Mabbett & Breeds Luxury Apartment Homes174-196 S. 2nd Street & 130-138 W. Pittsburgh AvenueMilwaukee, WI – 10 Apartments & 7 Retail Suites

Offering Memorandum

Confidentiality and DisclaimerThe information contained in the following Marketing Brochure is proprietary and strictly confidential. It is intended to be reviewed only by the party receiving it from Marcus& Millichap and should not be made available to any other person or entity without the written consent of Marcus & Millichap. This Marketing Brochure has been prepared toprovide summary, unverified information to prospective purchasers, and to establish only a preliminary level of interest in the subject property. The information containedherein is not a substitute for a thorough due diligence investigation. Marcus & Millichap has not made any investigation, and makes no warranty or representation, withrespect to the income or expenses for the subject property, the future projected financial performance of the property, the size and square footage of the property andimprovements, the presence or absence of contaminating substances, PCB's or asbestos, the compliance with State and Federal regulations, the physical condition of theimprovements thereon, or the financial condition or business prospects of any tenant, or any tenant's plans or intentions to continue its occupancy of the subject property.The information contained in this Marketing Brochure has been obtained from sources we believe to be reliable; however, Marcus & Millichap has not verified, and will notverify, any of the information contained herein, nor has Marcus & Millichap conducted any investigation regarding these matters and makes no warranty or representationwhatsoever regarding the accuracy or completeness of the information provided. All potential buyers must take appropriate measures to verify all of the information set forthherein. Marcus & Millichap is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2018 Marcus & Millichap. All rights reserved.

Non-Endorsement NoticeMarcus & Millichap is not affiliated with, sponsored by, or endorsed by any commercial tenant or lessee identified in this marketing package. The presence of anycorporation's logo or name is not intended to indicate or imply affiliation with, or sponsorship or endorsement by, said corporation of Marcus & Millichap, its affiliates orsubsidiaries, or any agent, product, service, or commercial listing of Marcus & Millichap, and is solely included for the purpose of providing tenant lessee information aboutthis listing to prospective customers.

ALL PROPERTY SHOWINGS ARE BY APPOINTMENT ONLY.PLEASE CONSULT YOUR MARCUS & MILLICHAP AGENT FOR MORE DETAILS.

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Overview

OVERVIEW: 10-UNITS & 7-RETAILSUITES IN MILWAUKEE, WI FIFTHWARD LOCATION MIX OF 1, 2 & 3BEDROOM UNITS BUILT IN 18682017 RENOVATIONS WITH HIGH-CLASS FIXTURES & APPLIANCES28,834 SQ FEET & 0.66 ACRES ALLUNIQUE FLOOR PLANS ROOFTOPDECK PRIVATE ENTRIES LOTPARKING FOR A FEE TENANT PAIDUTILITIES ALL NNN COMMERICALLEASES

MARKET: SOUTH DOWNTOWNMILWAUKEE (WALKER’S POINTNEIGHBORHOOD) POPULATIONOF OVER 600,000 FAST-GROWINGAREA CLOSE TO RESTAURANTS,BARS, SHOPPING & ACTIVITIES HQOF ROCKWELL AUTOMATIONCLOSE TO THE PUBLIC MARKETAND SUMMERFEST FAIRGROUNDS

17 Units

Built in 1868/2017

28,834 SF

Tenant Paid Heat; Individual Forced Air

Tenant Paid Hot Water; Individual Gas Heater

Tenant Paid Central Air Conditioning

Tenant Paid Water and Sewer

Tenant Paid Electric

In-Unit Washer and Dryer

Stainless Steel Dishwasher, Wine Cooler and Granite Countertops

Stainless Steel Range, Refrigerator and Microwave

Gas Fireplace in Three Units

Private Entrances

25 Lot Parking Spaces for $80/month

Rooftop Deck

Pets Allowed for $35/month

Mabbett & Breeds Luxury Apartment Homes174-196 S. 2nd Street & 130-138 W. Pittsburgh Avenue

Milwaukee, WI – 10 Apartments & 7 Retail suites

Property Summary

Excellent Location in the Walker’s Point/Fifth Ward Neighborhood of Milwaukee

Completely Renovated in 2017 with High Class Fixtures and Appliances

25 On-Site Parking Spaces at $80/month for Additional Income

Residential Tenants Pay All Utilities Except Trash; Commercial Tenants Pay All Utilities

100% Occupancy

Common Area Includes a Rooftop Deck

INVESTMENT HIGHLIGHTS

The offering of the Mabbett & Breeds Luxury Apartment Homes give an owner the opportunity to own a completely repurposed building with historical charm inthe vibrant Walker’s Point/Fifth Ward neighborhood of Milwaukee. Originally built in 1868, each of the ten apartment units have been renovated in 2017 toinclude high class fixtures, appliances and lighting. All seven of the retail units on the ground floor have also been newly renovated and built out specifically foreach tenant. The building is 100 percent occupied.

The ten apartment units at Mabbett & Breeds are comprised of four 1-beds, five 2-beds and one 3-bed. The extra large one bed units range in size from 957 to1,282 sf and rent between $1,300 to $1,450. The huge two bed units range in size from 1,287 to 1,804 square feet and rent between $1,935 and $2,295. Theenormous three bed unit is 1,986 square feet and rents for $2,550. The average rent per square foot is $1.35. The apartments were designed with the best qualityin mind. From wine coolers, granite countertops, glass shower doors, stainless steel appliance suites, in-unit washers and dryers and trendy exposed brick, tenantscan enjoy deluxe amenities everyday. To cap off a great night or enjoy a warm summer day, tenants also have access to the rooftop deck with fireplace.

The seven retail suites at Mabbett & Breeds are occupied by primarily local tenants such as a coffee shop, fitness center, salon, etc. All retail leases are NNN withtenants responsible for their utilities and a portion of the common area maintenance, while the landlord is responsible for roof and structure. All tenants haveannual increases of their rent and the longest lease expires in 2028. All but one of the tenants have options to extend and those options include annual rentincreases, as well.

Originally built for several merchants, including leather and furniture retailers to a dry goods store and apothecary, the building was commissioned for constructionby lumber merchants Hiram Mabbett and Charles Breed in 1858. Today, the Walker’s Point/Fifth Ward neighborhood of Milwaukee is one of the fastest growingareas in the city thanks to the redevelopment of industrial buildings, a utilization of vacant spaces and a strong sense of community. Known for an abundance ofrestaurants, bars and nightclubs, the Walker’s Point/Fifth Ward neighborhood is very walkable. The walk score for Mabbett & Breeds is 85 out of 100. Milwaukeehas been also been noted as the coolest city in the Midwest according to Vogue.com. Milwaukee Article on Vogue.com

Mabbett & Breeds Luxury Apartment Homes174-196 S. 2nd Street & 130-138 W. Pittsburgh Avenue

Milwaukee, WI – 10 Apartments & 7 Retail suites

www.MarcusMillichap.com

E X C L U S I V E L Y L I S T E D B Y

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Matthew E. WhitesideSenior Managing Director InvestmentsSenior Director - National Multi Housing GroupMilwaukee OfficeTel: (262) 364-1930Fax: (262) 364-1910matthew.whiteside@marcusmillichap.comLicense: WI 56948-090