Wauwatosa-based Wangard Partners Inc. announced that today it will close on the sale of a 10,708-square-foot building at 1930 E. North Ave., on Milwaukee’s East Side, to Forman-Smyser Family LLC, a New York-based investment group.
The sale price for the two-story, 10,708-square-foot building is $3.165 million, or about $295.57 per square foot, according to Wangard. That is well above the $746,000 assessed value of the 48-year-old property, according to city records.
Tom Fritz of Mid America Real Estate brokered the sale for Wangard.
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The first floor of the building is leased by PNC Bank. OnMilwaukee.com leases space on the second floor.
Wangard acquired the property about a year ago.
