1575 County Road B - Warehouse FOR SALE


Platteville, WI 53818
$3,000,000 USD
312-327-5470
1575 County Road B, Platteville, WI for Sale
$3,000,000 USD
Warehouse - FOR SALE
1/7
null | 8.9% Cap Rate

1575 County Road B
Platteville, WI 53818


HIGHLIGHTS

  • ±21,175 SF office building, 100% leased through November 30, 2033, generating $266,963 NOI with 2.50% annual rent increases and over a 10% day-one cas
  • Investment-grade tenancy with Belcan, acquired by publicly traded Cognizant (NASDAQ: CTSH)
  • Tenant has occupied the Property since 2003 and executed multiple lease extensions, demonstrating long-term commitment
  • Prime Highway 151 location with access to Madison, Dubuque, and surrounding Midwest markets
  • 0% vacancy among comparable 10,000–30,000 SF Platteville office buildings
  • Nearby University of Wisconsin–Platteville provides a steady engineering and technology workforce

OVERVIEW

The Doughty Industrial Group of Marcus & Millichap is pleased to present the exclusive offering of a ±21,175-square-foot net-leased office property at 1575 East Business Highway 151 in Platteville, Wisconsin. The Property is 100% leased to Belcan, acquired by publicly traded Cognizant (NASDAQ: CTSH) in 2024, under a lease extending through November 2033 with 2.50% annual rent increases. Backed by over 20 years of tenant occupancy, a mission-critical operating history, and exceptional local market fundamentals, the property offers stable cash flow, contractual rent growth, and an attractive day-one return. At the current list price of $3,000,000 the investment offering generates an in-place net operating income of $266,964, which equates to a capitalization rate of 8.90%.

FOR SALE DETAILS

PRICE

$3,000,000 USD

PRICE/SF

$133 USD /SF

CAP RATE

8.9%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1990

UTILITIES

-

CLEAR CEILING HT

-

DOCKS

-

DRIVE INS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

6.34

LAND SF

276,345

ZONING

M3 - Mixed Use Commercial

APN/PARCEL ID

271-00930-0004

ASK ABOUT THIS PROPERTY

Peter DoughtyMarcus & MillichapMore Info
312-327-5470

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Peter DoughtyMarcus & MillichapMore Info
312-327-5470

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.