Menomonee Falls Location: N79 W14700 Appleton Avenue, Menomonee Falls, WI 53051
Total Tenant Space: 11,609 sq. ft.
Occupied Space: 4,471 sq. ft.
Tenant Space Currently Available for Lease: 7,138 sq. ft. (four possible tenant locations available for lease)
Year Built: 2012
Stories: One (1)
For specific details regarding leasing, please contact Phil Eckert at 262.677.9933 or email him at pgeckert@design2construct.com
Click Here for Details and Printable PDF:
This is a brand new building currently under construction. Direct access off of Appleton Avenue makes this location perfect for any potential tenant. Located near many stores and businesses, this multi-tenant office building is sure to fill up quickly! Be sure to call today and reserve the space of your choice.
Once construction is complete, a chiropractic office will occupy 4,471 sq. ft. of the building, leaving 7,138 sq. ft. available for four possible tenant spaces. Attached floor plan provides additional detail for each proposed space. White box spaces can be adjusted and customized to fit your needs.
White Box:
Landlord typically provides each space in a standard ‘white box’ condition. Based on the tenant’s needs, the landlord may instead provide an allowance that represents the estimated cost of bringing the space to a standard “white box” condition. Tenant would be responsible for costs in excess of the white box finish. A cost estimate would be prepared for any interested tenant based on a preliminary space layout.
Standard white box includes:
• Standard Ceilings
• Concrete Floor
• Perimeter Wall(s)
• Restroom(s) as required by code
• HVAC Unit (sized to the white box space and distributed)
• Electric Service (distributed to the white box space per code)
• Fire Protection (for the white box space as required by code)
Available tenant spaces are ready for tenant finishes. The timing of occupancy is dependent upon receiving municipal approval(s), finalizing the layout, and building out the space, which varies based on the level of finishes desired by the tenant.
Lease Term:
The length of lease term is negotiable, with a minimum five year term required.
Annual base lease rates range from $13.50 to $14.50 per sq. ft. depending on the amount of leased space, the location of the space, and the lease term. Lease rates typically increase by 3% at the beginning of each new lease year.
Triple-Net:
Typical leases are structured on a “triple-net” basis, with shared expenses estimated between $3.50 and $4.00 per sq. ft. for the initial years of the lease. Shared expenses typically include, but are not limited to, common area maintenance costs, public utilities, insurance, and real estate taxes.
Again, thank you for your interest in this location. We are confident that the exposure this quality building will create for your business will make this a very attractive location for you.
Please contact Phil Eckert at 262.677.9933 or pgeckert@design2construct.com with any questions regarding this property. We look forward to hearing from you.