For Sale
$4,200,000

620 Elizabeth CtBrookfield, WI 53045

Prime Brookfield location, high cap rate, strong tenant.

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional multi-use property, located at 620 Elizabeth Ct in Brookfield, Wisconsin, presents a compelling investment opportunity. The 25,660 square foot building sits on a 3.02-acre lot and boasts a desirable 7.25% cap rate. Built in 1995 and extensively renovated in 2019, the property features a mix of retail (4,500 SF), office (5,150 SF), and warehouse space (16,010 SF), plus an additional 700 square feet of second-floor office space. The building's versatile layout caters to a variety of business needs. Improvements completed in 2019 include a new 60-mil ballasted rubber membrane roof, updated HVAC and LED lighting systems, and a fully renovated office and retail showroom. The property includes 143 parking spaces and two grade-level loading docks. Constructed with poured concrete panels and equipped with a wet sprinkler system, the building offers exceptional durability and safety. Currently fully leased to Authentic Sport Specialty until June 30th, 2029, this property provides immediate cash flow and long-term stability. Its strategic location just off Bluemound Road, minutes from the Goerkes Corners interchange, ensures high visibility and easy access to major transportation routes. This is a rare opportunity to acquire a flexible, high-performing asset in one of Southeastern Wisconsin's most dynamic commercial corridors. The asking price is $4,200,000.

Highlights

  • $4,200,000 asking price, 7.25% cap rate.
  • 25,660 square foot building on a 3.02-acre lot in Brookfield, WI.
  • Features 24,960 SF of first-floor space, 700 SF of second-floor office space, 4,500 SF of retail space, and 16,010 SF of warehouse space.
  • Built in 1995, fully renovated in 2019.
  • 143 parking spaces and 2 loading docks.
  • Fully leased to Authentic Sport Specialty until June 30, 2029.

Property Details for 620 Elizabeth Ct

Property type
Retail properties, Office properties
Square Feet
25,660 SF
Year Built/Renovated
1995/2019
Lot Size (sq. ft)
131,551 SF

Location Insight

City
Brookfield
County
Waukesha
State
Wisconsin
Latitude
43.0377267
Longitude
-88.1584089
620 Elizabeth Ct, Brookfield, Wisconsin

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620 Elizabeth Ct
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