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Listed by David Baehr • American, REALTORS
$ 4,900,000
Est. payment /mo
Active
645 Sandpiper Trail Cottage Grove, WI 53527
19,623 SqFt
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 19,623 sqft
Price per Sqft $249
Municipality COTTAGE GROVE
MLS Listing ID 2025939
Year Built 2024
Annual Tax Amount $37,895
Tax Year 2025
Lot Size 2.270 Acres
Acres 2.27
Property Description
Exceptional owner-user or investment opportunity to acquire a brand-new, 19,622 SF Class-A flex complex at 645 Sandpiper Trail in rapidly growing Cottage Grove. Offered well below replacement cost, this modern facility accommodates retail, office, showroom, and warehouse needs. Majority of the 18,147 SF main building will be delivered vacant upon acquisition, providing a pristine canvas for an owner-occupant or an investor looking to lease at market rates in the expanding Madison economic hub. Adding incredible value is a separate, fully built-out 1,475 SF detached building featuring rental units that are 100% leased, providing immediate passive income to offset carrying costs from day one. Boasting new construction and low maintenance, this premier asset is positioned for long-term appreciation. Note: Advertised financials are pro forma, trading at a proposed 9.3% cap rate based on the partially vacant main building being leased at $19.50/SF NNN.
Location
State WI
County Dane
Zoning PB
Rooms
Basement None, None / Slab, Poured Concrete
Interior
Heating Natural Gas
Cooling Forced Air, Central Air, Zoned Heating
Exterior
Utilities Available High Speed Internet Available
Roof Type Rubber/Membrane
Building
Story 2
Sewer Municipal Water, Municipal Sewer
New Construction N
Others
Acceptable Financing Seller May Assist
Listing Terms Seller May Assist
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