Waukesha Industrial Portfolio — Sale in Sussex, WI

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Industrial Property
  • Location: Sussex, WI 53089
  • Year built: 1990

Photos

Waukesha Industrial Portfolio — Sale in Sussex, WI, photo 1 of 3
Waukesha Industrial Portfolio — Sale in Sussex, WI, photo 2 of 3
Waukesha Industrial Portfolio — Sale in Sussex, WI, photo 3 of 3

Investment Figures

Cap rate
7.41%

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 exclusively offer the Waukesha Industrial Portfolio, a 100 percent-leased, 38-suite industrial portfolio totaling 152,275 Square Feet across eight buildings in Waukesha County, Wisconsin. The portfolio is diversified across five infill submarkets within Greater Milwaukee and features granular tenancy, with no tenant accounting for more than 10% of portfolio rent. The portfolio is offered at $18,000,000, or $118.20 per square foot, representing a 7.41 percent in-place cap rate on $1,333,868 of annualized NOI. Pro forma NOI increases to $1,418,295, representing a 7.88 percent cap rate, driven primarily by contractual rent escalations through August 2027. The rent roll provides near-term mark-to-market upside, with approximately 72,500 SF rolling in 2026–2027 and in-place average base rent of $9.07 per Square Foot. Six of the eight buildings operate under triple-net lease structures with disciplined CAM recovery. Additional upside exists through WestAve CAM true-up, Travis NN-to-NNN conversion at renewal, and potential property tax contest recoveries not underwritten in the base pricing. The portfolio may be acquired in full or through defined offering packs: Singles, Two-Pack, and Four-Pack. Investment Highlights: • 100 percent-leased, 38-suite industrial portfolio totaling 152,275 Square Feet across Eight buildings in five tight Waukesha County submarkets. • $18.0 Million offering price with $1.33 Million in-place NOI, 7.41 percent in-place cap, and a clear path to $1.42 Million / 7.88 percent pro forma NOI. • 38 tenancies across Eight assets, with no tenant exceeding 10% of portfolio rent; largest tenant is 9.6 percent. • Triple Net Lease-dominant structure: six of eight buildings are triple-net; Travis Double Net leases and WestAve CAM true-up create renewal upside. • Flexible acquisition structure: buy full portfolio at $18.0 Million, Singles at $6.75 Million, Two-Pack at $2.45 Million, or Four-Pack at $8.80 Million. • Additional

Market Context

This industrial in Sussex, WI is listed for sale. It is offered at an approximate 7.4% capitalization rate, a key benchmark for income-producing industrial assets. The building dates to 1990. Compare it against other industrial listings for sale in Sussex, WI — view the full market.

As of Q2 2026, the Milwaukee industrial market showed a 4.3% vacancy rate, and average asking rents near $5.95/SF/yr. Source: multiple brokerage reports, Q2 2026.

Tight vacancy keeps competition for quality space elevated.

Industrial market FAQ

Is the Milwaukee industrial market tightening or softening?
Vacancy is around 4.3% (Q2 2026).

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