01/20/2023
Just Closed | Whitewater Plaza | 2 Tenant Shopping Center | $1,185,000 | Wisconsin
Investment Highlights
• Internet Resistant Tenancy - U.S. Cellular & Lambeau To***co
• Mix of Corporate (US Cellular) & Franchisee Credit (Lambeau To***co
• 4+ Years of WALT -Triple-Net (NNN) Leases with 10% Rent Increase
• Located Blocks from University of Wisconsin- Whitewater 400 Acre Campus (10,804 Students)
• Desirable Co-tenants – Walgreens, McDonalds Cost Cutters & Pizza Hut
• Ideal Low Price Point 1031 Exchange Opportunity
Sale Highlights
• Sold for $1,185,000– (6.78% Cap)
• Milwaukee Based Private Investment Group
• Buyer was conducting a 1031 Exchange
• New Loan Origination
• Closed Escrow on the 180th Day of Buyers’ Exchange
• Successfully Navigated a Shifting Market Due to Rising Interest Rates