150 Sunny Slope RdBrookfield, WI 53005

For Sale
$14,650,000

High-yield retail investment, Wisconsin.

Overview

Added:
Dec 11, 2024
Days on market:
94
This exceptional investment opportunity presents five multi-tenant retail buildings totaling 200,887 square feet, strategically located across Brookfield and Wauwatosa, Wisconsin. The portfolio boasts a compelling 91.93% cap rate and a current NOI of $1,115,619, with a pro-forma NOI of $1,097,618. Currently 77.12% occupied, this portfolio offers significant upside potential through lease-up of vacant spaces. Buildings were constructed between 1977 and 1990 and sit on land parcels ranging from 1.5 to 3.67 acres. The properties provide ample parking, with a ratio of 4 spaces per 1,000 square feet. Three buildings are situated in Brookfield, conveniently located near Brookfield Square, offering proximity to restaurants, hotels, medical facilities, and the Brookfield Conference Center. Two additional buildings are located on a prominent Wauwatosa commercial corridor, across from the Milwaukee County Research Park and near retail and medical office spaces. The asking price for this portfolio is $14,650,000, representing a price per square foot of $72.93. The adjacent 150 S. Sunny Slope Road and 150 N. Sunny Slope Road properties in Bishops Woods Office Park present potential for future redevelopment. This portfolio offers a rare opportunity to acquire a high-performing retail investment with substantial growth potential in a thriving Wisconsin market.

Highlights

  • 155 S. Executive Drive offers walkable access to Brookfield Square's amenities, including a new conference center, restaurants, apartments, hotels, and medical facilities, with further development planned.
  • 933 N. Mayfair Road and 1011 N. Mayfair Road enjoy a prime Wauwatosa location across from the Milwaukee County Research Park, offering proximity to retail, medical offices, and future apartment developments.
  • 150 S. Sunny Slope Road and 150 N. Sunny Slope Road are contiguous sites in Brookfield's Bishops Woods Office Park, situated on a major road between Bluemound Road and Greenfield Avenue, presenting redevelopment opportunities.

Property Details for 150 Sunny Slope Rd

Property type
Other retail properties, Retail properties
Square Feet
200,887 SF
Buildings
5
Lot Size (sq. ft)
65,340 SF

Location Insight

City
Brookfield
County
Waukesha
State
Wisconsin
Latitude
43.0316318
Longitude
-88.085691
150 Sunny Slope Rd, Brookfield, Wisconsin

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150 Sunny Slope Rd
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