Strategic Industrial Acquisition and Long-Term Investment in Oak Creek
Oak Creek Forest Hill is a 300,000-square-foot single-tenant industrial facility located at 245 W. Forest Hill Avenue in Oak Creek, Wisconsin. Acquired by General Capital in 2015, the property is fully occupied by Nordco and benefits from rail access, proximity to Interstate 43, and a strategic location adjacent to Drexel Town Square. Originally constructed in 1976, the facility underwent substantial renovations in 1996, 2003, 2004, and 2015, establishing a versatile industrial property within one of southeastern Wisconsin's active commercial and employment corridors.
General Capital's investment strategy focused on securing long-term tenancy, modernizing the facility, and strengthening asset performance through proactive management. The acquisition included a new 10-year lease with Nordco, followed by significant warehouse and office improvements funded by the tenant. General Capital also invested in parking lot repairs, landscaping, and additional property upgrades. Following Nordco's acquisition by Wabtec, the investment benefited from strengthened tenant credit, while a subsequent refinancing returned 100% of the original investor equity without relinquishing ownership of the property.
Key Themes
- Strategic industrial acquisition establishing a stable, long-term investment.
- Large-scale manufacturing facility offering rail access and regional connectivity.
- Long-term tenant partnership supporting substantial facility modernization and reinvestment.
- Prime Oak Creek location adjacent to Drexel Town Square.
- Proactive asset management strengthening lease stability and investment performance.
Results
- 300,000 SF industrial facility acquired in 2015.
- 10-year lease secured with Nordco at acquisition.
- $1.5 million+ tenant investment supporting warehouse and office improvements.
- 100% investor equity returned through refinancing while retaining ownership.
- 100% occupancy maintained through continued tenancy with Nordco.