Wauwatosa Walgreens building sold for $8.7 million

Sale price more than double assessed value

A Walgreens store building in Wauwatosa was sold to a New York investment firm for $8.67 million, according to state records.

The store, located at 2656 N. Wauwatosa Ave. was sold by Deerfield, Ill.-based Waltrust Properties Inc., a subsidiary of Walgreens, to New York-based CF Net Lease Portfolio VI.

The building, which sits on a 1.2 acre site at the corner of West Center Street, is assessed by the city of Wauwatosa for $3.48 million. It was built in 1997.

- Advertisement -

Paulette Enders, Wauwatosa development director with the city of Wauwatosa, said no plans have been submitted to make changes to the property.

Sign up for the BizTimes email newsletter

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

What's New

BizPeople

Sponsored Content

Holiday flash sale!

Limited time offer. New subscribers only.

Subscribe to BizTimes Milwaukee and save 40%

Holiday flash sale! Subscribe to BizTimes and save 40%!

Limited time offer. New subscribers only.