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126K-SF Industrial Asset in Milwaukee Acquired by Brait Capital
CBRE has arranged the sale of a five-building, 126,335-square-foot flex industrial property in Milwaukee. Minnesota-based Brait Capital purchased the property from Oyster Two Wisconsin Owner, LLC, for $6 million.
CBRE’s Matson Holbrook, Sean Beuche and Patrick Gallagher represented the seller in the transaction. “This value-add investment opportunity generated a strong amount of interest across the Midwest and further afield,” said Holbrook. “We even saw an uptick in leasing activity during due diligence, which helped get the transaction to the finish line.”
Situated at 6601-6669 West Mill Road in the Milwaukee Northwest submarket, the property is minutes from Interstates 41 and 43 and offers convenient access to downtown Milwaukee. Built in 1987, the property features several dock-high and drive-in loading doors, and ample parking on a 10.05-acre site. The building was 67% occupied at the time of the sale.
