Five-Year Single-Tenant Industrial — Sale in Whitewater, WI

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Industrial Property
  • Location: Whitewater, WI 53190
  • Year built: 1970

Photos

Five-Year Single-Tenant Industrial — Sale in Whitewater, WI, photo 1 of 2
Five-Year Single-Tenant Industrial — Sale in Whitewater, WI, photo 2 of 2

Investment Figures

Cap rate
9.27%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

Marcus & Millichap is pleased to present the opportunity to acquire the property located at W8622 Willis Ray Road in Whitewater, Wisconsin. The subject property consists of approximately 42,334 square feet of manufacturing and warehouse space situated on approximately 2.65 acres. The single-tenant property features metal construction, clear heights ranging from approximately 12-foot to 20-foot, two dock-high doors, and one drive-in door. Situated in an agricultural basin along U.S. Route 12, the property has proximity to Interstates 43 and 90. This prime location allows for convenient access to major transportation routes, making it an ideal location for a manufacturing or distribution facility. This investment opportunity offers a recently renewed five-year triple-net (NNN) lease at $5.26 per square foot with 3.0 percent annual escalations and two five-year renewal options, generating a 9.27 percent cap rate. The property is leased to All States Ag Parts, LLC (now doing business as Parts ASAP), a leading North American distributor of new, used, and remanufactured replacement parts for agricultural, construction, and industrial equipment. The property's 100 percent occupancy status and strong tenant profile make it an attractive investment opportunity. The Walworth West industrial submarket, where the property is situated, boasts a low vacancy rate of just 1.4 percent, well below the 7.8 percent national average (Costar, top 50 metros, classes A, B, & C, and minimum 10,000 square feet). The Chicago metropolitan area, in which the Walworth West submarket is situated, is a major economic hub in the Midwest, spanning over 10 counties and covering approximately 10,874 square miles. With a population of over 9.5 million people, the market is driven by a diverse range of industries, including manufacturing, logistics, and healthcare. The region has experienced steady job growth and population growth, with many companies relocating to the area due to its strategic location

Market Context

This industrial in Whitewater, WI is listed for sale. It is offered at an approximate 9.3% capitalization rate, a key benchmark for income-producing industrial assets. The building dates to 1970. Compare it against other industrial listings for sale in Whitewater, WI — view the full market.

Contact

Explore this market

Similar Industrial Property for Sale in Wisconsin