Another Milwaukee area Walgreens store building sold

Cudahy Walgreens building sells for twice its assessed value

Walgreens. Photo courtesy of Shutterstock.
Walgreens. Photo courtesy of Shutterstock.

Last updated on May 15th, 2019 at 04:59 pm

Another Milwaukee area Walgreens store building has been sold for well over its assessed value. This time, in Cudahy with the $4.85 million sale of the store at 6214 S. Packard Ave.


A Hillsboro Beach, Fla.-based investment firm purchased the store from William Labelle, of Menomonie.

The property is assessed at $2.4 million.

Last month a Walgreens store building on West Capitol Drive in Milwaukee sold to a New York-based real estate investment firm for $4.2 million. That property was assessed at $2.35 million.

The Walgreens store building located at 2656 N. Wauwatosa Ave. in Wauwatosa was sold by Deerfield, Ill.-based Waltrust Properties Inc., a subsidiary of Walgreens, to New York-based CF Net Lease Portfolio VI for $8.67 million in late November. The building is assessed by the city of Wauwatosa for $3.48 million.

In 2015, the Walgreens store building at Ryan Road and 27th Street in Franklin was sold by Waukesha-based MRED Associates to Madison-based Stkali Holdings LLC for $5.6 million.

The Federal Trade Commission is expected to approve a Walgreens-Rite Aid merger, which has been in the works for more than a year.

Walgreens, which merged with Alliance Boots two years ago, announced plans to buy Rite Aid in October 2015 for $9.5 billion.

Sign up for BizTimes Daily Alerts

Stay up-to-date on the people, companies and issues that impact business in Milwaukee and Southeast Wisconsin

No posts to display