For Sale
$5,500,000

20711 Watertown RdWaukesha, WI 53186

49,200 SF Multi-Tenant Industrial Building

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional investment opportunity presents a 49,200 square foot multi-tenant industrial building located at 20711 Watertown Road, Vernon, Wisconsin 53186, in Waukesha County. The property boasts a strong net operating income (NOI) of $430,266, yielding a 7.80% capitalization rate at an asking price of $5,500,000. The building is currently 100% occupied, offering immediate cash flow and potential for future appreciation. The versatile space is suitable for a variety of uses, including flex, medical office, and warehouse tenants. Key features include a 14-foot ceiling height, 100% air conditioning, and ample parking. Recent improvements include a roof replacement in 2018, repaved parking lot, new landscaping, and stucco facade repair and painting. The property's diverse tenant mix provides stability and allows for owner-user occupancy or tenant reconfiguration to meet evolving market demands. This is a rare opportunity to acquire a well-maintained, high-performing industrial property in a desirable Wisconsin location. The property's strong financials and recent upgrades make it an attractive investment for both seasoned and emerging investors. The building's flexible layout and prime location offer significant long-term growth potential.

Highlights

  • 49,200 SF multi-tenant industrial building in Vernon, WI.
  • $5,500,000 asking price with a 7.80% cap rate and $430,266 NOI.
  • 100% occupancy providing immediate cash flow.
  • Features 14' ceilings, full air conditioning, and ample parking.
  • Recent capital improvements include roof replacement, parking lot repaving, landscaping, and exterior upgrades.

Property Details for 20711 Watertown Rd

Property type
Warehouses, Office properties
Square Feet
49,200 SF

Location Insight

City
Waukesha
County
Waukesha
State
Wisconsin
Latitude
43.037186
Longitude
-88.1720202
20711 Watertown Rd, Waukesha, Wisconsin

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20711 Watertown Rd
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