Real estate investor Bachan Singh has purchased a nearly vacant downtown Milwaukee office building for $1 million.
The four-story, 48,886-square-foot class B office building at 804 N. Milwaukee St., was sold by VFC Properties 20 LLC. It is assessed by the city of Milwaukee at $1.44 million.
Currently the only tenant in the building is AT&T, which occupies about 3,000 square feet.
Singh could not immediately be reached for contact.
Nathan Powers, with The Boerke Company, who represented Singh, said Singh will likely try to find tenants for the building but is “open to whatever.”
Singh has been buying and selling several properties in the Milwaukee area this year.
In August, he purchased the Pavilion Plaza strip mall at 6900-6924 W. Brown Deer Road for $800,000. He also sold The First Financial Centre office building in downtown Milwaukee to Missouri-based Drury Southwest, Inc. for $4.6 million in August.
In February, Singh purchased a four-story, 40,000-square foot office building at 500 Main St. in downtown Racine for $275,000.
Singh has made his fortune operating gas stations across Wisconsin and developing real estate.
In 2011, he bought the unfinished 24,000-square-foot home of Brookfield developer Vincent Kuttemperoor of VK Development after Kuttemperoor surrendered it to the bank.
