Description

The Ficke Team of Colliers presents the opportunity to acquire the U.S. Department of Veterans Affairs Community Resource & Referral Center (CRRC), a mission-critical, government-leased asset located at 1818 N Martin Luther King Jr Drive in a dynamic downtown neighborhood of Milwaukee. The 7,542-square-foot facility is leased to the United States Department of Veterans Affairs under a newly executed 10-year lease with five years firm, commencing September 2025, and includes 3% annual rent escalations, offering stable income backed by the full faith and credit of the U.S. Federal Government (S&P AA+). Originally renovated-to-suit in 2013 with over $2.4 million invested, the historic building earned recognition from the Wisconsin State Historic Preservation Commission, the National Park Service, and achieved LEED Silver certification, while also featuring a rare 25-space private parking lot. Strategically positioned along a city bus line, the facility provides essential, centralized services for veterans, including housing support, healthcare access, and career resources. The property benefits from over $1 billion in surrounding investment, with proximity to major developments such as Fiserv Forum, ThriveOn King, and the future Nature & Culture Museum of Wisconsin, as well as the established Brewers Hill neighborhood. Positioned within Wisconsin’s largest city and a major economic hub, this asset offers investors long-term stability, strong credit tenancy, and consistent cash flow in a high-growth urban environment.