Listing Courtesy of: American, REALTORS
Listing Agent: David Baehr
608-213-6686
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.
| Mls #: | 2025939 |
|---|---|
| List Price: | $4,900,000 |
| Class: | Business/Commercial |
| Status: | Active |
| Net Taxes: | $37,895 |
| Est. Total Acres: | 2.27 |
| Waterfront?: | No |
| Municipality: | Cottage Grove |
| County: | Dane |
| ZIP: | 53527 |
| Year Built: | 2024 |
| Total Units/Bldg.: | 1 |
| Location: | Cottage Grove-V |
| State: | WI |
| Price Per Sqft: | $255.06 |
| C/T/V: | Village |
| Re Sale: | Yes |
| Business Sale: | No |
| Lease Only: | No |
| U1 Renewal Option: | Yes |
| Zoning: | PB |
| Approx. Bldg. Dimen.: | Varies |
| Onsite Parking: | yes |
| U1 Lease Type: | NNN |
| U1 Lease Exp. Date: | 0 |
| Lot Dimensions: | 303x330 |
| Trade Name: | New Tech |
| Ceiling Height Min: | 9 |
| Ceiling Height Max: | 21 |
| Number Of Loading Docks: | 0 |
| Total Assess Year: | 2025 |
| Tax Year: | 2025 |
| Street Frontage: | 596 |
| Income/Expenses Year: | 2025 |
| # Of Stories: | 2 |
| Land Assess: | $247,600 |
| Improvements: | $1,262,500 |
| Total Assess: | $1,510,100 |
| Bldg Gross Sq Ft: | 19,211 |
| Net Operating Income: | $19,211 |
| Gross Operating Income: | $465,317 |
| Annual Operating Exp: | $9,354 |
| Annual Rent/Sq Ft: | $20.36 |
| Source Of Est. Acres: | Assessor |
| Source Of Year Built: | Builder |
| County Qtr Section: | Dane SE |
| Parcel Id: | 0711-081-4822-1 |
| Addl Wisconsinhomes Rmrks: | Contact David Baehr at 608-213-6686 (call or text) or david@baehrinc.com for additional information. |
| Type: | Retail, Office, Service, Manufacturing, Warehouse, Industrial, Automotive |
| Location: | Business district, Corner |
| Present Use: | Retail, Office, Warehouse |
| Exterior: | Steel |
| Roofing: | Rubber/membrane |
| Water/Waste: | Municipal sewer, Municipal water |
| Heating/Cooling: | Central air, Forced air, Zoned heating |
| Fuel: | Natural gas |
| Building Parking: | 36-55 spaces, Onsite, Paved |
| Sale Includes: | Furniture |
| Documents On File: | Lease(s), Blue prints, Certified survey map |
| Tenant Pays: | All expenses |
| Lease Type: | Multiple years, Renewal options, Triple net |
| Features: | Overhead doors, Truck dr(s) 15ft or lower, Private Restrooms, 3 phase electric, Reception area, Signage available, Security system, Internal sprinkler, Private office(s) |
| Miscellaneous: | Internet -Fiber Available |
| Terms/Option: | Seller may assist |
| Occupancy: | Tenant(s) |
| Basement: | Poured concrete foundatn, Slab/None |
| Directions: | Northwest Corner of Cottage Grove Rd and Sandpiper Trl |
| Items Excluded: | Seller's trade tools and inventory |
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South Central Wisconsin Multiple Listing Service data last updated on October 08, 2026 04:31 PM - CT.
Property Last Updated: October 08, 2026 04:31 PM - CT
