For Sale
$3,100,000

1011 Mayfair Rd Wauwatosa, WI 53226

Wauwatosa retail building, high cap rate.

Overview

Added:
Dec 11, 2024
Days on market:
137
This exceptional three-story retail building, located at 1011 N Mayfair Road in Wauwatosa, Wisconsin, presents a compelling investment opportunity. Boasting 41,788 rentable square feet on a 1.5-acre lot, this 1977-constructed property offers a strong 8.18% capitalization rate and a pro-forma net operating income of $253,533. The building features a multi-tenant configuration with long-term, synergistic tenants. Amenities include covered parking (4 spaces per 1,000 sq ft), ADA-compliant entry doors, dedicated storage areas, and after-hours access via an intercom system. Its prime location in Wauwatosa, Milwaukee County, Wisconsin (zip code 53226), provides convenient access to two freeway interchanges, ensuring excellent connectivity throughout the metro area. The asking price is $3,100,000, translating to a price per square foot of $74.19. This property is an ideal investment for those seeking a well-maintained, strategically located retail center with a proven track record and significant upside potential.

Highlights

  • Exceptional three-story retail building totaling 41,788 rentable square feet on a 1.5-acre lot in Wauwatosa, WI.
  • Strong 8.18% capitalization rate and $253,533 pro-forma NOI.
  • Multi-tenant building with long-term tenants, offering covered parking (4 spaces/1,000 sq ft), ADA access, storage, and after-hours intercom access.
  • Prime Wauwatosa location (53226) near two freeway interchanges.
  • Asking price: $3,100,000 ($74.19/sq ft).

Property Details for 1011 Mayfair Rd

Property type
Retail properties
Square Feet
41,788 SF
Year Built
1977
Stories
3
Lot Size (sq. ft)
65,340 SF

Location Insight

City
Wauwatosa
County
Milwaukee
State
Wisconsin
Latitude
43.0427234
Longitude
-88.0480244

FAQs

What type of property is this?
Retail property - Wauwatosa retail building, high cap rate.
Where is the retail property located?
The property is located at 1011 Mayfair Rd Wauwatosa, WI.
What is the asking price?
The asking price for this property is $3,100,000.
What are key features of this property?
This property features: Exceptional three-story retail building totaling 41,788 rentable square feet on a 1.5-acre lot in Wauwatosa, WI.; Strong 8.18% capitalization rate and $253,533 pro-forma NOI.; Multi-tenant building with long-term tenants, offering covered parking (4 spaces/1,000 sq ft), ADA access, storage, and after-hours intercom access.
How can I contact the broker?
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1011 Mayfair Rd
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