Courtesy of: David Baehr, American, REALTORS, David@baehrinc.com
Courtesy of: David Baehr, American, REALTORS, David@baehrinc.com
$4,900,000
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19,211 square feet
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Lot: 2.27 Acres
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Other
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$4,900,000
645 Sandpiper Trail 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.
Courtesy of: David Baehr, American, REALTORS, David@baehrinc.com
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