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REAL ESTATE | Building at 840 W. Paradise Drive sold

June 3, 2022 – West Bend, WI – The building at 840 W. Paradise Drive in West Bend, WI has sold. To be CLEAR – the BUILDING sold and NOT the business inside the building.
Marshalls 840
840 W. Paradise Drive in West Bend, WI

The sale of the parcel occurred May 24, 2022. The property was purchased for $2,275,000 by Agree Limited Partnership, a real estate investment trust.

The parcel is currently assessed at $2,254,800.

The retail outlet, Marshalls, leases 26,000-square-feet of space and the store manager said they are “aware of the sale” and they “are staying.” Marshalls opened in West Bend on Nov. 10, 2011.

 

On a history note, do you remember what was previously in that location?

 

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On a history note: That property had been assessed at $2.4 million however the assessment was reduced in 2020.

The previous owner was West Bend Investment and Capital LLC. It bought the property in 2016 and paid $1.350 million, in what could appear as a distress sale.

If you do the math, they saw about a 68% increase in the lot or 11% per year. Not a bad investment.

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