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33799757
33833374

645 Sandpiper, Cottage Grove, WI 53527

DB
WI WI 52609-90
American Realtors
Listed by American Realtors
$4,900,000
469 days on market
Updated 0 days ago

New Tech

Details
APN 0711-081-4822-1
Property Type Retail, Office (+1)
Sub Type Storefront, Traditional Office (+4)
Square Footage 19,623
Net Rentable (SqFt) 19,622
Units 1
NOI $455,963
Occupancy 18.73%
Tenancy Multi
Lease Type NNN
Lease Expiration 04/30/2027
Rent Bumps Yes
Pro-Forma Cap Rate 9.31%
Pro-Forma NOI $455,963
Price per SqFt $250
Class A
Year Built 2024
Buildings 2
Stories 2
Acreage 2.270
Zoning PB
Parking Spaces 28 spaces
Parking Per SqFt 1.43
Investment Type Owner/User
Lease Commencement 05/01/2025
Ground Lease No
Ceiling Height 21
Ownership Hensiak Holdings
Sale Condition N/A

Class A Flex Complex Well Below Replacement Costs

Marketing 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.

Investment highlights

Deep Value Discount: Brand-new, premier Class-A steel construction priced significantly below regional physical replacement costs, bypassing ongoing supply chain delays and CapEx.

Significant Pro Forma Upside: Positioned to trade at a highly lucrative 9.3% pro forma cap rate based on leasing the remaining vacant main space at a market-stabilized $19.50/SF NNN.

Immediate Income Insulation: Features a separate, fully built-out 1,475 SF detached building that is 100% leased, delivering reliable, immediate passive cash flow to offset property carrying costs from day one.

Institutional Amazon Validation: Strategically situated a mere 1.4 miles south of the massive, newly developed 3.4 Million SF Amazon Fulfillment Center, placing it directly in a primary logistical and support corridor.

Premium Civil Infrastructure: Heavy-duty, PUD-zoned corner lot equipped with 28 paved parking stalls, 2 dedicated truck lanes, robust 200-AMP 3-phase electrical capabilities, underground fiber-optic internet feeds, and integrated North/South wet stormwater retention ponds.

Blistering Submarket Growth: Located in the primary eastern gateway to the Madison economic hub, boasting an explosive 4.33% annual population growth rate and a highly affluent local labor demographic with a median household income of $139,313.

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Listing Contacts

DB
WI WI 52609-90
American Realtors
Listed by American Realtors

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$455,963.00
$37,996.92/mo

Valuation Metrics

0
DSCR
9.31%
Cap Rate
9.31%
ROI

Map

Zoning

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PB PlannedPlanned Business District
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Last updated Jan 20, 2026 For deeper zoning details, reports are available at Zoneomics

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Additional Information

Name
David Baehr
License
WI 52609-90
Brokerage
American Realtors
Brokerage Phone
6082136686
Title
Real Estate Broker
Brokerage Address
202 West Main Street
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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