Premier Real Estate Development, a Whitewater, Wisconsin-based real estate specialist company, purchased two industrial buildings at 1835 and 1849 Hobbs Dr. in Delavan, WI from Stoughton Trailer, Inc. for $1.1 million, or about $21.26 per square foot.
1849 Hobbs Drive is a 48,750-square-foot manufacturing facility and 1835 Hobbs Drive is a 3,000-square-foot warehouse and maintenance building. Both buildings were constructed in 1994, and were vacant at the time of the sale. The buildings will serve as the new locations for D R Plastics Inc., a waste material recycling company, and Wild Impact Marketing, a marketing and merchandising firm in March 2011, once the build-outs are completed.
John Henderson and Vytau Barcas of NAI MLG Commercial-Brookfield represented the seller, while the buyer was not represented.
Please see CoStar COMPS #2030167 for more information on this transaction.