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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.
Property Type(s):
Commercial
| Last Updated | 6/16/2026 | Year Built | 0 |
|---|---|---|---|
| County | Dane |
Additional Details
| AIR | Central Air |
|---|---|
| AIR CONDITIONING | Yes |
| HEAT | Forced Air, Natural Gas, Zoned |
| LOT | 2.27 acre(s) |
| MLS STATUS | Active |
| PARKING | On Site, Paved |
| SEWER | Public Sewer |
| STORIES | 2 |
| TAXES | 37895 |
| WATER | Public |
Listed with American, REALTORS
Information is supplied by seller and other third parties and has not been verified.
Copyright 2026 South Central Wisconsin MLS Corporation. All rights reserved.
IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
This IDX solution is (c) Diverse Solutions 2026.
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