85-Bed CBRF Investment Opportunity - 2436 N 50th St, Milwaukee, WI 53210
For Sale
For Sale
-
Year Built
1929 (Renovated 1949)
-
Overview
Colliers International | Wisconsin is pleased to exclusively offer a rare opportunity to acquire a former 85-bed Community Based Residential Facility located in Milwaukee, WI. This 25,839 square foot rehabilitation facility located at 2436 North 50th Street is fully leased.
The property offered for sale operates as Gro Family Services, specializing in outpatient, residential and correctional mental health, substance abuse and reintegration treatment services. Gro has occupied the property since 2018 and currently has a long term lease in place through October 2027.
Highlights
• Rare 85-bed CBRF in Milwaukee, WI.
• Triple Net leased property.
• High barriers to entry and replacement costs.
• Numerous recent capital improvements.
Property Details
Colliers International | Wisconsin is pleased to exclusively offer a rare opportunity to acquire a former 85-bed Community Based Residential Facility located in Milwaukee, WI. This 25,839 square foot rehabilitation facility located at 2436 North 50th Street is fully leased.
The property offered for sale operates as Gro Family Services, specializing in outpatient, residential and correctional mental health, substance abuse and reintegration treatment services. Gro has occupied the property since 2018 and currently has a long term lease in place through October 2027.
Highlights
• Rare 85-bed CBRF in Milwaukee, WI.
• Triple Net leased property.
• High barriers to entry and replacement costs.
• Numerous recent capital improvements.
- Property TypeSpecial Purpose, Office
- Submarket
- Year Built1929Renovated 1949
- Sale Price$1,550,340
- Total Acres0.59
- ZoningResidential - Two Family
- Last updatedDec 25, 2023
- Property ID1735751