N87W17301 Main St Menomonee Falls, WI 53051
- Office Properties & Spaces
- 9,217 SF
Current Use by Public Records
- DaVita Menomonee Falls Dialysis / Dialysis Center / Local Medical Services
Property Details for N87W17301 Main St
- Property size
- 9,217 SF
- Property type
- Office Properties & Spaces
- Property subtype
- Medical offices
Description
This exceptional investment opportunity comprises two multi-tenant medical office buildings located in Menomonee Falls and Fort Atkinson, Wisconsin. The portfolio totals 21,186 net rentable square feet, currently 82.6% occupied, and features a diverse tenant mix including DaVita Dialysis and Fred Astaire Dance Studio. The Menomonee Falls property, at N87W17301 Main St, 53051, offers 9,217 to 11,969 square feet, with a significant portion leased to DaVita Dialysis under an 8-year lease. This building currently shows a Net Operating Income (NOI) of $25,164. A 3,917 square foot vacancy exists, previously occupied by SSM Health, presenting a value-add opportunity for owner-occupancy or lease-up. The Fort Atkinson property, situated at 525 Handeyside Ln, 53538, boasts a net rentable area ranging from 9,217 to 11,969 square feet. DaVita Dialysis also occupies a substantial portion of this building, also under an 8-year lease. This building's NOI is $134,997. The combined portfolio boasts a projected 2024 NOI of $160,161, representing a stable and attractive return on investment. The properties are offered for sale as a portfolio or individually, providing flexibility for potential buyers. The price per square foot is $129.57. This is a stabilized investment opportunity with significant upside potential.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Menomonee Falls
- County
- Waukesha
- State
- Wisconsin
- Longitude
- -88.1247
- Latitude
- 43.1773
