Appleton, WI – [May 1, 2023] – Blue West Capital has completed the sale of a single tenant industrial building located at 3009 North Zuehlke Drive in Appleton, Wisconsin. Carly Kelly (Gallagher) of Blue West Capital represented the buyer in the transaction, a private real estate investment fund based out of the Midwest. The seller was a Wisconsin-based real estate company.
3009 N Zuehlke is 100% leased to Hajoca Corporation who operates as Able Distribution at this location. The property is located in Appleton, Wisconsin, which is approximately 30 miles southwest of Green Bay and 100 miles from both Milwaukee and Madison. Appleton is a dominant regional trade area that serves as the headquarters of multiple companies, large hospitals, and multiple colleges. There are 138,000 people with average household incomes exceeding $89,000 within five miles of the property.
“The buyer was drawn to this property given its location in a mature market with high barriers to entry. In addition to the market and location, the tenant on the lease is one of the country’s largest privately held wholesale distributors of plumbing, heating and cooling, pool, and industrial supplies. Both parties worked well together to ensure a smooth closing despite being in a volatile market environment”Carly Kelly, Director
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