About 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.
Features of 645 Sandpiper Trail
| MLS® # | 2025939 |
|---|---|
| Price | $4,900,000 |
| Square Footage | 19,211 |
| Acres | 2.27 |
| Year Built | 2024 |
| Type | Business/Comm |
| Sub-Type | Retail, Office, Service, Manufacturing, Warehouse, Industrial, Automotive |
| Status | Active |
| Detailed Status | Active |
| Net Taxes | $37,895 |
| Tax Year | 2025 |
Community Information
| Address | 645 Sandpiper Trail |
|---|---|
| Area | COTTAGE GROVE - V |
| City | Cottage Grove |
| County | Dane |
| State | WI |
| Zip Code | 53527 |
Amenities
| 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) |
|---|---|
| Parking | 36-55 spaces, Onsite, Paved |
Interior
Exterior
| Exterior | Steel |
|---|---|
| Roof | Rubber/membrane |
School Information
Additional Information
| Zoning | PB |
|---|---|
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
| Assessed Value | $1,510,100 |
| Year Assessed | 2025 |
Open House Information
Listing Details
| Office | American, REALTORS |
|---|