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$4,900,000
Est. payment /mo
19,211 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Retail,Office(s),Warehouse,Service
Listing Status Active
Purchase Type For Sale
Square Footage 19,211 sqft
Price per Sqft $255
MLS Listing ID 2025939
Year Built 2024
Annual Tax Amount $37,895
Tax Year 2025
Lot Size 2.270 Acres
Acres 2.27
Property Sub-Type Retail,Office(s),Warehouse,Service
Property Description
Exceptional owner-user or investment opportunity to acquire a brand-new, 19,211 SF Class-A flex complex at 645 Sandpiper Trail in rapidly growing Cottage Grove. Offered well below replacement cost at $4,900,000, this asset accommodates retail, office, showroom, and warehouse needs. The 14,737 SF main building delivers a pristine canvas for an owner-occupant or value-add investor targeting the expanding Madison hub, arriving mostly vacant. Adding incredible value is a separate, fully built-out 4,474 SF detached building that is 100% leased, delivering immediate passive income to offset carrying costs from day one. Adjusted financials feature a strong 9.15% cap rate ($448,163 NOI), factoring in the recent rent adjustment, with massive upside via absorbing the vacant primary space at $19.50/SF NNN. Bypassing supply chain delays, this high-efficiency property is built for long-term appreciation.
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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