62,679± SF Office Complex in Franklin, Wisconsin

Investment Overview

Franklin Corporate Center is a 62,679± SF office property comprising twin three-story buildings, two parking lots and an additional land parcel, situated on 7.39± AC within the Franklin Business Park in Franklin, Wisconsin, a southern suburb of Milwaukee. Constructed in 1996 and 1998, the steel and masonry buildings are fully sprinklered and served by 196 surface parking spaces. The complex is 58% occupied by a tenant roster that includes the Transportation Security Administration, Tiger Aesthetics Medical and Griffin Purnell, LLC, with a weighted average lease term exceeding five years. Available suites range from 696± SF to 10,729± SF. The offering presents two paths to value. An investor can capture meaningful upside by leasing the remaining space to stabilize the asset, while an owner-user, including a non-profit organization, can occupy the available space and offset occupancy cost with in-place rental income. As the only standard office property in a business park that is otherwise industrial, the complex offers a distinct setting for office users, with convenient access to I-94 and I-894, approximately 10 minutes from Milwaukee Mitchell International Airport and 20 minutes from downtown Milwaukee.

Investment Highlights

• • 58% occupied, offering lease-up upside for investors or space for an owner-user
• • 5+ year WALT on in-place tenancy, including the Transportation Security Administration
• • Available suites from 696± SF to 10,729± SF
• • Only standard office property in the otherwise industrial Franklin Business Park
• • 10 minutes to Milwaukee Mitchell International Airport & 20 minutes to downtown Milwaukee