Single-Tenant NNN Industrial
For Sale
$1,500,000
7373 S 6th St, Oak Creek, WI 53154
Industrial facility with dock and drive-in loading, office space, floor drains, and a wet sprinkler system.
Property Size16,071 SF
Price / SF$93.34
Days on Market47
Property Features for 7373 S 6th St
General Information
Standard status
Active
Size
16,071 SF
Property subtype
Industrial
Site & Location
Neighborhood
College Heights
Highway Access
Yes
Additional Details
Sprinkler System
Yes
Building Details
Building Size
16,071 SF
Tenancy
Single
Listing Agency:
Milwaukee
Listed By:
John Kardelis · License #9447887
(414) 278-6845
Source:
Colliers
Added: Sep 19
Changed: Oct 25
Last Checked: Nov 3 at 3:20AM
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 Milwaukee
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Investment Insights
Based on property information with market context.
This single-tenant NNN industrial property in Oak Creek includes approximately 16,071 SF of functional facility space. The improvements combine office and warehouse areas with dock loading, drive-in access, floor drains, and a wet sprinkler system. A standing seam metal roof was recently replaced.
The lease extends through October 2029 and provides annual rent escalations. The tenant is responsible for property taxes, utilities, insurance reimbursements, and most maintenance obligations. The property is positioned near I-94 and Mitchell International Airport, with access to the broader Milwaukee industrial market.
The asset also offers lease-renewal, rent-marketing, and future owner-user disposition considerations identified in the property information. Its net lease structure may also suit a 1031 exchange or private investment strategy.
The lease extends through October 2029 and provides annual rent escalations. The tenant is responsible for property taxes, utilities, insurance reimbursements, and most maintenance obligations. The property is positioned near I-94 and Mitchell International Airport, with access to the broader Milwaukee industrial market.
The asset also offers lease-renewal, rent-marketing, and future owner-user disposition considerations identified in the property information. Its net lease structure may also suit a 1031 exchange or private investment strategy.
Key Highlights
- Single‑tenant NNN industrial property with lease term through October 2029
- Approximately ±16,071 SF of industrial facility space
- Dock and drive‑in loading areas
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$70,986
Cap Rate
4.73%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,419,720
$1.4M
Cap Rate 7%
$1,014,086
$1.0M
Cap Rate 9%
$788,733
$788.7K
Market Conditions
NOI Build-Up for 16,071 SF
Gross rent
$87.9K $5.47/SF
− Vacancy
−$4.4K −$0.27/SF
EGI
$83.5K $5.20/SF
− OpEx
−$12.5K −$0.78/SF
NOI
$71.0K $4.42/SF
Area
Milwaukee County, WI
Vacancy
5.00%
Lease Rate
$5.47 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,419,720
Cap Rate 7%
$1,014,086
Cap Rate 9%
$788,733
Alternative Uses
Best Use
Warehouse
$1.01M
$887.3K – $1.18M
NOI $70,986 @ 7.0% cap · market cap 4.73%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.81M
$3.33M – $4.45M
NOI $266,771 @ 7.0% cap · market cap 17.78%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Open Analytics
Current Use
Lease Details
Single-tenant
Tenancy
Yes
Sprinkler system
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
370
Businesses Nearby
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Business Placement
Demographics for 53154, WI
36,497
Population
15,602
Households
2.3
Avg Household Size
39
Median Age
38%
College-Educated
95%
High-School Grad
28.5 sq mi
ZIP Area
1,281
Density / Sq Mi
$93,120
Median Household Income
$57,223
Median Earnings
$1,397
Median Rent
$305,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Midwest region
Frequently Asked Questions
What type of property is this?
NNN property - Industrial facility with dock and drive-in loading, office space, floor drains, and a wet sprinkler system.
Where is this nnn property located?
The property is located at 7373 S 6th St Oak Creek, WI.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: Single‑tenant NNN industrial property with lease term through October 2029; Approximately ±16,071 SF of industrial facility space; Dock and drive‑in loading areas
