625 Cashman Dr - Distribution FOR SALE


Chippewa Falls, WI 54729
$5,104,000 USD
310-853-1419
625 Cashman Dr, Chippewa Falls, WI for Sale
$5,104,000 USD
Distribution - FOR SALE
1/4
null | 6.85% Cap Rate

625 Cashman Dr
Chippewa Falls, WI 54729


HIGHLIGHTS

  • The property features a Triple Net (NNN) Lease with minimal landlord responsibilities and 6+ years of base term remaining.
  • 1% annual rental increases provide a consistent hedge against inflation.
  • Cadrex is a leading North American manufacturer and solutions partner with over 20 facilities across 10 states.
  • Due to the tenant’s strong performance at this site, Cadrex doubled its footprint from 24,000 SF to 48,000 SF in 2022 through new construction.
  • Priced at under $107 per square foot, this opportunity is offered well below replacement cost and includes a sizable lot of over 7 acres—valued.
  • Situated just 1.7 miles (roughly a 2-minute drive) from WIS-29, officially designated the “World War I Veterans Memorial Highway,”.

OVERVIEW

We are pleased to exclusively offer for sale the single-tenant 48,000 SF Cadrex facility located at 625 Cashman Dr in Chippewa Falls, WI. The lease originally commenced in December 2019 for 24,000 SF with Advanced Laser Machining, Inc. Following the tenant’s growth, the building was expanded to 48,000 SF, and the lease was amended and restated effective January 2022. In October 2021, CORE Industrial Partners, a Chicago-based private equity firm, acquired Advanced Laser Machining under its portfolio company, Cadrex, strengthening the tenancy. The property features a Triple Net (NNN) Lease with minimal landlord responsibilities, 1% annual rent increases, and over 6+ years remaining on the base term—offering investors secure income, steady rent growth, and an attractive yield at a low cost PSF. In Cooperation With ParaSell, Inc. , A Licensed Wisconsin Broker - Lic. #938545-91 BoR: Scott Reid - Lic. WI #58772-90

FOR SALE DETAILS

PRICE

$5,104,000 USD

PRICE/SF

$233 USD /SF

CAP RATE

6.85%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Cadrex - Chippewa Falls, WI

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Distribution

ADD'L SUBTYPES

Manufacturing

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2019

UTILITIES

-

CLEAR CEILING HT

-

DOCKS

-

DRIVE INS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

7.16

LAND SF

311,890

ZONING

-

APN/PARCEL ID

22808-0413-75064001

ASK ABOUT THIS PROPERTY

Daniel HoogestegerSands Investment GroupMore Info
310-853-1419

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Daniel HoogestegerSands Investment GroupMore Info
310-853-1419

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