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2960-2990 Chase Ave
Milwaukee, WI 53207 Bay View

Price Upon Request

Freestanding For Sale  •  29,491 SF

Property Details

  • Property Type Freestanding
  • Total Building Size 29,491 SF
  • Lot Size 2.64 AC
  • Building Class B
  • Year Built 1985
  • Tenancy Multiple
  • Zoning LB2
49 Transit Score
78 Walk Score

Highlights

The property is 95% occupied, and the one vacancy is an end-cap, providing an intriguing value-add opportunity
With average rent at the center being just under $14 PSF and submarket vacancy at 0.5%, the asset is primed for continued income growth
CSL takes up 40% of the GLA and has 7 years of firm term remaining on their lease, providing a stable foundation to the investment
Three new tenants have been signed up in the last year, bringing the current WALT of the center to 6.6 years
The center is shadow-anchored by Target, which provides a steady flow of traffic to the center
All of the top traffic drivers in the area have above-average foot traffic due to the strategic location off of I-94, which carries 132,000 VPD

Public Transportation

Commuter RailDriveWalkDistance
11 min - 4.0 mi
10 min - 4.1 mi
AirportDriveWalkDistance
General Mitchell International 9 min - 3.3 mi