N60W14434 Kaul Ave — Sale in Menomonee Falls, WI

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Office
  • Location: Menomonee Falls, WI 53051
  • Year built: 1989

Photos

N60W14434 Kaul Ave — Sale in Menomonee Falls, WI, photo 1 of 2
N60W14434 Kaul Ave — Sale in Menomonee Falls, WI, photo 2 of 2

Investment Figures

Cap rate
7.95%

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

This investment offers a 15,365 square foot 100 percent leased multi-tenant industrial asset located in Menomonee Falls, Wisconsin, one of the most sought-after industrial submarkets in Waukesha County with approximately 1.5 percent small bay industrial vacancy rates. Constructed in 1989, the property features a diversified three tenant mix across four suites and has maintained 100 percent occupancy since inception, providing investors with stable, in-place cash flow and minimal rollover risk. The building is well-configured for small-bay users, offering six drive-in doors, 16-foot and seven-inch clear heights, and separately metered units, making it highly functional and attractive to a broad tenant base. The asset generates $174,215 in current gross rental income, equating to $11.34 per square foot, and produces a Net Operating Income of approximately $133,155 ($8.67 per square foot). With staggered lease expirations and a history of long-term tenancy, the property offers both income stability and future mark-to-market upside. Strategically positioned just four minutes from Interstate 41, the property benefits from excellent regional connectivity and access to Milwaukee’s primary industrial corridors. The surrounding submarket continues to experience strong tenant demand, low vacancy, and limited new supply, supporting long-term rent growth and asset appreciation. Recent capital improvements, including a new roof and parking lot (2018), contribute to the property’s turnkey nature and reduced near-term capital expenditure requirements. Investment Highlights: • One Hundred Percent Leased Multi-Tenant Industrial in Waukesha County, WI with Two Percent Industrial Vacancy. • Outdoor Storage Capabilities for a Large Range of Tenants | Four Minutes Off I-41. • Long Term Tenants with an Average Occupancy of More Than Eight Years and Over $146K CAPX Since 2016.

Market Context

This office in Menomonee Falls, WI is listed for sale. It is offered at an approximate 8.0% capitalization rate, a key benchmark for income-producing office assets. The building dates to 1989. Compare it against other office listings for sale in Menomonee Falls, WI — view the full market.

As of Q1 2026, the Milwaukee office market showed average asking rents near $22.85/SF/yr, and rents up 2.9% year over year. Source: multiple brokerage reports, Q1 2026.

Rising rents point to a competitive market where well-priced, well-located assets trade quickly.

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