RES ID: #133
133
CRE: Office
Sealed Bid Due Date:
September 18, 2014
ASKING PRICE:
None
133 W. Pittsburgh Ave., Milwaukee, WI
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Photo
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GENERAL INFORMATION
Property
Property Type
Property Address
Size (SF/Units)
Lot Size (Acres)
Parking Spaces (#)
Year Built
133 W. Pittsburgh Ave., Milwaukee, WI
CRE: Office
133 W. Pittsburgh Ave., Milwaukee, WI
85,580
0.73
50
1890 & 1893
#
#
#
#
#
#
#
Number of Buildings
Number of Stories
Occupancy
Occupancy as of Date
Pro Forma NOI
Assessors Parcel ID
Real Estate Taxes
3
4
73%
5/31/2014
$248,729
428-0269-110-0
$70,098
DESCRIPTION
Property is a 85,580 SF commercial building, 72.7% occupied. There are actually three buildings included in the property (129 W Pittsburgh, 133
W Pittsburgh, and 212 S 2nd Street). The property is located in the Walker's Point Neighborhood, which is next "hot" area in Milwaukee. Many
new redevelopments have been proposed in the area including the Water Council Building of Milwaukee. There have been upgrades to the
elevator, and made minor refurbishments to clear city code violations. The building is in a very desirable location. Current zoning is Industrial
Mixed (IM) which permits multi-family, retail, office, residential and light industrial.
OPERATING DATA
Potential Gross Income
Less: Vacancy
Effective Gross Income
Less: Expenses
Estimated NOI
CONTACT: Brian Goldman
PHONE: 312.257.3256
CURRENT
$239,544
0%
$238,544
$180,041
$58,504
PRO FORMA
$575,096
10%
$517,586
$268,857
$248,729
EMAIL: [email protected]