FOR SALE OR LEASE 1601 N. CHICAGO AVE., SOUTH … · publik parking inc. 1601 north chicago avenue...

3
Chicago Ave PROPERTY OVERVIEW Just off corner of Rawson and Chicago Avenue. Owner would consider selling the business. Cell tower provides $9,000 worth of yearly income;15 year term remaining. + Sale price: $1,338,000 + Lease Rate: $2.75/SF NNN + Three buildings: 67,995 SF Total Building one/warehouse: 62,495 SF Building two/pole barn: 5,000 SF Building three/office: 500 SF + Construction: Metal + Year Built:1927 and 1963 CONTACT US SCOTT FURMANSKI First Vice President +1 414 274 1613 [email protected] KARL WIEDENMAN Senior Associate +1 414 274 1617 [email protected] www.cbre.com/milwaukee FOR SALE OR LEASE PUBLIK PARKING INC. 1601 NORTH CHICAGO AVENUE South Milwaukee, WI 53172 SITE

Transcript of FOR SALE OR LEASE 1601 N. CHICAGO AVE., SOUTH … · publik parking inc. 1601 north chicago avenue...

Page 1: FOR SALE OR LEASE 1601 N. CHICAGO AVE., SOUTH … · publik parking inc. 1601 north chicago avenue south milwaukee, wi 53172 site. property features building details + clear height:

© 2015 CBRE Limited. Data © TeleAtlas, Google, AerialExpress, DigitalGlobe, Landiscor, USGS, i-cubed. The information contained herein (the “Information”) is intended for informational purposes only and should not be relied upon by recipients hereof. Although the Information is believed to be correct, its accuracy, correctness or completeness cannot be guaranteed and has not been verified by either CBRE Limited or any of its affiliates (CBRE Limited and its affiliates are collectively referred to herein as “CBRE”). CBRE neither guarantees, warrants nor assumes any responsibility or liability of any kind with respect to the accuracy, correctness,completeness, or suitability of, or decisions based upon or in connection with, the Information. The recipient of the Information should take such steps as the recipient may deem appropriate with respect to using the Information. The Information may change and any property described herein may be withdrawn from the market at any time without notice or obligation of any kind on the part of CBRE. The Information is protected by copyright and shall be fully enforced. Layout ID: L10 MapId: 2784737

1601 N. CHICAGO AVE., SOUTH MILWAUKEE

Ch

icag

o A

ve

PROPERTY OVERVIEWJust off corner of Rawson and Chicago Avenue. Owner would consider selling the business. Cell tower provides $9,000 worth of yearly income;15 year term remaining.

+ Sale price: $1,338,000

+ Lease Rate: $2.75/SF NNN

+ Three buildings: 67,995 SF Total

− Building one/warehouse: 62,495 SF

− Building two/pole barn: 5,000 SF

− Building three/office: 500 SF

+ Construction: Metal

+ Year Built:1927 and 1963

CONTACT US

SCOTT FURMANSKIFirst Vice President+1 414 274 [email protected]

KARL WIEDENMANSenior Associate+1 414 274 [email protected]

www.cbre.com/milwaukee

FOR SALE OR LEASE

PUBLIK PARKING INC.1601NORTH CHICAGO AVENUESouth Milwaukee, WI 53172

SITE

Page 2: FOR SALE OR LEASE 1601 N. CHICAGO AVE., SOUTH … · publik parking inc. 1601 north chicago avenue south milwaukee, wi 53172 site. property features building details + clear height:

PROPERTY FEATURES

BUILDING DETAILS

+ Clear height:

− 24’ newest section/5 ton

− 21’ older section

+ Lighting: Metal halide

+ Power: 600 amp, 480v, 3 phase

+ Sprinkler: Dry system in warehouse

+ HVAC: Office only

+ Drive-in doors: Four (one 14’x 16’, one 16’ x 16’ and two 12’ x 16’)

+ Cranes: Four (one 1.5 ton, two 2-ton and one 5-ton)

+ 8” -10” concrete floors in warehouse

LAND DETAILS

+ 5.74 acres

+ Large fenced yard; ideal outside storage

+ Ample parking

+ 284’ of frontage on Chicago Avenue

+ Zoning M2

+ Property Taxes: $17,036.37

+ Tax key#: 7719988

© 2015 CBRE, Inc. The information contained in this document has been obtained from sources believed reliable. While CBRE, Inc. does not doubt its accuracy, CBRE, Inc. has not verified it and makes no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs. Photos herein are the property of their respective owners and use of these images without the express written consent of the owner is prohibited.

www.cbre.com/milwaukee

FOR SALE OR LEASEPUBLIK PARKING, INC.

1601NORTH CHICAGO AVENUE

South Milwaukee, WI 53172

PROPERTY PHOTOS

Page 3: FOR SALE OR LEASE 1601 N. CHICAGO AVE., SOUTH … · publik parking inc. 1601 north chicago avenue south milwaukee, wi 53172 site. property features building details + clear height:

STATE OF WISCONSIN BROKER DISCLOSURE

To Non-Residential Customers

Wisconsin Law requires all real estate licensees to give the following information about brokerage services to prospective customers.

Prior to negotiating on your behalf the Broker must provide you the following disclosure statement:BROKER DISCLOSURE TO CUSTOMERSYou are the customer of the broker. The broker is either an agent of another party in the transaction or a subagent of another broker who is the agent of another party in the trans-action. The broker, or a salesperson acting on the behalf of the broker, may provide brokerage services to you. Whenever the broker is providing brokerage services to you, the broker owes you, the customer the following duties:• The duty to prove brokerage services to you fairly and honestly.• The duty to exercise reasonable skill and care in providing brokerage services to you.• The duty to provide you with accurate information about market conditions within a reasonable time if you request it, unless disclosure of the information is prohibited by law.• The duty to disclose to you in writing certain material adverse facts about a property, unless disclosure of theinformationisprohibitedbylaw(see“Definition of Material Adverse Facts” below).• Thedutytoprotectyourconfidentiality.Unlessthe law requires it, the broker will not disclose your confidentialinformationofotherparties.• The duty to safeguard trust funds and other property the broker holds.• The duty, when negotiating, to present contract proposals in an objective and unbiased manner and disclose the advantages and disadvantages of the proposals.

Please review this information carefully. A broker or salesperson can answer your questions about brokerage services, but if you need legal advice, tax advice, or a professional home inspec-tion, contact an attorney, tax advisor, or home inspector.This disclosure is required by section 452.135 of the Wiscon-sin Statutes and is for information only. It is a plain language summary of a broker’s duties to a customer under section 452.133(I) of the Wisconsin Statutes.CONFIDENTIALITY NOTICE TO CUSTOMERSBrokerwillkeepconfidentialanyinformationgiventobrokerinconfidence,oranyinformationobtainedbybrokerthatheorshe knows a reasonable person would want to be kept con-fidentialbylaw,orauthorizethebrokertodiscloseparticularinformation. A broker shall continue to keep the information confidentialafterbrokerisnolongerprovidingbrokerageservices to you.

The following information is required to be disclosed by law.1. Materialadversefacts,asdefinedinsection 452.01(5g)oftheWisconsinstatutes(see“definition of material adverse facts” below).2. Any facts known by the broker that contradict any information included in a written inspection report on the property or real estate that is the subject of the transaction. To ensure that the broker is aware of what specificinformationbelow.Atalatertime,youmay also provide the broker with other information that you considertobeconfidential.CONFIDENTIAL INFORMATION:________________________________________________________________________________________________________NON-CONFIDENTIAL INFORMATION (The following information may be disclosed by Broker):________________________________________________________________________________________________________(Insertinformationyouauthorizetobrokertodisclosesuchasfinancial

qualificationinformation)

CONSENT TO TELEPHONE SOLICITATIONI/WeagreethattheBrokerandanyaffiliatedsettlementserviceproviders (for example, a mortgage company or title company) may call our/my home or cell phone numbers regarding issues, goods and services related to the real estate transaction until I/we withdraw this consent in writing. List Home/Cell Numbers:____________________________________________________SEX OFFENDER REGISTRYNotice: You may obtain information about the sex offender registry and persons registered with the registry by contacting the Wisconsin Department of Corrections on the internet at http://offender.doc.state.wi.us/public/ or by phone at (608)240-5830.DEFINITION OF MATERIAL ADVERSE FACTSA“materialadversefact”isdefinedinWis.Stat.452.01(5g)asanadversefactthatapartyindicatesisofsuchsignificance,orthatisgenerallyrecognizedbyacompetentlicenseeasbeingofsuchsignificatetoareasonablepartythatitaffectsor would affect the party’s decision to enter into a contract or agreement concerning a transaction or affects or would affect the party’s decision about the terms of such a contract or agreement.An“adversefact”isdefinedinWis.Stat.452.01(Ie) as a condition or occurrence that a competenet licensee generallyrecognizeswillsignificantlyadverselyaffectthevalueoftheproperty,significantlyreducethestructuralintegrityofim-provementstorealestate,orpresentasignificanthealthrisktooccupants of the property, or information that indicates that a party to a transaction is not able to or does not intend to meet his or her obligations under a contract or agreement made concerning the transaction.

No representation is made as to the legal validity of any provision ortheadequacyofanyprovisiononanyspecifictransaction.