Marcus & Millichap is pleased to present the opportunity to acquire the property located at W8622 Willis Ray Road in Whitewater, Wisconsin. The subject property consists of approximately 42,334 square feet of manufacturing and warehouse space situated on approximately 2.65 acres. The single-tenant property features metal construction, clear heights ranging from ± 12′ to 20′, two dock-high doors, and one drive-in door. Situated in an agricultural basin along U.S. Route 12, the property has proximity to Interstates 43 and 90. This prime location allows for convenient access to major transportation routes, making it an ideal location for a manufacturing or distribution facility.
This investment opportunity offers a recently renewed five-year triple-net (NNN) lease at $5.26 per square foot with 3.0 percent annual escalations and two five-year renewal options, generating a 9.27 percent cap rate. The property is leased to All States Ag Parts, LLC (now doing business as Parts ASAP), a leading North American distributor of new, used, and remanufactured replacement parts for agricultural, construction, and industrial equipment. The property’s 100 percent occupancy status and strong tenant profile make it an attractive investment opportunity. The Walworth West industrial submarket, where the property is situated, boasts a low vacancy rate of just 1.4 percent, well below the 7.8 percent national average (Costar, top 50 metros, classes A, B, & C, and minimum 10,000 square feet).
The Chicago metropolitan area, in which the Walworth West submarket is situated, is a major economic hub in the Midwest, spanning over 10 counties and covering approximately 10,874 square miles. With a population of over 9.5 million people, the market is driven by a diverse range of industries, including manufacturing, logistics, and healthcare. The region has experienced steady job growth and population growth, with many companies relocating to the area due to its strategic location and access to major transportation infrastructure, including O’Hare International Airport and several major highways. The market is home to several major corporate headquarters, including those in the manufacturing and logistics sectors.
BROKER OF RECORD
Todd Lindblom
Wisconsin Broker of Record
13890 Bishops Drive, Suite 300
Brookfield, WI 53005
Office (262) 364-1964
Todd.Lindblom@MarcusMillichap.com
License: 56163-90
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, express or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Marcus & Millichap is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2026 Marcus & Millichap. All rights reserved. (Activity ID: ZAH0370456)
