Single-Tenant Warehouse with Dock
New
For Sale
$2,400,000
W8622 Willis Ray Rd, Whitewater, WI 53190
Manufacturing and warehouse facility with NNN lease structure, multiple loading options, and access to regional transportation routes.
Property Size42,334 SF
Lot Size2.65 Acres
Price / SF$56.69
Days on Market2
Property Features for W8622 Willis Ray Rd
General Information
Standard status
Active
Size
42,334 SF
Lot size
2.65 Acres
Property subtype
Warehouse
Occupancy
100%
Warehouse & Industrial
Clear Height
20 ft
Dock-High Doors
2
Drive-In Doors
1
Additional Details
Cap Rate
9.27%
Highway Access
Yes
Amenities
Single-Tenant Approximately 42,334-Square-Foot Manufacturing/Warehouse Situated on Approximately 2.65 Acres
Features Metal Construction, Approximately 12-Foot to 20-Foot Clear Height, Two Dock Doors, and One Drive-In Door
Recently Renewed Five-Year Triple-Net Lease at $5.26 per Square Foot with Three Percent Annual Escalations and Two Five-Year Renewal Options | Generating 9.27 Percent Cap Rate
Leased to All States Ag Parts, LLC (Parts ASAP), Leading North American Parts Distributor for Agricultural, Construction, and Industrial Equipment
Situated in Outperforming Walworth West Submarket with 1.4 Percent Vacancy Rate vs. 7.8 Percent National Average
Primely Situated in Agricultural Basin Along U.S. 12 with Proximity to I-43 and I-90
Building Details
Building Size
42,334 SF
Year Built
1970
Construction
metal
Tenancy
Single
Listed By:
Timothy Sullivan · License #License(s): IL: 475.200518
(312) 624-7078
Source:
Marcusmillichap
Added: Sep 9
Last Checked: Sep 10 at 5:35AM
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 Timothy Sullivan
Investment Insights
Based on property information with market context.
This single-tenant warehouse property contains approximately 42,334 square feet of manufacturing and warehouse space on approximately 2.65 acres. Built in 1970, the facility has metal construction, clear heights from approximately 12 feet to 20 feet, two dock-high doors, and one drive-in door. The building is fully occupied by All States Ag Parts, LLC, doing business as Parts ASAP, a distributor of replacement parts for agricultural, construction, and industrial equipment.
The property is located on Willis Ray Road in Whitewater, Wisconsin, along U.S. Route 12, with proximity to Interstates 43 and 90. Its location within an agricultural basin supports an industrial setting with access to major transportation routes. The recently renewed lease has a five-year term, NNN structure, 3.0 percent annual escalations, and two five-year renewal options. The property carries a 9.27 percent cap rate and 100 percent occupancy.
The property is located on Willis Ray Road in Whitewater, Wisconsin, along U.S. Route 12, with proximity to Interstates 43 and 90. Its location within an agricultural basin supports an industrial setting with access to major transportation routes. The recently renewed lease has a five-year term, NNN structure, 3.0 percent annual escalations, and two five-year renewal options. The property carries a 9.27 percent cap rate and 100 percent occupancy.
Key Highlights
- Approximately 42,334 square feet of manufacturing and warehouse space on approximately 2.65 acres
- Clear heights ranging from approximately 12 feet to 20 feet
- Two dock‑high doors and one drive‑in door
Property Analytics
Current Use
Lease Details
20 ft
Clear height
2
Dock-high doors
1
Drive-in doors
100%
Occupancy
Single-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
13
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 53190, WI
19,459
Population
8,331
Households
2.3
Avg Household Size
27
Median Age
35%
College-Educated
90%
High-School Grad
130.8 sq mi
ZIP Area
149
Density / Sq Mi
$59,598
Median Household Income
$17,627
Median Earnings
$990
Median Rent
$247,000
Median Home Value
Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Warehouse - Manufacturing and warehouse facility with NNN lease structure, multiple loading options, and access to regional transportation routes.
Where is this warehouse located?
The property is located at W8622 Willis Ray Rd Whitewater, WI.
What is the asking price?
The asking price for this property is $2,400,000.
What are key features of this property?
This property features: Approximately 42,334 square feet of manufacturing and warehouse space on approximately 2.65 acres; Clear heights ranging from approximately 12 feet to 20 feet; Two dock‑high doors and one drive‑in door
