645 Sandpiper, Cottage Grove, WI 53527
- $4,900,000
Courtesy of David Baehr with American, REALTORS. 608-834-2600
- List Price
- $4,900,000
- Status
- ACTIVE
- MLS#
- 2025939
- Year Built
- 2024
- Lot Dimensions
- New Tech
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.
Additional Information
- Roof
- Rubber
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