OFFERING MEMORANDUM EAST SIDE HISTORIC REUSE OPPORTUNITY 2480 NORTH CRAMER STREET MILWAUKEE, WI 53211

Capital Markets | Investment Properties AFFILIATED BUSINESS DISCLOSURE AND CONFIDENTIALITY AGREEMENT

CBRE, Inc. operates within a global family of This Memorandum contains selected information contents, and no legal commitment or obligation shall companies with many subsidiaries and/or related pertaining to the Property and does not purport to be arise by reason of your receipt of this Memorandum or entities (each an “Affiliate”) engaging in a broad range a representation of the state of affairs of the Property use of its contents; and you are to rely solely on your of commercial real estate businesses including, but not or the owner of the Property (the “Owner”), to be investigations and inspections of the Property in limited to, brokerage services, property and facilities all-inclusive or to contain all or part of the information evaluating a possible purchase of the real property. management, valuation, investment fund management which prospective investors may require to evaluate a and development. At times different Affiliates may purchase of real property. All financial projections and The Owner expressly reserved the right, at its sole represent various clients with competing interests in the information are provided for general reference discretion, to reject any or all expressions of interest or same transaction. For example, this Memorandum purposes only and are based on assumptions relating offers to purchase the Property, and/or to terminate may be received by our Affiliates, including CBRE to the general economy, market conditions, discussions with any entity at any time with or without Investors, Inc. or Trammell Crow Company. Those, or competition and other factors beyond the control of notice which may arise as a result of review of this other, Affiliates may express an interest in the property the Owner and CBRE, Inc. Therefore, all projections, Memorandum. The Owner shall have no legal described in this Memorandum (the “Property”) may assumptions and other information provided and commitment or obligation to any entity reviewing this submit an offer to purchase the Property and may be made herein are subject to material variation. All Memorandum or making an offer to purchase the the successful bidder for the Property. You hereby references to acreages, square footages, and other Property unless and until written agreement(s) for the acknowledge that possibility and agree that neither measurements are approximations. Additional purchase of the Property have been fully executed, CBRE, Inc. nor any involved Affiliate will have any information and an opportunity to inspect the Property delivered and approved by the Owner and any obligation to disclose to you the involvement of any will be made available to interested and qualified conditions to the Owner’s obligations therein have Affiliate in the sale or purchase of the Property. In all prospective purchasers. In this Memorandum, certain been satisfied or waived. instances, however, CBRE, Inc. will act in the best documents, including leases and other materials, are By receipt of this Memorandum, you agree that this interest of the client(s) it represents in the transaction described in summary form. These summaries do not Memorandum and its contents are of a confidential described in this Memorandum and will not act in purport to be complete nor necessarily accurate nature, that you will hold and treat it in the strictest concert with or otherwise conduct its business in a way descriptions of the full agreements referenced. confidence and that you will not disclose this that benefits any Affiliate to the detriment of any other Interested parties are expected to review all such Memorandum or any of its contents to any other entity offeror or prospective offeror, but rather will conduct summaries and other documents of whatever nature without the prior written authorization of the Owner or its business in a manner consistent with the law and independently and not rely on the contents of this CBRE, Inc. You also agree that you will not use this any fiduciary duties owed to the client(s) it represents Memorandum in any manner. Memorandum or any of its contents in any manner in the transaction described in this Memorandum. Neither the Owner or CBRE, Inc, nor any of their detrimental to the interest of the Owner or CBRE, Inc. This is a confidential Memorandum intended solely for respective directors, officers, Affiliates or If after reviewing this Memorandum, you have no your limited use and benefit in determining whether representatives make any representation or warranty, further interest in purchasing the Property, kindly return you desire to express further interest in the acquisition expressed or implied, as to the accuracy or this Memorandum to CBRE, Inc. of the Property. completeness of this Memorandum or any of its

© 2017 CBRE, Inc. The information contained in this document has been obtained from sources believed reliable. While CBRE, Inc. does not doubt its accuracy, CBRE, Inc. has not verified it and makes no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs. Photos herein are the property of their respective owners and use of these images without the express written consent of the owner is prohibited. CBRE and the CBRE logo are service marks of CBRE, Inc. and/or its affiliated or related companies in the United States and other countries. All other marks displayed on this document are the property of their respective owners. REDEVELOPMENT OPPORTUNITY

CONTACT US PATRICK GALLAGHER, CCIM Executive Vice President +1 414 274 1688 [email protected]

WAYNE RAPPOLD Senior Associate +1 414 274 1647 [email protected]

MAX SCHULTZ Associate +1 414 274 1673 [email protected]

TABLE OF CONTENTS

04 EXECUTIVE SUMMARY

06 PROPERTY DESCRIPTION

15 AREA OVERVIEW EXECUTIVE SUMMARY REDEVELOPMENT OPPORTUNITY

THE OFFERING

CBRE is pleased to present an exclusive offering of the Saints Peter and Paul schoolhouse & convent, a prime redevelopment opportunity located on the East Side of Milwaukee, . This opportunity offers investors a tremendous location in one of Milwaukee’s most desirable neighborhoods. Included in the offering is a former schoolhouse totaling approximately 30,000 square feet of existing space across three floors, plus a spacious attic area, all situated on approximately 16,000 square feet of land & a former convent totaling approximately 4,780 square feet on approximately 8,500 square feet of land.

INVESTMENT HIGHLIGHTS

OPTIMAL PROPERTY LOCATION ++ North Avenue is one of Downtown Milwaukee’s main corridors, pro- viding access to several amenities and key areas throughout the city:

−− University of Wisconsin-Milwaukee, a 25,000-student, Tier 1 Research University, is located less than one mile north of the site −− Milwaukee’s Central Business District is located less than two miles southwest −− Access to Chicago, Madison and Green Bay is less than two miles west −− North Avenue and Brady Street, two of Milwaukee’s primary retail, commercial and entertainment corridors, are located 0.2 and 0.8 miles to the south, respectively −− The Urban Ecology , a 15-acre nature area lining the Milwaukee River is 0.5 miles west −− Bradford Beach and Lake Michigan are located 0.6 miles east

++ Local demographics within a three-mile radius include:

−− 138,924 people Offering Price −− 60,172 households Redevelopment Opportunity −− $65,164 average household income −− 6,616 businesses Price $975,000 −− 130,379 daytime employees

EXECUTIVE SUMMARY 5 PROPERTY DESCRIPTION REDEVELOPMENT OPPORTUNITY

PROPERTY DESCRIPTION Property Description 2480 North Cramer Street & The properties offered are situated in the heart of Milwaukee’s Upper Location 2479 North Murray Avenue, East Side. The site benefits from convenient access to the University of Milwaukee, WI 53211 School - 30,000 SF (approximately) Wisconsin-Milwaukee, the Central Business District, dining and Building Sizes entertainment corridors such as North Avenue, Brady Street, Water Street Convent - 4,780 (approximately) and Farwell Avenue. Access to Lake Michigan, Bradford Beach, Lake Year Built 1889 Park and McKinley Marina are all in close proximity. School - 3 plus unfinished attic Number of Floors The existing structures are a former schoolhouse & convent built by the Convent - 2 plus basement Saints Peter and Paul Parrish. The buildings are composed of highly School - 16,000 SF (approximately) Site Sizes sought-after Cream City Brick. The schoolhouse contains a functioning Convent - 8,500 SF (approximately) basement, two built out floors and an unfinished third floor. Large, open floor plans and limited walls create an ideal redevelopment opportunity. Zoning RT3; may be rezoned The adjacent convent could provide an opportunity to build a new addi- tion to the existing schoolhouse building, with the possibility of adding underground parking due to the grade-change along Murray Avenue. Further opportunities to expand the project and parking areas are out- lined on page 8.

property description 7 EXPANSION OPTIONS

Should a new build expan- BRADFORD AVE sion of the school be part of redevelopment, the convent property grade change is Surface parking could be conducive to accommodate shared as the Church’s underground parking need is primarily daytime

SURFACE PARKING Playground for Preserve accessibility from Catholic East Elementary sidewalk to playground also doubles as surface (which doubles as surface parking during Mass. parking during Mass) SUBJECT PROPERTIES Grade change from Greenwich Ave could allow SCHOOL CONVENT for two level parking deck CRAMER ST MURRAY AVE MURRAY

PLAYGROUND

8 GREENWICH AVE REDEVELOPMENT OPPORTUNITY BUILDING PLAN

TYPICAL FLOOR PLATE LOCATION MAP

10 REDEVELOPMENT OPPORTUNITY

PROPERTY AERIAL

BRADFORD BEACH

property description 11 NEARBY AMENITIES

Lake Park

I-43; 8 minutes Downtown Milwaukee 9 minutes

12 REDEVELOPMENT OPPORTUNITY

PARCEL MAP MILWAUKEE COUNTY INTERACTIVE MAPPING SERVICE

NOTE:188 Border indicates possible0 new 94parcel lines.188 ParcelFeet DISCLAIMER: has not This map yet is a userbeen generated separated static output from thefrom Milwaukee larger County Land parcel, Information allowingNotes some Office Interactive Mapping Service website.The contents herein are for reference purposes only and flexibility in the shape and location of future dividing lines.may or may not be accurate, current or otherwise reliable. No liability is assumed for the data NAD_1927_StatePlane_Wisconsin_South_FIPS_4803 1: 1,129 delineated herein either expressed or implied by Milwaukee County or its employees. © MCAMLIS THIS MAP IS NOTproperty TO BE USED FOR NAVIGATION description 13 PROPERTY PHOTOS

14 REDEVELOPMENT OPPORTUNITY

AREA OVERVIEW

area overview 15 REDEVELOPMENT OPPORTUNITY

MULTIFAMILY MARKET OVERVIEW MULTIFAMILY MARKET OVERVIEW - METRO MILWAUKEE

The Milwaukee multifamily market Milwaukee Multifamily Vacancy ended Q1 2018 with an overall vacancy rate of 5.8%, coming in slightly below 8.00% the national average. Recently delivered Class A properties in the urban core will be hardest hit by the recent supply wave 6.00% and ensuing vacancy expansion; Northwestern Mutual will add 308 4.00% luxury units to the market in Q2 2018. Still, new construction continues to post strong absorption, with Mandel Group’s 2.00% Aperture Apartments stabilizing in only 12 months after delivery. 0.00% 2014 2015 2016 2017 2018 2019 2020 2021

2,164 1,897 12 Month Delivered Units 12 Month Absorption Units

5% $1,516 SOURCE: AXIOMetrics Inc. Avg Asking Rent For Newly 16 Vacancy Rate Constructed Units REDEVELOPMENT OPPORTUNITY

Thanks to a tight vacancy rate, rents have grown consistently through this cycle, with the Milwaukee Multifamily Effective Rent pace of growth hitting an all-time high in Q1 $1,080 2015. Average asking rent for newly $1,060 constructed units has reached a historical high of $1,516. Year-over-year rental growth is $1,040 1.2% as of Q1 2018, and rental rates are $1,020 expected to grow consistently over the forecast $1,000 horizon as new units deliver and older units $980 are heavily renovated or taken off the market. Incomes in the Milwaukee metro area are now $960 growing faster than rents, a positive sign for $940 the durability of future rental growth. $920 Continued expansion by local heavyweights $900 such as Northwestern Mutual, Rockwell 2014 2015 2016 2017 2018 2019 2020 2021 Automation, and spillover effects from Foxconn in Racine county are expected to foster additional rental growth.

Q1 2018 METRO MILWAUKEE MULTIFAMILY STATISTICS UNDER ASKING ABSORPTION DELIVERED UNITS VACANCY RATE EFFECTIVE RENT CONSTRUCTION RENT UNITS UNITS UNITS Class A 12,878 11.7% $1,516 $1,471 56 0 2,897 Class B 41,273 4.8% $1,028 $1,011 107 180 1,847 Class C 35,843 4.8% $776 $767 23 0 0 Market 89,994 5.8% $1,031 $1,012 186 180 4,744

area overview 17 MILWAUKEE OVERVIEW

MILWAUKEE MARKET OVERVIEW DEMOGRAPHICS Milwaukee is the largest city in the state of Wisconsin, the 31st most City of Milwaukee Estimated Population: populous city in the United States, and the 39th most populous metro 595,047 area in the United States. The city of Milwaukee boasts a population of 595,047 per the U.S. Census Bureau, while the Milwaukee MSA Estimated Population: Milwaukee-Racine-Waukesha metropolitan area recorded a population of 1,576,236 1,576,236. Milwaukee is the economic, cultural, and regional center for this Milwaukee-Racine-Waukesha metropolitan area and draws commuters from Madison, Chicago and the Fox Cities. Milwaukee County Population: 952,085 The city is home to numerous historic neighborhoods and world-famous parks. Furthermore, downtown Milwaukee is known for its combination of Wisconsin Population: old-world charm and modern architecture, accompanied by a beautiful 5,795,483 lakefront location. Milwaukee County Median HH Income: GEOGRAPHIC LOCATION $45,263 The Milwaukee Metro area covers 1,460 square miles and is located in the . Other major metropolitan areas in the region include: Chicago, Illinois (90 miles south); Indianapolis, Indiana MSA Median HH Income: (276 miles southeast); Detroit, Michigan (364 miles east); , $58,029 Minnesota (337 miles northwest); and St. Louis, Missouri (370 miles southwest). The Milwaukee Metropolitan Statistical Area (“MSA”) consists Wisconsin Median HH Income: of four county regions in southwest Wisconsin. $54,610

Unemployment Rate: Sources: 3.60% https://www.census.gov/quickfacts/table/PST045215/55,00 ESRI (Fastreports Dimension) http://choosemilwaukee.com/regional-statistics/milwaukee-region-rankings.aspx http://www.bls.gov/eag/eag.wi.htm http://www.bls.gov/oes/current/oes_33340.htm http://guides.library.unr.edu/business/ACCRA RECOGNIZED AS AN ECONOMIC LEADER REDEVELOPMENT OPPORTUNITY

• Milwaukee Metropolitan area is the 39th most populated area according to the U.S. Census Bureau • Nine Fortune 500 companies have their corporate headquarters in Wisconsin including: Northwestern Mutual (#97), Manpower Group (#146), Kohl’s (#150), American Family Insurance Group (#315), WEC Energy Group (#368), Oshkosh (#425), Harley-Davidson (#435), Rockwell Automation (#442) and Fiserv (#471) (2017) • Cost of living falls below U.S. benchmark, with a 99.5 Cost of Living Index, according to ACCRA (2016) • Top 75 cities in the U.S., according to US News and World Report and ranked 39th as a Best Place to Retire (2017) • Milwaukee ranks 2nd in the U.S. for healthcare access, according to Vitals (2016) • Top 5 rustbelt cities making a comeback, according to Vogue Magazine (2016) • Ranked in the top 15 cities for women in tech by SmartAsset (2016) • Froedtert Hospital and Aurora St. Luke’s Medical Center were nationally ranked in 4 and 3 specialties respectively, according to U.S. News and World Report’s Best Hospitals (2017) • Wisconsin ranked #2 in the Midwest in manufacturing job growth from March 2016 to March 2017 according to the Bureau of Labor Statistics (2017)

Sources: http://beta.fortune.com/fortune500 http://guides.library.unr.edu/business/ACCRA http://realestate.usnews.com/places/rankings/best-places-to-live http://www.vitals.com/about/posts/press-center/press-releases/vitals-ranks-americas-top-cities-access- health-care-2 http://www.vogue.com/article/rust-belt-travel-guides-detroit-pittsburgh-chicago-cincinnati-covington- milwaukee https://smartasset.com/mortgage/best-cities-for-women-in-tech-2016 http://health.usnews.com/best-hospitals/area/wi/froedtert-hospital-and-the-medical-college-of- wisconsin-6452115 http://health.usnews.com/best-hospitals/area/wi/aurora-st-lukes-medical-center-6450017 https://www.bls.gov/eag/eag.wi.htm area overview ECONOMIC OVERVIEW INDUSTRY & EMPLOYMENT The state of Wisconsin has recovered from the overall slowdown of the economy more quickly than the nation as a EMPLOYMENT BY OCCUPATION whole. Wisconsin maintains an unemployment rate of just Occupation Population 3.6%, which is below the national unemployment rate of 4.1% Mining and logging 0.05% (U.S. Bureau of Labor Statistics, March 2018). Milwaukee’s Construction 3.27% diverse and highly skilled labor force has enabled the city to Manufacturing 13.96% achieve sustainable growth over the last several years. The Trade, transportation, and utilities 16.95% metro area unemployment rate has ranked under the national Information 1.53% average for eight straight years. Financial activities 5.80%

Professional and business services 14.56% Historically known as a hub of brewing and manufacturing, Education and health services 19.56% Milwaukee has taken steps in recent history to reshape its Leisure and hospitality 8.68% image. Milwaukee’s diverse economy now includes leading firms in the financial services, healthcare, publishing and Other services 5.47% printing, transportation, and retail industries. As of 2018, Government 10.17% Wisconsin was home to nine Fortune 500 companies. Source: https://www.bls.gov/regions/midwest/summary/blssummary_milwaukee.pdf

Major corporations with headquarters in the Milwaukee MILWAUKEE ECONOMIC MAKEUP metropolitan area include Johnson Controls, Manpower Group, 3.27% 1.53% 0.05% Joy Global, Kohl’s, Northwestern Mutual, Harley-Davidson and CNSTRUCTN NFRMATN MNNG LGGNG Rockwell Automation. As Milwaukee’s economy continues to expand and proliferate, it will continue to diversify in its makeup 5.47% FNANCAL and grow upon its brewing and manufacturing roots. ACTTS 19.56% 5.80% DUCATN MILWAUKEE AREA TOP EMPLOYERS FNANCAL HALTH SRCS ACTTS Company Employees Aurora Health Care 26,765 8.68% Ascension Wisconsin 12,000 LSUR MLWAUK HSTALT Froedtert and Community Health 10,913 TNANT R Quad/Graphics Inc. 7,500 MARKT SHAR 16.95% TRAD, Kohl’s Corporation 7,300 10.17% GRNMNT MAY 2018 TRANSRTATN UTLTS GE Healthcare Technologies 6,000 Medical College of Wisconsin 5,573 Children’s Hospital & Health System 5,004 13.96% 14.56% Northwestern Mutual 5,000 MANUFACTURNG RFSSNAL ProHealth Care Inc. 4,216 BUSNSS SRCS Source: Milwaukee Business Journal, Book of Lists 2018 20 REDEVELOPMENT OPPORTUNITY

ACADEMICS & EDUCATION University of Wisconsin-Milwaukee New Student Housing, Riverview Hall The Milwaukee Public School system is the largest in Wisconsin and is one of the largest in the United States by enrollment. As of the 2017-2018 school year, MPS served 76,856 students in 160 schools and had seven of the state’s top schools.

Milwaukee has seven established universities, including the University of Wisconsin – Milwaukee, which is the second largest in the state of Wisconsin with over 25,412 students enrolled. Other universities in the area include , Cardinal Stritch University, Concordia University, , and the Milwaukee School of Engineering.

Milwaukee has many other universities varying from technical colleges, art schools and online institutions. This list includes Milwaukee Area Technical College with about 36,935 Milwaukee School of Engineering’s Kern Center students, Kaplan Milwaukee, Milwaukee Institute of Art and Design, University of Phoenix, Mount Mary College, Wisconsin Lutheran College, Bryant and Stratton College-Milwaukee, Strayer University, DeVry University and Waukesha County Technical College.

TOP MILWAUKEE COLLEGES BASED ON 2017 STUDENT ENROLLMENT College/University Number of Students Milwaukee Area Technical College 36,935 University of Wisconsin - Milwaukee 25,412 Waukesha County Technical College 21,302 Marquette University 11,426 Carroll University 3,459 Sources: http://mps.milwaukee.k12.wi.us/MPS-Shared/Documents/MPS-District-Fact-Sheet.pdf https://www.matc.edu/matc_news/story_of_matc.cfm Milwaukee School of Engineering 2,823 http://uwm.edu/facts/#/ https://www.wctc.edu/about-wctc/facts-about-wctc.php Cardinal Stritch University 2,464 http://www.marquette.edu/about/student-demographics.php https://www.carrollu.edu/about/fast-facts https://www.msoe.edu/about-msoe/who-we-are/about-us/ https://www.stritch.edu/About/Mission-Vision UW MILWAUKEE

As Wisconsin’s only public urban research university, UWM has established an international reputation for excellence in research, community engagement, teaching and entrepreneurism.

On a budget of $667 million, UWM educates 25,000 students and is an engine for innovation in southeastern Wisconsin. It does this as a low-cost leader among the nation’s 200 research universities, with lower administrative and overhead spending compared to peer institutions nationwide.

The Princeton Review named UWM a 2017 Best Midwestern university based on overall academic excellence and student reviews. Times Higher Education lists UWM among the world’s 600 best universities. 25,412

The U.S. Department of Education named UWM a National Resource Center for STUDENTS Global Studies in 2014, recognizing the university’s ability to strengthen global competitiveness through international studies and world language training.

3,423 EMPLOYEES

SOURCE: http://www.uwm.edu

SOURCE: Facebook REDEVELOPMENT OPPORTUNITY

TRANSPORTATION The Milwaukee MSA has an extensive transportation network with service provided by truck, rail, air and ship. Local businesses are provided ready access to national and international markets and suppliers, as well as passengers with convenient traveling alternatives.

General Mitchell International Airport is in the southern section of the city of Milwaukee and provides national and international passenger and freight carriers and is a convenient alternative to crowded O’Hare International Airport in Chicago. Located just 8 miles south of downtown Milwaukee, the airport serves multiple air carriers and more than 6.9 million people a year. Supplementing Mitchell Field is Lawrence J. Timmerman field, a regional airport located in the northwest section of the city.

Numerous rail carriers for freight and Amtrak for passenger service extensively serve the Milwaukee area. The Milwaukee Intermodal Station serves more than 1.3 million passengers annually. Amtrak’s Hiawatha line alone, which connects the city to Chicago’s Union Station, had 769,405 passengers in 2017. An extensive highway system that includes Interstates 94, 894, 43, 45 and 794 that connects to the United States highway system, the rest of the state, as well as the entire Midwest are readily accessible. Cargo being shipped by truck can reach any point in the continental United States within 72 hours.

Milwaukee is also an important inland port, with accessibility to the Atlantic Ocean via the Great Lakes and the St. Lawrence Seaway. The Lake Express ferry, a high-speed ferry, links the states of Wisconsin and Michigan and serves more than 100,000 passengers annually. The Lake Michigan crossing takes just two and one-half hours from Milwaukee to Muskegon, saving passengers a lengthy drive through heavily congested Chicago.

The Milwaukee County Transit System, the city’s public bus transportation, with 59 different routes, serves more than 18.2 million miles per year. In 2017, ridership was approximately 34.6 million. Additionally, Milwaukee has introduced a bike share program, Bublr Bikes. Currently 100+ different stations are located in downtown, with ridership reaching 91,000 in 2017. TOURISM & RECREATION Milwaukee is home to a thriving cultural and art community with a wide variety to entertain and educate its residents and visitors. These venues and major attractions include the Harley-Davidson Museum, The Pabst Theater, Milwaukee Public Museum, Milwaukee Art Museum, Betty Brinn Children’s Museum, Discovery World, the Milwaukee County Historical Society, Mitchell Park Horticultural Conservatory, the Milwaukee County Zoo and the Grohmann Museum, part of the Milwaukee School of Engineering.

Milwaukee has long been recognized as a hub of entertainment activity. MILWAUKEE-AREA ATTENDANCE During the summer, Henry Maier Festival Park is home to numerous festivals Event 2017 Attendance such as SummerFest, one of the largest music festivals. The city has also Potawatomi Hotel and Casino 6,424,889 gained the nickname of the “City of Festivals” due to the wide variety of festivals hosted through the city each year. The grounds are home to a Miller Park - 2,627,705 different festival every weekend from April to October. The Wisconsin State Wisconsin State Fair 1,928,049 Fairgrounds, located just west of downtown, hosts the annual State Fair. Summerfest 831,769 Milwaukee Art Museum 385,000 Milwaukee is known nationwide for giving an extremely devoted and Milwaukee Film Festival 76,899 passionate sports fan base to cheer on both their professional and collegiate sports teams. These sports franchises include professional teams Sources: https://www.bizjournals.com/milwaukee/subscriber-only/2017/09/29/top-milwaukee-area- such as the Milwaukee Brewers (MLB) and the (NBA) as special-attractions.html well as collegiate teams such as the (NCAA) and https://www.baseball-reference.com/teams/MIL/attend.shtml https://www.bizjournals.com/milwaukee/news/2017/08/16/wisconsin-state-fair-attendance-tops-1- the University of Wisconsin- (NCAA). million-for.html https://www.biztimes.com/2017/industries/arts-entertainment-sports/summerfest-attendance-up-3-4- The city’s prominent sports venues include Miller Park (home to the percent-in-2017/ https://www.bizjournals.com/milwaukee/subscriber-only/2017/09/29/top-milwaukee-area-special- Milwaukee Brewers [MLB]) and the new Milwaukee Bucks arena (home to attractions.html the Milwaukee Bucks [NBA], [AHL], and the Milwaukee https://www.bizjournals.com/milwaukee/subscriber-only/2017/09/29/top-milwaukee-area-special- Iron [Arena Football]). attractions.html DRIVE TIME MAP DEMOGRAPHIC BRIEF REDEVELOPMENT OPPORTUNITY

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area overview 25 NAME LATITUDE LONGITUDE

2481 N CRAMER ST 43.0631674225782 -87.8864410330658

©2017 CBRE. This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs. Source: Esri ProjectID:188485 DEMOGRAPHIC OVERVIEW

1 Mile 3 Miles 5 Miles 2018 Population - Current Year Estimate 35,032 138,924 338,509 2023 Population - Five Year Projection 35,439 141,014 338,267 2010 Population - Census 33,521 135,519 341,112 2000 Population - Census 32,508 134,863 350,446 2010-2018 Annual Population Growth Rate 0.54% 0.30% -0.09% 2018-2023 Annual Population Growth Rate 0.23% 0.30% -0.01% 2018 Households - Current Year Estimate 18,638 60,172 131,232 2023 Households - Five Year Projection 18,829 61,286 131,426 2010 Households - Census 17,837 58,005 131,356 2000 Households - Census 17,646 56,711 132,072 2010-2018 Annual Household Growth Rate 0.53% 0.45% -0.01% 2018-2023 Annual Household Growth Rate 0.20% 0.37% 0.03% 2018 Average Household Size 1.78 2.11 2.47 2018 Average Household Income $67,047 $65,164 $58,040 2023 Average Household Income $75,396 $73,134 $64,593 2018 Median Household Income $42,123 $37,928 $35,485 2023 Median Household Income $46,210 $41,581 $37,957 2018 Per Capita Income $36,266 $29,399 $23,104 2023 Per Capita Income $40,643 $32,941 $25,700 2018 Housing Units 20,471 68,440 152,766 2018 Vacant Housing Units 1,833 8,268 21,534 2018 Occupied Housing Units 18,638 60,172 131,232 2018 Owner Occupied Housing Units 3,985 16,015 41,522 2018 Renter Occupied Housing Units 14,653 44,157 89,710 2018 Population 25 and Over 22,162 83,266 200,835 HS and Associates Degrees 7,191 35,657 103,385 Bachelor's Degree or Higher 13,879 38,471 62,634 2018 Businesses 956 6,616 11,127 2018 Employees 15,250 130,379 198,626 26 CONTACT US

PATRICK GALLAGHER, CCIM WAYNE RAPPOLD MAX SCHULTZ Executive Vice President Senior Associate Associate +1 414 274 1688 +1 414 274 1647 +1 414 274 1673 [email protected] [email protected] [email protected]

Capital Markets | Investment Properties