Home Industries Real Estate Retail building near Timmerman Airport sold for $6.6 million

Retail building near Timmerman Airport sold for $6.6 million

By
Andrew Weiland
-
10202 W. Silver Spring Dr., Milwaukee. Image from Google.

A 77,236-square-foot retail building, located in a shopping center just north of Timmerman Airport in Milwaukee, has been sold for nearly $6.6 million, according to state records. The sale price is below the $7.5 million assessed value for the property, located at 10202 W. Silver Spring Drive, according to city records. The tenants in the

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Andrew Weiland
Andrew is the editor of BizTimes Milwaukee. He joined BizTimes in 2003, serving as managing editor and real estate reporter for 11 years before being promoted to editor in 2015. An award-winning journalist, Weiland is a five-time winner in the Milwaukee Press Club Excellence in Journalism Awards contest and a three-time winner in the Alliance of Area Business Publishers (AABP) Awards contest. He is also a regular guest on WISN-TV Channel 12's 4 p.m. newscast to discuss the week's most significant business news stories.
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A 77,236-square-foot retail building, located in a shopping center just north of Timmerman Airport in Milwaukee, has been sold for nearly $6.6 million, according to state records. The sale price is below the $7.5 million assessed value for the property, located at 10202 W. Silver Spring Drive, according to city records. The tenants in the building, which was built in 1981, include AutoZone, Beauty Palace and BioLife. The 4.5-acre property also includes a 2.7-acre parking lot. The building was once occupied by a Pick ‘n Save grocery store, which closed in 2017. Known as Applecrest Plaza Shopping Center, the building is adjacent to Timmerman Plaza, which was anchored by a Walmart store that closed last year and remains vacant. The building was sold by Milwaukee-based Silver Spring Limited Partnership. It was listed for sale by Founders 3. It was purchased by Southampton, Pennsylvania-based Erlich National LLC.

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