News

MLG Capital Sells Metro Milwaukee, WI Retail Center

MLG Capital, the premier outsourced investment manager in private real estate for Investment Advisors, Family Offices and High Net Worth Individuals since 1987, announced its most recent sale of a retail asset located in Metro Milwaukee, WI. The asset includes ±240,000 sf of retail situated near Interstate 43.

Counting money invested into improvements to the property, revenue generated by the leasing, proceeds from the sales and all the other financials, the MLG Capital fund exited the deal with a 15.82% internal rate of return, or IRR. For each $1 invested, $1.57 was produced said David Binder, Vice President  at MLG Capital.

Sale Highlights:

Purchase Price: $33.5M

Sale Price: $39.5M

Great value-add potential – acquired with 40% of Rent Roll which expired in first 14 months. And had opportunity to sell individual buildings.

Back-filled space with two new anchor tenants.

Executed the business plan according to plan, by re-tenanting within 2 years of ownership.

Investment Insights to Keep You Ahead

EXPLORE MORE INSIGHTS
  • news image
    Social Responsibility

    The MAD Initiative: Notre Dame School of Milwaukee

    By Jade Hendricks
  • News & Events

    Wisconsin firm pays $51.1M for Denver apartments

    The Lowry North apartments at 8001 E. 11th Ave. sold to MLG Capital, a Wisconsin-based real estate investment firm. Mitch Faccio, senior vice president at MLG Capital, said in a...

  • news image
    Thought Leadership

    How to Prepare for Tax Season: 2023 Edition

    Tax season is upon us! At MLG Capital, we know how important the benefits of tax can be for real estate investments. It’s important to us that our investors understand...