Courtesy: American, REALTORS
608-834-2600
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.
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Cottage Grove is located in Wisconsin. Cottage Grove, Wisconsin has a population of 7,255. Cottage Grove is more family-centric than the surrounding county with 40.06% of the households containing married families with children. The county average for households married with children is 33%.
The median household income in Cottage Grove, Wisconsin is $118,433. The median household income for the surrounding county is $78,452 compared to the national median of $69,021. The median age of people living in Cottage Grove is 39.4 years.
The average high temperature in July is 81.6 degrees, with an average low temperature in January of 9.7 degrees. The average rainfall is approximately 35.7 inches per year, with 41.5 inches of snow per year.
