Living / Multi-housing

State Street Station

7400 W State St Wauwatosa, WI United States 53213-2714
Asking Price Contact for pricing
Area Size
NOI Net Operating Income N/A
NIY N/A

Documents

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Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.

Attributes

Year Built 2018
Building Area Net

Asset Description

JLL is pleased to present State Street Station, a spectacular 148-unit apartment building with in-demand retail located in Milwaukee’s prestigious Wauwatosa suburb. Setting a new bar for suburban living, this luxury community boasts gorgeous interiors, an out-sized amenity package, and urban excitement with local charm. At the heart of the majestic Village of Wauwatosa, State Street Station earns an impressive 87 Walk Score and is just 3 minutes from Milwaukee Regional Medical Center, a major metro employment hub. The award-winning building is posting record 13% rent growth on new leases and 99% occupancy.


This unbeatable investment opportunity also includes a $2.589M TIF reimbursement and is available on either a free & clear basis or with attractive assumable debt.

Investment Highlights

STELLAR PERFORMANCE

  • 99% Residential Occupancy
  • 100% Retail Occupancy & 5+ Years Weighted Average Lease Term
  • 13% Rent Growth on New Leases

PREFERRED LOCATION

  • 87 Walk Score
  • Heart of the Village of Wauwatosa steps to restaurants, Farmers Market, Oak Leaf Trail, & Hart Park
  • 10 minutes to downtown
  • 3 minutes to Milwaukee Regional Medical Center (17,000 employees)

AFFLUENT HEALTHCARE RENTERS

  • 45% of Residents Work in Healthcare & Life Sciences
  • $142,000 Avg Household Resident Income
  • 18% Rent-to-Income Ratio

SUPERIOR SUBURB

  • #13 Best Place to Live in Wisconsin
  • A+ Overall Niche.com Rating
  • 10% 2022 Proj. Rent Growth / 99% Submarket Occupancy
  • A Overall Public School Niche.com Rating
Last Updated Date: 11 Aug 2022

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Last Updated Date: 11 Aug 2022

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