Short Sale | Office Opportunity in Infill Suburban Location

Honey Creek I (Milwaukee, WI)

Investment Highlights

Strong History of Retention & Commitment to the Property: All tenants reaffirmed their commitment post-COVID through lease renewals, delivering 13.2 years of weighted average occupancy. Immediate In-Place Cash Flow with a Significant Upside Opportunity: At nearly 40% leased, with no leases rolling within the first three years, the Property provides investors with immediate cash flow while offering a significant upside trough leasing up of remaining vacancy. Flexible Floorplate Design with Efficient Multi-Tenant Ability: Rectangular floor layout with central-core design enables efficient multi-tenant configurations, providing exceptional leasing flexibility to accommodate diverse tenant requirements. Prime Location Just Minutes From Downtown Milwaukee & the Village of Wauwatosa: Direct I-94 freeway access with high-traffic visibility in Wauwatosa, just 15 minutes from downtown Milwaukee.

Combines suburban walkability with seamless access to Milwaukee's major business districts and amenities. Convenient Access to the Best Area Amenities: Located within Honey Creek Corporate Center, a 440,000 SF Class-A campus featuring park-like setting, onsite restaurant, fitness facility, and abundant parking, with a convenient access to the Brookfield Square Mall, Brookfield Conference Center, Milwaukee County Zoo, American Family Field stadium, multiple country clubs, hotels, and numerous restaurants. Substantial Discount to Replacement Costs: The replacement cost of similarly located asset would be in excess of $475 per square foot.

The Offering

Jones Lang LaSalle Americas, Inc. (“JLL”), as exclusive advisor, in conjunction with RealINSIGHT Marketplace, is pleased to exclusively offer for sale the fee-simple ownership interest in Honey Creek Corporate Center I (the “Property”, "Honey Creek I").

Honey Creek I is a Class A office building located within the 25.7-acre master-planned Honey Creek Corporate Center development situated adjacent to I-94 with convenient freeway access, the Property is conveniently situated just 15-minutes west of downtown Milwaukee. Constructed in 1997, the Property features four stories of office space totaling 123,903 rentable square feet ("RSF") with underground heated executive parking and storage space. At nearly 40% leased, with no leases rolling within the next three years, the Property provides investors with immediate cash flow while offering significant upside through lease-up of remaining vacancy. All existing tenants have reaffirmed their commitment to the building through lease renewals that occurred post-COVID. This is proven by 13.2 years of weighted average occupancy at the building. The Property lies along the north side of I-94 at the northwest quadrant of the I-94 and S. 84th Street Interchange, which provides incredible access to both downtown Milwaukee and General Mitchell Airport. Honey Creek I's location also provides convenient access to the Brookfield Square Mall, Brookfield Conference Center, Milwaukee County Zoo, American Family Field stadium, multiple country clubs, hotels, and numerous restaurants.

Auctioneer: Lamar P. Fisher Fisher Auction Company Inc. License: 2876-52.