12
414.271.1111 | www.founders3.com Information shown herein was provided by Seller/Lessor and/or third parties and has not been verified by the broker unless otherwise indicated. BRASS LIGHT GALLERY 324 N 12TH STREET MILWAUKEE WI 53233 FOR SALE Property Highlights Iconic Menomonee Valley Building Excellent access to the Interstate 52 stall parking lot Income in place Seller will lease back 25,000-35,000 SF from new owner Specifications AVAILABLE SPACE 162,600 SF Gross Building Area 162,600 SF Parcel Size 1.659 acres Parking Lot 52 surface stalls Sale Price $3,850,000 Contact Scott Revolinski 414.249.2340 [email protected] Brett Deter 414.249.2313 [email protected] Patti Stevens 414.249.2318 [email protected]

FOR SALE BRASS LIHT ALLERY 324 N 12TH STREET …...dn scale: overall 3rd floor plan 1/16"= 1'-0" warehouse dn 94'-10 19 256 " 24'-4" 35'-0" 10'-8" 24'-10" dn up 6'-0" storage warehouse

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Page 1: FOR SALE BRASS LIHT ALLERY 324 N 12TH STREET …...dn scale: overall 3rd floor plan 1/16"= 1'-0" warehouse dn 94'-10 19 256 " 24'-4" 35'-0" 10'-8" 24'-10" dn up 6'-0" storage warehouse

414.271.1111 | www.founders3.comInformation shown herein was provided by Seller/Lessor and/or third parties and has not been verified by the broker unless otherwise indicated.

BRASS LIGHT GALLERY324 N 12T H S T R E E TM I LWA U K E E W I 53233

F O R S A L E

Property Highlights

• Iconic Menomonee Valley Building• Excellent access to the Interstate• 52 stall parking lot• Income in place• Seller will lease back 25,000-35,000 SF from

new owner

Specifications

AVAILABLE SPACE 162,600 SFGross Building Area 162,600 SF

Parcel Size 1.659 acresParking Lot 52 surface stallsSale Price $3,850,000

Contact

Scott [email protected]

Brett [email protected]

Patti [email protected]

Page 2: FOR SALE BRASS LIHT ALLERY 324 N 12TH STREET …...dn scale: overall 3rd floor plan 1/16"= 1'-0" warehouse dn 94'-10 19 256 " 24'-4" 35'-0" 10'-8" 24'-10" dn up 6'-0" storage warehouse

414.271.1111 | www.founders3.comInformation shown herein was provided by Seller/Lessor and/or third parties and has not been verified by the broker unless otherwise indicated.

BRASS LIGHT GALLERY324 N 12T H S T R E E TM I LWA U K E E W I 53233

F O R S A L E

P R O P E R T Y S U M M A RY

Building One

Size 91,182 SF

Built 1952

Floors Three (3); 30,394 SF Each

Construction Poured Concrete

Roof Composite

Ceiling Height 1st Floor: 15’ 2nd Floor: 14’ 3rd Floor: 13’

Dimensions 167’ x 182’

Column Spacing 23’ x 26’

Loading Docks Three (3) Recessed

Freight Elevator 8,000 lb Capacity

Sprinkler Wet System

Heat City steam heat and gas fired units throughout

Building Two

Size 67,692 SF

Built 1878

Floors Two (2); 33,846 SF Each

Construction Mill (Wood Beams & Floors)

Ceiling Height 1st Floor: 14’

2nd Floor: 14’

Dimensions 180’ x 194’

Column Spacing Varies

Drive-In Doors Two (2) Recessed

Sprinkler Wet System

Heat City steam heat and gas fired units throughout

2018 Taxes $51,936.39

Current Tenants: Brass Light

Prostar Surfaces Space: 10,822 SF (1st Floor)

Page 3: FOR SALE BRASS LIHT ALLERY 324 N 12TH STREET …...dn scale: overall 3rd floor plan 1/16"= 1'-0" warehouse dn 94'-10 19 256 " 24'-4" 35'-0" 10'-8" 24'-10" dn up 6'-0" storage warehouse

414.271.1111 | www.founders3.comInformation shown herein was provided by Seller/Lessor and/or third parties and has not been verified by the broker unless otherwise indicated.

BRASS LIGHT GALLERY324 N 12T H S T R E E TM I LWA U K E E W I 53233

F O R S A L E

S I T E P L A N

Page 4: FOR SALE BRASS LIHT ALLERY 324 N 12TH STREET …...dn scale: overall 3rd floor plan 1/16"= 1'-0" warehouse dn 94'-10 19 256 " 24'-4" 35'-0" 10'-8" 24'-10" dn up 6'-0" storage warehouse

414.271.1111 | www.founders3.comInformation shown herein was provided by Seller/Lessor and/or third parties and has not been verified by the broker unless otherwise indicated.

BRASS LIGHT GALLERY324 N 12T H S T R E E TM I LWA U K E E W I 53233

F O R S A L E

F I R S T F LO O R P L A N

UP

UP

DN

SCALE:

OVERALL GROUND FLOOR PLAN1/16" = 1'-0"

3'-9

"

6'-7

"

WAREHOUSE

DN

UP

UP

WAREHOUSE

16'-7

"

9'-1

0"MECHANICALS

RAM

P DN

24'-2"9'-312"8'-7"

2'-1

0"

UP

DN

STORAGE

STORAGE

CONFERENCE

RAM

P DN

WAREHOUSE

RECESSED FLOOR

6' STEPUP

DN

UP

10'-0

"

13'-8

"

21'-8"

RAM

P DN

STEP UP

14'-4"

18'-2

"

15'-4

"

18'-0" 10'-0

"5'

-11"

62'-3

1 2"

53'-612"

14'-1"

VESTIBULE VESTIBULE

TENANT

DOCKS

7'-5

"

14'-4"

OFFICE

OFFICE

OFFICE

KITCHEN

OFFICEOFFICE

CONFERENCE

OFFICE

EXISTINGSAFE

STORAGE

SOFF

IT L

INE

ABOV

E

16'-7

"

MECHANICAL MEZZ ABOVE

OPEN ABOVE

STEP

UP

STEP UP

6'-5"

OFFICE

STORAGESTORAGE

STORAGE

STORAGE

BREAK

MECHANICALS

DOCKS

WAREHOUSE

CAFE

STORAGE

STEP UP

STEP

UP

48" STEP UP

DAMAGED FLOOR

SPACE INVENTORYRoom name Space Type AreaSTAIRCOMMONCOMMON RECEIVINGCOMMONSTAIRELEVATORSTAIRCOMMON MEZZMEP/FPPROSTARBRASS LIGHTBRASS LIGHTBRASS LIGHTAVAILABLE

CommonCommonCommonCommonCommonCommonCommonCommonCommon RestrictedTENANTTENANT BLGTENANT BLGTENANT BLGTENANT UNASSIGNED

200 SF6204 SF360 SF

4259 SF153 SF229 SF219 SF

1344 SF1385 SF

11145 SF23935 SF

599 SF677 SF

12808 SF63516 SF

PROSTAR

AVAILABLE

COMMON

MEP/FPCOMMON RECEIVING

STAIR

STAIR

BRASS LIGHT

COMMON

STAIR

ELEVATOR

BRASS LIGHT

LIGHT STORAGEMEZZANINE

181'

-6"

166'-812"

24'-712" 23'-5" 23'-5" 23'-5" 23'-5" 23'-5" 24'-31

2" 412"

9"14

'-8"

11'-7

1 2"25

'-6"

25'-6

"25

'-6"

25'-6

"25

'-6"

26'-3

1 2"9"

26'-2"12'-10"15'-1"22'-3"16'-0"16'-0"31'-9"18'-0"22'-0"

19'-2"7'-0"18'-0"16'-0"16'-2"16'-0"16'-0"31'-9"18'-0"22'-0"11'-0

"39

'-3"

20'-1

0"19

'-11"

20'-0

"20

'-0"

17'-1

0"13

'-8"

17'-6

"16

'-2"

1'-4

"2'

-4"

180'-1"

21'-9

1 2"20

'-6"

16'-0

"16

'-0"

16'-0

"29

'-5"

13'-4

"

35'-8

1 2"16

'-5"

13'-1

0"12

'-10"

11'-0

"8'

-8"

12'-5

"

38'-0"

10'-11"

32'-1

"

12'-2

"2'

-8"

16'-4

"2'

-8"

DN

DN

UP

UP

SCALE:

MEZZANINE FLOOR PLAN1/16" = 1'-0"

LOCK

ERS

LOCK

ERS

LOCK

ERS

LOCK

ERS

SHOWERS

CAB

CAB

I.T.

RAM

P DN

LOCKERS

COMMON MEZZ

0018-12

A2.10

2018-06-27

PROPOSED PLANS FIRST &MEZZANINE

MILWAUKEE WI 53233

BLG PROPERTY

Issue Set:Date:

Project:

Date:

Project No.:

Sheet No.:

Sheet:

Location:

the C

onso

rtiu

m ae

LLC

735

N W

ater

Sui

te 1

228

|

Milw

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W

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02

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sort

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ae.c

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T E

L E

P H

O N

E

4 1

4 .

4 0

6 . 7

6 2

5

324 N 12TH STREET1101 W ST PAUL AVE1127 W ST PAUL AVE

Page 5: FOR SALE BRASS LIHT ALLERY 324 N 12TH STREET …...dn scale: overall 3rd floor plan 1/16"= 1'-0" warehouse dn 94'-10 19 256 " 24'-4" 35'-0" 10'-8" 24'-10" dn up 6'-0" storage warehouse

414.271.1111 | www.founders3.comInformation shown herein was provided by Seller/Lessor and/or third parties and has not been verified by the broker unless otherwise indicated.

BRASS LIGHT GALLERY324 N 12T H S T R E E TM I LWA U K E E W I 53233

F O R S A L E

S E C O N D F LO O R P L A N

SCALE:

OVERALL 2ND FLOOR PLAN1/16"=1'-0"

WAREHOUSE

DN

UP

OPEN TO BELOW

OPEN TO BELOW

OPEN TO BELOW

WAREHOUSE

19'-1

"13

'-1"

10'-1

1"

9"

21'-1

"

9"

21'-1

"

10'-7

"28

'-8"

15'-3

"

31'-0"

STORAGE

SHOWROOM

SHOWROOM

WAREHOUSE

ELECTRICALEQUIPMENT

EQUIPMENT

STORAGE

EQUIPMENT

EQUI

PMEN

T

AVAILABLE

AVAILABLE

EGRESS

ELEVATOR

STAIR

STAIR

AVAILABLE

STAIR

AVAILABLE

STAIR

SPACEINVENTORY

Room name Space Type AreaSTAIREGRESSSTAIRELEVATORSTAIRSTAIRAVAILABLEAVAILABLEAVAILABLEAVAILABLE

CommonCommonCommonCommonCommonCommonTENANT UNASSIGNEDTENANT UNASSIGNEDTENANT UNASSIGNEDTENANT UNASSIGNED

306 SF146 SF142 SF165 SF191 SF200 SF

26174 SF3192 SF1176 SF

28351 SF60042 SF

0018-12

A2.20

2018-06-27

PROPOSED PLAN SECONDFLOOR

MILWAUKEE WI 53233

BLG PROPERTY

Issue Set:Date:

Project:

Date:

Project No.:

Sheet No.:

Sheet:

Location:

the C

onso

rtiu

m ae

LLC

735

N W

ater

Sui

te 1

228

|

Milw

auke

e |

W

I 532

02

| G

regg

Pro

ssen

, Prin

cipa

lw

ww

.con

sort

ium

ae.c

om

T E

L E

P H

O N

E

4 1

4 .

4 0

6 . 7

6 2

5

324 N 12TH STREET1101 W ST PAUL AVE1127 W ST PAUL AVE

Page 6: FOR SALE BRASS LIHT ALLERY 324 N 12TH STREET …...dn scale: overall 3rd floor plan 1/16"= 1'-0" warehouse dn 94'-10 19 256 " 24'-4" 35'-0" 10'-8" 24'-10" dn up 6'-0" storage warehouse

414.271.1111 | www.founders3.comInformation shown herein was provided by Seller/Lessor and/or third parties and has not been verified by the broker unless otherwise indicated.

BRASS LIGHT GALLERY324 N 12T H S T R E E TM I LWA U K E E W I 53233

F O R S A L E

T H I R D F LO O R P L A N

DN

SCALE:

OVERALL 3RD FLOOR PLAN1/16"= 1'-0"

WAREHOUSE

DN

94'-1

019 25

6"

24'-4"

35'-0

"

10'-8"

24'-1

0"

DN

UP

6'-0

"

STORAGE

WAREHOUSE

TENANT

EQUIPMENT

CHAIN LINK FENCE

RESTRICTED RESTRICTED

RESTRICTED

COMMON

STAIR

AVAILABLE

AVAILABLE P SCHLASSLER

EPIC

AVAILABLEA.F.T.

AVAILABLE

STAGE SOFT

0018-12

A2.30

2018-06-27

PROPOSED PLAN THIRDFLOOR

MILWAUKEE WI 53233

BLG PROPERTY

Issue Set:Date:

Project:

Date:

Project No.:

Sheet No.:

Sheet:

Location:

the C

onso

rtiu

m ae

LLC

735

N W

ater

Sui

te 1

228

|

Milw

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W

I 532

02

| G

regg

Pro

ssen

, Prin

cipa

lw

ww

.con

sort

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om

T E

L E

P H

O N

E

4 1

4 .

4 0

6 . 7

6 2

5

324 N 12TH STREET1101 W ST PAUL AVE1127 W ST PAUL AVE

Page 7: FOR SALE BRASS LIHT ALLERY 324 N 12TH STREET …...dn scale: overall 3rd floor plan 1/16"= 1'-0" warehouse dn 94'-10 19 256 " 24'-4" 35'-0" 10'-8" 24'-10" dn up 6'-0" storage warehouse

414.271.1111 | www.founders3.comInformation shown herein was provided by Seller/Lessor and/or third parties and has not been verified by the broker unless otherwise indicated.

BRASS LIGHT GALLERY324 N 12T H S T R E E TM I LWA U K E E W I 53233

F O R S A L E

LO W E R L E V E L F LO O R P L A N

181'

-6"

166'-812"

24'-712" 23'-5" 23'-5" 23'-5" 23'-5" 23'-5" 24'-31

2" 412"

9"14

'-8"

11'-7

1 2"25

'-6"

25'-6

"25

'-6"

25'-6

"25

'-6"

26'-3

1 2"9"

26'-2"12'-10"15'-1"22'-3"16'-0"16'-0"31'-9"18'-0"22'-0"

19'-2"7'-0"18'-0"16'-0"16'-2"16'-0"16'-0"31'-9"18'-0"22'-0"11'-0

"39

'-3"

20'-1

0"19

'-11"

20'-0

"20

'-0"

17'-1

0"13

'-8"

17'-6

"16

'-2"

1'-4

"2'

-4"

180'-1"

21'-9

1 2"20

'-6"

16'-0

"16

'-0"

16'-0

"29

'-5"

13'-4

"

35'-8

1 2"16

'-5"

13'-1

0"12

'-10"

11'-0

"8'

-8"

12'-5

"

UP

SCALE:

OVERALL BASEMENT PLAN1/16" = 1'-0"

UP

UP

BASEMENT

BASEMENT

STAIR

BRASS LIGHT

NOTE: THIS SPACE HAS A 6'-0" CEILING CLEARANCE OR LESS6'-7" CEILING IS CONSIDERED HABITABLE AREA

0018-12

A2.00

2018-06-27

PROPOSED PLANS -LOWER LEVEL

MILWAUKEE WI 53233

BLG PROPERTY

Issue Set:Date:

Project:

Date:

Project No.:

Sheet No.:

Sheet:

Location:

the C

onso

rtiu

m ae

LLC

735

N W

ater

Sui

te 1

228

|

Milw

auke

e |

W

I 532

02

| G

regg

Pro

ssen

, Prin

cipa

lw

ww

.con

sort

ium

ae.c

om

T E

L E

P H

O N

E

4 1

4 .

4 0

6 . 7

6 2

5

324 N 12TH STREET1101 W ST PAUL AVE1127 W ST PAUL AVE

Page 8: FOR SALE BRASS LIHT ALLERY 324 N 12TH STREET …...dn scale: overall 3rd floor plan 1/16"= 1'-0" warehouse dn 94'-10 19 256 " 24'-4" 35'-0" 10'-8" 24'-10" dn up 6'-0" storage warehouse

414.271.1111 | www.founders3.comInformation shown herein was provided by Seller/Lessor and/or third parties and has not been verified by the broker unless otherwise indicated.

BRASS LIGHT GALLERY324 N 12T H S T R E E TM I LWA U K E E W I 53233

F O R S A L E

E X T E R I O R P H OTO S

Page 9: FOR SALE BRASS LIHT ALLERY 324 N 12TH STREET …...dn scale: overall 3rd floor plan 1/16"= 1'-0" warehouse dn 94'-10 19 256 " 24'-4" 35'-0" 10'-8" 24'-10" dn up 6'-0" storage warehouse

414.271.1111 | www.founders3.comInformation shown herein was provided by Seller/Lessor and/or third parties and has not been verified by the broker unless otherwise indicated.

BRASS LIGHT GALLERY324 N 12T H S T R E E TM I LWA U K E E W I 53233

F O R S A L E

I N T E R I O R P H OTO S

Page 10: FOR SALE BRASS LIHT ALLERY 324 N 12TH STREET …...dn scale: overall 3rd floor plan 1/16"= 1'-0" warehouse dn 94'-10 19 256 " 24'-4" 35'-0" 10'-8" 24'-10" dn up 6'-0" storage warehouse

414.271.1111 | www.founders3.comInformation shown herein was provided by Seller/Lessor and/or third parties and has not been verified by the broker unless otherwise indicated.

BRASS LIGHT GALLERY324 N 12T H S T R E E TM I LWA U K E E W I 53233

F O R S A L E

A E R I A L & LO C AT I O N

Page 11: FOR SALE BRASS LIHT ALLERY 324 N 12TH STREET …...dn scale: overall 3rd floor plan 1/16"= 1'-0" warehouse dn 94'-10 19 256 " 24'-4" 35'-0" 10'-8" 24'-10" dn up 6'-0" storage warehouse

414.271.1111 | www.founders3.comInformation shown herein was provided by Seller/Lessor and/or third parties and has not been verified by the broker unless otherwise indicated.

BRASS LIGHT GALLERY324 N 12T H S T R E E TM I LWA U K E E W I 53233

F O R S A L E

A E R I A L & LO C AT I O N

Demographics

1 MILE 3 MILE 5 MILE

Population 25,064 223,709 473,438

AVG HH Income $32,067 $32,417 $41,112

Page 12: FOR SALE BRASS LIHT ALLERY 324 N 12TH STREET …...dn scale: overall 3rd floor plan 1/16"= 1'-0" warehouse dn 94'-10 19 256 " 24'-4" 35'-0" 10'-8" 24'-10" dn up 6'-0" storage warehouse

414.271.1111 | www.founders3.comInformation shown herein was provided by Seller/Lessor and/or third parties and has not been verified by the broker unless otherwise indicated.

S TAT E O F W I S C O N S I N BROKER DISCLOSURE

N O N - R E S I D E N T I A L C U S TO M E R S

Disclosure to CustomersYou are a customer of the brokerage firm (hereinafter Firm). The Firm is either an agent of another party in the transaction or a subagent of another firm that is the agent of another party in the transaction. A broker or a salesperson acting on behalf of the Firm may provide brokerage services to you. Whenever the Firm is providing brokerage services to you, the Firm and its brokers and salespersons (hereinafter Agents) owe you, the customer, the following duties:

• The duty to provide brokerage services to you fairly and honestly.

• The duty to exercise reasonable skill and care in providing brokerage services to you.

• The duty to provide you with accurate information about market conditions within a reasonable time if you request it, unless disclosure of the information is prohibited by law.

• The duty to disclose to you in writing certain Material Adverse Facts about a property, unless disclosure of the information is prohibited by law.

• The duty to protect your confidentiality. Unless the law requires it, the Firm and its Agents will not disclose your confidential information or the confidential information of other parties.

• The duty to safeguard trust funds and other property held by the Firm or its Agents.

• The duty, when negotiating, to present contract proposals in an objective and unbiased manner and disclose the advantages and disadvantages of the proposals.

Please review this information carefully. An Agent of the Firm can answer your questions about brokerage services, but if you need legal advice, tax advice, or a professional home inspection, contact an attorney, tax advisor, or home inspector. This disclosure is required by section 452.135 of the Wisconsin statutes and is for information only. It is a plain-language summary of the duties owed to a customer under section 452.133(1) of the Wisconsin statutes.

Confidentiality Notice to CustomersThe Firm and its Agents will keep confidential any information given to the Firm or its Agents in confidence, or any information obtained by the Firm and its Agents that a reasonable person would want to be kept confidential, unless the information must be disclosed by law or you authorize the Firm to disclose particular information. The Firm and its Agents shall continue to keep the information confidential after the Firm is no longer providing brokerage services to you.

The following information is required to be disclosed by law:

1. Material Adverse Facts, as defined in section 452.01(5g) of the Wisconsin Statutes (see “Definition of Adverse Facts” below).

2. Any facts known by the Firm or its Agents that contradict any information included in a written inspection report on the property or real estate is the subject of the transaction.

To ensure that the Firm and its Agents are aware of what specific information you consider confidential, you may list that information below or provide that information to the Firm or its Agents by other means. At a later time, you may also provide the Firm or its Agents with other information you consider to be confidential.

CONFIDENTIAL INFORMATION

NON-CONFIDENTIAL INFORMATION (the following information may be disclosed to the Firm and its Agents)

(Insert information you authorize to be disclosed, such as financial qualification information.)

Definition of Material Adverse Facts

A “Material Adverse Fact” is defined in Wis. Stat. 452.01(5g) as an Adverse Fact that a party indicates is of such significance, or that is generally recognized by a competent licensee as being of such significance to a reasonable party, that it affects or would affect the party’s decision to enter into a contract or agreement concerning a transaction or affects or would affect the party’s decision about the terms of such a contract or agreement.

An “Adverse Fact” is defined in Wis. Stat. 452.01(1e) as a condition or occurrence that a competent licensee generally recognizes will significantly and adversely affect the value of the property, significantly reduce the structural integrity of improvements to real estate, or present a significant health risk to occupants of the property; or information that indicates that a party to a transaction is not able to or does not intend to meet his or her obligations under a contract or agreement made concerning the transaction.

Notice About Sex Offender Registry

You may obtain information about the sex offender registry and persons registered with the registry by contacting the Wisconsin Department of Corrections on the Internet at http://www.doc.wi.gov or by telephone at 608-240-5830.

Wisconsin law requires all real estate licensees to give the following information about brokerage services to prospective customers.

Prior to negotiating on your behalf the Brokerage firm, or an agent associated with the firm, must provide you the following disclosure statement.

No representation is made as to the legal validity of any provision or the adequacy of any provision in any specific transaction.