Faris Lee Investments, a retail advisory and investment sales firm, has completed the $4.6 million sale of Windsor Pointe, a 13,965-square-foot, fully occupied multi-tenant retail center in Kenosha, Wisconsin.
The property is within I-94/Highway 50 Regional Town Center which includes Best Buy, Woodman’s Markets, Gander Mountain and other regional and national tenants.
Jeff Conover, senior managing director with Faris Lee Investments, represented the seller, San Diego-based Windsor Pointe Investors. The buyer, Connecticut-based REI Advisors represented itself in the transaction. The closing cap rate was 7.86 percent.
This sale marks the seventh retail property sale in Kenosha that Conover has completed during the past 24 months.
Built in 2004 and situated on 2.26 acres at 7201 120th Ave., the property is within the area’s dominant shopping center and is adjacent to the new I-94/Highway 50 split diamond interchange.
