GLENDALE, WI – [December 15, 2022] – Blue West Capital has completed the sale of a multi-tenant retail shopping center located at 5312-5336 N Port Washington Road in Glendale, Wisconsin. Carly Gallagher Kelly of Blue West Capital represented the buyer in the transaction, a private investment group out of Minnesota. The Seller was a local Wisconsin-based investor.
Bayshore Plaza consists of 13,763 square feet and is 100% leased to a complementary mix of national and local tenants, including WingStop, Gyro Palace, Fast Signs, Lee Kong Chinese Restaurant, and a new national tenant. The property is situated down the street from the 1.3 million square foot open-air center, Bayshore Mall, in the affluent and dense north shore community of Glendale. The immediately surrounding demographics have average household incomes over $130,000 within a one-mile radius and 124,000 people within a three-mile radius. Located on N Port Washington Road, a major thoroughfare in the north Milwaukee suburbs, and with easy access and visibility to I-43, the subject property has over 126,000 vehicles passing by per day.
“Bayshore Plaza featured a rare opportunity to own a commercial property in one of the most affluent north shore communities of Milwaukee. The buyer was driven to the affluent and dense demographics, high traffic counts, surrounding national big box tenants, and the rent growth potential of the asset. All of these factors contribute to being a stable and accretive investment property well into the future. It was a pleasure working with this repeat client on another successful transaction, especially during a time when the market is becoming more volatile.”Carly Gallagher Kelly
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