3.64/SF
Area
Washington County, WI
Vacancy
4.90%
Lease Rate
$5.47 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,307,760
Cap Rate 7%
$3,076,971
Cap Rate 9%
$2,393,200
Alternative Uses
Best Use
Industrial
$3.08M
$2.69M – $3.59M
NOI $215,388 @ 7.0% cap · market cap 3.57%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$16.26M
$14.23M – $18.97M
NOI $1,138,285 @ 7.0% cap · market cap 18.85%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
101
Businesses Nearby
Explore this area
Business Placement
Demographics for 53022, WI
19,935
Population
8,229
Households
2.4
Avg Household Size
44
Median Age
48%
College-Educated
96%
High-School Grad
27.7 sq mi
ZIP Area
720
Density / Sq Mi
$105,324
Median Household Income
$58,683
Median Earnings
$1,315
Median Rent
$353,000
Median Home Value
Market
Vacancy Rate% for Industrial in Midwest region
Frequently Asked Questions
What type of property is this?
NNN property - The portfolio combines multiple commercial buildings with a vacant land parcel under a true NNN lease structure.
Where is this nnn property located?
The property is located at 11055 Klienmann Dr Germantown, WI.
What is the asking price?
The asking price for this property is $6,038,700.
What are key features of this property?
This property features: Four buildings totaling 59,150 square feet; Vacant 0.99‑acre parcel in Menasha; Properties span Madison, Menasha, and Germantown
