for lease menomonee valley facility 1230 w bruce street …€¦ · 1228-30 west bruce street, city...

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.

MENOMONEE VALLEY FACILITY1230 W B R U C E S T R E E TM I LWA U K E E, W I 53204

F O R L E A S E

Property Highlights

• Fenced Lot• Heavy Power• Located on the Burnham Canal of the

Menomonee River• Approx. 0.5 miles to full Interstate interchange• Outdoor storage• Located in Opportunity Zone: 55079186800

Specifications

AVAILABLE SPACE 44,660 SFGross Building Area 44,660 SFWarehouse “A” 26,867 SFWarehouse “B” 15,619 SFAdjacent Warehouse Bldg 900 SFZoning IH - Industrial HeavyTaxes (2019) $17,076.02Lease Rate $4.50 NNN

Contact

Brett [email protected]

Brian [email protected]

VIRTUAL TOUR

https://vimeo.com/427874666


F O R L E A S E


Lot Size 2.07 acres

Year Built Est. 1948

Building Size 44,660 SF (43,760 SF Main Bldg & 900 SF Warehouse)

Parking 30 surface spaces (expandable)

Construction Brick Masonry

Roof APP Torch Applied/Elastomeric Coating/Rubber Membrane

Clear Height 16’- 18’: Warehouse “A” (26,867 SF); 14’ - 16’: Warehouse “B” (15,619 SF)

Loading Exterior 900 SF Warehouse: One (1) 12’x14’ overhead door;

Warehouse “A”: One (1) 14’x14’, One (1) 8’ x 10’, and Three (3) 8’x8’ overhead doors;

Warehouse “B”: One (1) 15’ x 14’ interior dock with leveler, One (1) 8’ x 10’ overhead door

Sprinklers Dry sprinkler system

Floor Drains Yes in Warehouse “A”

Power 1600 amp, 480 volt, 3-phase, 3-wire

HVAC Gas-fired, Modine

Lighting LED/ and Fluorescent

Utilities City sewer and water

Warehouse “A” Office Space 1,274 SF

Restrooms Two (2) Men’s, Two (2) Women’s, One (1) Locker Room w/ showers

Zoning IH- Heavy Industrial

Tax Key 427-0427-000

Taxes (2019) $17,076.02

B U I L D I N G S P E C I F I C AT I O N S


F O R L E A S E


P H OTO S


F O R L E A S E


S I T E L AYO U T

BRUCE ST.

S 12

TH S

T.

BUILDING #1

BUILDING#2

Copyright 2018, Dan Beyer Architects

DATE: 12/06/2019 BRUCE STREET

Scale: 1" = 60'-0"

SSIITTEE AAEERRIIAALL


F O R L E A S E


F LO O R P L A N

Warehouse “A” - 26,867 SFFive Overhead Doors16’ - 18’ clear height

Warehouse “B” - 15,619 SFOne Overhead Door, One Dock

14’ - 16’ clear height


F O R L E A S E


S U R V E Y

BURNHAM CANAL

S. 1

3TH

ST.

W. BRUCE ST.

VICINITY MAP

SITE

TABLE "A" ITEMS11. Utility lines are shown from visible surface evidence, municipal plans and from plans and markings

provided by Diggers Hotline, the One-call Utility Marking System (Wisconsin Statute 182.0175), TicketNumber 20194420248.

ENCROACHMENT TABLEBUILDING ENCROACHES OVER PROPERTY LINE

LEGEND

Drawing No. 20191122AL3387-far

TO: LCM Funds 33 Donges LLC, a Wisconsin limited liability companyKnight Barry Title GroupChicago Title Insurance CompanyMarathon Bank and/or assigns

This is to certify that this map or plat and the survey on which it is based were made inaccordance with the 2016 Minimum Standard Detail Requirements for ALTA/NSPS Land Title Surveys, jointlyestablished and adopted by ALTA and NSPS, and includes Items 1, 2, 3, 4, 7(a), 7(c), 8, 9, 20 and 22 of TableA thereof. The field work was completed on November 15, 2019.

Date of Map: November 22, 2019 Donald C. ChaputProfessional Land Surveyor

Registration Number S-1316

LAND TITLE SURVEYALTA/NSPS

LEGAL DESCRIPTIONThat part of the Northwest 1/4 of Section 32, Township 7 North, Range 22 East, in the City of Milwaukee,County of Milwaukee, State of Wisconsin, bounded and described as follows, to-wit: Commencing at a pointwhich is in the North line of West Bruce Street (formerly Park Street) and 38 feet East of the West line of said1/4 Section; thence East along the North line of said West Bruce Street, 300 feet to a point; thence North275 feet to a point on the South established dock line of the Burnham Canal; thence West on said dock line,300 feet to a point; thence South 275 feet to the point of commencement, excepting and reservingtherefrom the right to use 20 feet across said tract for railroad and switch purposes for general use of allowners and leasees along the canal as laid out and established. Said property was formerly part of Lot 10and all of Lots 11 to 17 inclusive, Block 162, and all of Block 163 in P. McMartin's Subdivision (now vacated).

FLOOD NOTEAccording to the flood insurance rate map of the County of Milwaukee, Community Panel No.55079C0093E, effective date of September 26, 2008, this site falls in Zone X (Areas determined to beoutside the 0.2% annual chance floodplain).

BASIS OF BEARINGSBearings are referenced to the North line of Bruce Street which is assumed to bear due East.

PARKING SPACESThere are 15 regular parking spaces marked on this site.

TITLE COMMITMENTThis survey was prepared based on Knight Barry Title Group Commitment No. 1076973,effective date of October 22, 2019 which lists the following easements and/or restrictionsfrom schedule B-II:

1, 6, 7, 8 & 200, 201, 202, 203 & 204 visible evidence shown, if any.

2, 3, 4, 5, 100, 101, 400, 401 & 500 not survey related.

205. Agreement and other matters as contained in the instrument recorded April 14, 1871in Volume 120 of Deeds on page 372. Affects property by location, shown.

206. Agreement and other matters as contained in the instrument recorded August 31,1871 in Volume 122 of Deeds on page 204. Affects property by location, shown.

207.Utility Easement to Wisconsin Electric Power Company and Wisconsin TelephoneCompany and other matters contained in the instrument recorded March 3, 1967 onReel 348 at Image 1923 as Document No. 4304220. Affects property by location,shown.

208. Water navigation and access rights and other matters in and to the subject propertyconveyed to the City of Milwaukee recorded February 6, 1987 on Reel 2039 at Image101, as Document No. 6018255. Affects property by location, shown.

MUNICIPAL ZONINGThe zoning information noted below is taken from the municipal code ordinance. It does not reflect allzoning restrictions that may apply. It is not intended to be used in lieu of a comprehensive zoningreport as stated in ALTA Table A item 6(a) nor to be relied on for site development purposes.

Municipal Code: Sec.295-805-2.Site is zoned: IH (Industrial Heavy)Front setback: noneSide setback: noneRear setback: noneMaximum building height: none

SITE ADDRESS1228-30 West Bruce Street, City of Milwaukee, Milwaukee County, Wisconsin.

CLIENTLCM Funds 33 Donges LLC, a Wisconsin limited liability company

This document is an instrument of professional service, and may be protected by thesurveyors work product doctrine or surveyor / client privilege. The information shownhereon is intended solely for the use of the client and client directed third parties.

Date Revision description

234 W. Florida StreetMilwaukee, WI 53204

414-224-8068www.chaputlandsurveys.com

ADJACENT BUILDING ENCROACHES ON PROPERTY LINE

12/09/2019 Certification Updated tma


F O R L E A S E


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


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.

for lease menomonee valley facility 1230 w bruce street …€¦ · 1228-30 west bruce street, city...

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