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Multi-Tenant Industrial Property
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N16W22040 Jericho Drive, Waukesha, WI 53186

Fully leased, multi-suite industrial asset with seven tenants and convenient access to I-94.

Property Size19,200 SF
Price / SF$139.51
Days on Market8

Property Features for N16W22040 Jericho Drive

General Information

Standard status Active
Size 19,200 SF
Class B
Property subtype Industrial
Occupancy 100%
Lease Type NNN
Investment Type Stabilized

Additional Details

Highway Access Yes

Building Details

Year Built 1985
Buildings 1
Units 8
Tenancy Multi
Building Size 19,200 SF
Listing Agency: Marcus & Millichap - Milwaukee
Listed By: Peyton Mueller · License #112571-94
Source: Crexi
Added: Aug 24 Changed: Aug 30 Last Checked: Aug 30 at 8:57PM

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 Marcus & Millichap - Milwaukee

Investment Insights

Based on property information with market context.

Built in 1985, this industrial property contains 19,200 square feet arranged across eight suites. The building is fully leased to seven tenants, creating a diversified multi-occupant configuration within the asset. Lease economics include rent escalations, and several occupants have maintained long-term tenancy.

The property is located in Pewaukee, Wisconsin, approximately four minutes from I-94. It is situated within Waukesha County, where industrial vacancy is reported near 2%, while small-bay multi-tenant industrial vacancy is below 2%.

Key Highlights

  • 19,200‑square‑foot industrial property
  • Eight suites leased to seven tenants
  • 100% leased occupancy

Property Analytics

Current Use

R & R Communications ... Marketing & Advertising Aftermath Services LLC Social Service Agency Kain Construction LLC Construction Company Purple Mountain Solutions ... Logistics Company Re:Purpose LLC Home Decor Store

Suggested Use

Top Pick Real Estate Agency Dental Office Restaurant Spa & Massage Center Auto Repair Shop Pharmacy

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes
Highway access

Location Intelligence

Trade Area within ½ mile

164
Businesses Nearby

Demographics for 53186, WI

32,332
Population
15,066
Households
2.1
Avg Household Size
38
Median Age
39%
College-Educated
95%
High-School Grad
12.6 sq mi
ZIP Area
2,566
Density / Sq Mi
$74,596
Median Household Income
$42,007
Median Earnings
$1,180
Median Rent
$277,800
Median Home Value

Market

Vacancy Rate% for Industrial in Midwest region

4.4% 2019
4.9% 2020
3.6% 2021
3.1% 2022
4.6% 2023
5% 2024
4.9% 2025
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Frequently Asked Questions

What type of property is this?
Industrial property - Fully leased, multi-suite industrial asset with seven tenants and convenient access to I-94.
Where is this industrial property located?
The property is located at N16W22040 Jericho Drive Waukesha, WI.
What is the asking price?
The asking price for this property is $2,678,534.
What are key features of this property?
This property features: 19,200‑square‑foot industrial property; Eight suites leased to seven tenants; 100% leased occupancy
More about this property
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