# 25742


#53282


NEW CIREX LISTINGS #53262


#53272


Storage Shop USA Walsh Road 801­Walsh­Rd


Asking: Bldg Sq. Ft.:


$119,000-$238,000 1,250-2,500


ins Parking: Yes ­OH Doors: Yes Ceiling: 14­ft. ­­­­­­Avail: 07/18


Commercial Condominiums near Cub Foods and Wal-Mart east. Stop paying rent to the "man" and own your own space. 1,250 square feet available now. 10' x 13' over head doors. Floor drains, 14' ceilings, 100 amp 240V, furnace.


Keller Real Estate Group David Keller


david@kellerrealestategroup.com 608 227-6543 #53202


Summit Point Plaza


1195­Summit­Ave,­Oconomowoc,­Waukesha­Co. Asking:


Bldg Sq. Ft.:


$1,450,000 10,014


NOi: 100,080­­­­­­­Hwy Exp: Yes Zone: GC ­­­­­­­­­­­­Avail: Now


Location! Location! Location! Approx 10,000 SF strip center located in the ''gateway'' of Oconomowoc between the thriving downtown and the i-94 Pabst Farms corridor. Property is situated next to Culver's at a controlled intersection.


Johnson & Hellekson Real Estate, LLC Scott Johnson 920-988-0148 scott@jhrellc.com


#­53382


Somerset Apartments


601­Sommerset­Rd.­Spring­Green,­Sauk­Co. Asking:


Bldg Sq. Ft.:


$2,396,000 47,880


Units: 24 ­­­­­­­­­­­­­Land: 2.01­acres ins Parking: Yes ­Avail: Now


Boasts a strong rental history, an acces- sible location and separate single care garages for each unit. Located just 30 miles from Wisconsin’s Capitol City. Great unit mix with sixteen - 2bed/2bath and eight - 1bed/1bath apartments.


Oakbrook Corporation


Chris Richards 608-443-1039 Bryant Meyer 608-443-1004


Asking:


932­Water­St,­Sauk­City,­Sauk­Co. $3,000,000


Bldg Sq. Ft.: 30,411


Units: 22 ­­­­­­­­­­­­­Land: 26,136­s.f. ins Parking: Yes ­Avail: Now


This stunning mixed use project has 16 beautifully finished apartments and six fully leased commercial units overlook- ing the Wisconsin River. This well main- tained asset and the area’s strong multifamily market fundamentals com- bine to make this a desirable investment.


Oakbrook Corporation


Chris Richards 608-443-1039 Bryant Meyer 608-443-1004


Recently Passed Legislation Opens Up OSL Commercial Cooperation


by Cori Lamont, Director of Corporate and Regulatory Affairs for the WRA. Light Haus Asking:


1921­Freeport­Rd $450,000


Bldg Sq. Ft.: 7,600


Units: 1­­­­­­­­­­­­­­­Land: 7,660­s.f. RE Tax: $3,467 ­­­Parking: Yes Zone: IL­­­­­­­­­­­­­­­Avail: Now


Pre-Engineered Steel Structure. Glass front. Roof mounted signage. Exposure to Verona Road/Beltline. Currently retail and production facility. Close proximity to Sub Zero and Home Depot. in TiF 29.


Crown Commercial Real Estate Development Bill Nebel 608-831-2618


Jim Anderson 608-831-2618 #53392


Pick 'n Save, Tractor Supply, Goodwill 1750­uS­highway­51,­Stoughton


Asking: Bldg Sq. Ft.:


$8,155,000 93,118


Land: 10.89­acres­­NOi: 570,889


investment Highlights Pick 'n Save, Tractor Supply, Goodwill All three tenants have recently executed New 10-Year Leases Goodwill is essentially a 20-year lease as they have to pay to kick-out after 10 and 15 years 100% Occupied Strong store sales reported by Pick 'n Save.


Marcus & Millichap Adam Connor 262-364-1923 adam.connor@marcusmillichap.com #16875


In January 2015, a new voluntary option became available in Wisconsin that permitted a Wisconsin firm, or an in-state licensee (ISL), to allow an out-of- state broker


(OSL) to provide limited brokerage services in Wisconsin. Wis. Stat. § 452.137 allowed Wisconsin listing firms to either enter into a referral arrangement with an OSL or enter into a cooperative agreement with an OSL. Therefore, the ISL remains at the helm of the transaction while offering flexibility, if desired, to an ISL that is okay with an OSL participating in a transaction.


Since the passage of Wis. Stat. § 452.137, we learned the voluntary new option worked fine for the majority of those who utilize the cooperation. This cooper- ation was available to all transactions, residential and commercial.


A new but narrow opportunity


However, commercial practitioners indicated the current OSL law created one situation in which an ISL could arguably practice outside of the permitted Wisconsin laws because Wis. Stat. § 452.137 only allowed cooperation when the ISL has the property listed. This limitation exists when an OSL reaches out to an ISL who does not have a property listed. It is common for the OSL and OSL’s buyer or tenant to want to cooperate with someone other than the Wisconsin listing firm to ensure the OSL’s buyer/tenant has assistance of an expert in that specific market area, but not relying on the listing agent who is representing the seller.


Asking:


5977­hwy­T,­Spring­Green,­Iowa­Co. $839,000


Bldg Sq. Ft.: 8,000 Land: 85­s.f. ­­­­­­­­Zone: B2,­A1


Horse lovers dream available on 84.5+/- acres in stunning Wyoming Valley. Full service horse stable includes living quar- ters, bunk house, large shop, red barn, retail space, indoor & outdoor arena, 39 stalls and more. There is connected access to 30 miles of horseback riding trails. Great place and location.


Century 21 Affiliated - Joo Andrea Joo


andrea.joo@c21affiliated.com 32 Pet Lodge Asking:


2332­Pinehurst­Dr,­Middleton $1,395,000


RE inc.: Inc.­ ­­­­­­­Avail: Now


Long time running Pet Lodge consisting of a reception office, caretaker unit, ap- prox 85 dog kennels, pet grooming room, cat boarding area, 3 outdoor exercise areas and a shop. Caretaker unit is com- posed of a living room, 1 bedroom, 3/4 bath and a kitchenette. Built as a pet lodge with the appropriate drains.


Century 21 Affiliated - Joo Andrea Joo


andrea.joo@c21affiliated.com INFORMATION­hEREIN­COLLECTED­FROM­SOuRCES­BELIEVED­RELIABLE.­CIREX/PROPERTY­DRIVE­IS­NOT­RESPONSIBLE­FOR­ITS­ACCuRACY.­


Therefore, the WRA worked with legislators to create a new voluntary commercial option for ISLs who do not have a property listed but wish to cooperate with OSLs working with commercial buyers and tenants.


The legislation


This new voluntary option for ISLs is for those who want to cooperate with OSLs working with or representing a buyer/tenant, but in which the property is not listed byan ISL or the OSL wants to cooperate with someone other than the listing ISL. Basically, this voluntary option exists for when an OSL is working with a commercial buyer or tenant and the OSL wants to cooperate with an ISL....


Read the full article: https://www.wra.org/WREM/Dec17/OSL/


NEW! NEW! NEW! NEW!


NEW! NEW!


NEW! NEW!


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