Marcus & Millichap announced the sale of Warwick Business Court, a 24,500-square-foot office property located in Racine, Wisconsin for $3.425 million. Investment specialists Brett Rodgers, Frank Roti and Alex Sacks from Marcus & Millichap’s Chicago Downtown office had the exclusive listing to market the property on behalf of its seller – a limited liability company. The buyer was secured by Rodgers, Roti and Sacks as well as Vice President and Regional Manager Todd Lindblom from Marcus & Millichap’s Milwaukee and Minneapolis offices who assisted in closing this transaction.
Warwick Business Court is situated at 1135-1151 Warwick Way with 89 percent occupancy at time of sale anchored by three credit rated medical tenants. Originally constructed in 2000 with renovations within recent years completed prior to sale date; this location provides an ideal investment opportunity for private investors alike looking to capitalize on existing tenant base while adding value through additional leasing activity or capital improvements over time .
