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United States Postal Service

$1,550,000

11015 West Oklahoma Avenue, Milwaukee, WI 53227

Active
Last Updated: 06/25/2025

6.77

Cap Rate

104,785

NOI

Details:
Cap Rate:    6.77%
NOI:    $104,785
Building Size:    8,732 sqft
Lot Area:    1.936 acres
Occupancy:    100%
Lease Type:    Modified Gross
Year Built:    1965
Price Per Sqft:    $177.51
Zoning:    G2 - COMMERCIAL
Tenancy:    Single
Gross Leaseable Area:    8,732
Investment Strategy:    Core
Highlights:
  • 100% Occupied by the United States Postal Service (USPS)
  • 8,732 SF Footprint with Strategic Visibility
  • Built-In Market Rent Upside
  • Strong Co-Tenancy with High-Traffic Ace Hardware
  • Residual Redevelopment or Re-Tenanting Upside
  • Highly Trafficked, Visibility-Rich Corridor
Description:

Invest in this prime investment opportunity at USPS - 11015 W Oklahoma Ave, West Allis WI. The property features an 8,732 SF condo unit within a retail strip anchored by Ace Hardware, offering a solid 6.77% cap rate and $104,785 in Year 1 NOI. Occupied by the United States Postal Service, the location benefits from its mission-critical government tenant and co-tenancy with a high-traffic Ace Hardware, attracting over 235,000 annual visits. The site's strategic visibility along Oklahoma Avenue, with 13,500 VPD, presents excellent traffic exposure. With potential for residual redevelopment or re-tenanting, the property offers market rent upside with a five-year renewal option. If USPS vacates, the 8,732 SF box is ideal for service-based, medical, or retail replacement tenants. Situated near major commuter corridors, including U.S. Highway 41/I-894, this property is a compelling investment with both stability and growth opportunities. Secure a reliable income stream with significant upside potential at this sought-after location.

Map:
Documents:
Title
USPS-_West_Allis_OM_Final.pdf
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Location
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