For Sale
$274,155

8949 Deerbrook TrlBrown Deer, WI 53223

High-Cap Rate Warehouse, NNN Lease

Overview

Added:
Dec 11, 2024
Days on market:
119
Exceptional investment opportunity: a vacant 1,470 square foot warehouse unit in Brown Deer, Wisconsin, listed at $274,155 ($186.50/sq ft). This NNN (Net Lease) property boasts an impressive 8.58% cap rate and a strong net operating income (NOI) of $23,520. The lease term runs from May 31, 2024, to November 29, 2024, providing immediate occupancy potential. Located at 8949 N Deerbrook Trail, Unit 115, in the 53223 zip code, this light industrial zoned property features 12-foot ceilings and is one of sixteen units within the complex. Each unit is fully remodeled and updated (2023), including climate control, an overhead door, a kitchen area, and a custom restroom with shower rough-in. The building benefits from a gated 24/7 access, a new insulated roof, new rooftop HVAC units, new asphalt and concrete drives, LED lighting, and wet bars. This versatile space is ideal for various uses, from storage and business operations to personal workshops. Don't miss this chance to acquire a high-return, well-maintained warehouse unit in a prime location.

Highlights

  • $274,155 asking price for a 1,470 SF warehouse in Brown Deer, WI.
  • Net lease investment opportunity with an 8.58% cap rate and $23,520 annual NOI.
  • Vacant unit, lease commencement May 31, 2024, and expiration November 29, 2024.
  • Light industrial zoning, 12-foot ceiling height, and individually climate-controlled units.
  • Fully remodeled in 2023 with overhead doors, kitchen areas, and custom restrooms (shower rough-in).

Property Details for 8949 Deerbrook Trl

Property type
Warehouses, Industrial properties
Square Feet
1,470 SF
Units
16

Location Insight

City
Brown Deer
County
Milwaukee
State
Wisconsin
Latitude
43.1805495
Longitude
-87.9674097
8949 Deerbrook Trl, Brown Deer, Wisconsin

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8949 Deerbrook Trl
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