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Property Overview
Normandy Village is a unique and attractive rental community consisting of 38 residential buildings, interlinked via four separate underground parking structures, and a freestanding, two-story clubhouse/leasing center. Constructed in 1968, the community contains a total of 275 rental units with approximately 261,728 rentable square feet and an impressive average unit size of approximately 952 square feet.
This desirable community features terrific amenities, including an outdoor swimming pool with a large sundeck and a large leasing and resident center with a 24/7 fitness and business center. The current owners have upgraded roughly 102 of the 275 units with new kitchen cabinets, baths, lighting, flooring, and appliances. The 28 townhouse units include in-unit washer/dryers. Underground parking with interior hallways is accessible to all units so residents never have to go outside in bad weather. Situated on approximately 13 acres, the attractive setting offers mature landscaping with tree-lined walking paths and large sections of greenspace.
Primary local access to the property is provided by North 124th Street, which traverses the neighborhood in a north-south direction. Major east-west streets in the neighborhood include North Avenue and Burleigh Road. Primary interstate access to the property is provided by Interstates 41 and 94. Interstate 41 can be accessed roughly 1.5 miles east of Normandy Village, and Interstate 94 about four miles to the south. Interstate 94 provides access to Milwaukee to the east and Madison (roughly 80 miles straight west). The property offers easy access to the Milwaukee Central Business District (approximately 15 minutes) as well as the growing suburbs in all directions. The property is within easy walking distance to shopping and restaurants, and only a few miles from premier shopping and entertainment options.
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125 South Wacker Drive, Suite 400 Chicago, IL 60606
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Chicago Office
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Mortgage Bankers:
Chris Blechschmidt
Senior Managing Director 312.845.8592 chris.blechschmidt@berkadia.com
Ralph DePasquale
Managing Director 312.845.8572 ralph.depasquale@berkadia.com WI BREA #50333-90
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833 East Michigan Avenue, Suite 950 Milwaukee WI 53202
Milwaukee Office
Emily Stang
Director 312.845.8568 emily.stang@berkadia.com
NORMANDY VILLAGE
NORMANDY VILLAGE
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Unique Value-Add Opportunity in One of the Most Dynamic Suburbs of Milwaukee
Highlights
Strong Demographics With High-Earning Renter Market
Great Amenities Package With Further Enhancements Possible
Very Desirable and Dynamic Wauwatosa, WI Location
Unique Design With Underground Parking For All Units
Pricing Well Below Replacement Cost
Strong Demographics With High-Earning Renter Market
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