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1575 County Road B 21,175 SF 100% Leased Industrial Building Platteville, WI 53818 $4,179,930 CAD ($197.40 CAD/SF) 8.90% Cap Rate
Investment 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
- Tenant has occupied the Property since 2003 and executed multiple lease extensions, demonstrating long-term commitment
- 0% vacancy among comparable 10,000–30,000 SF Platteville office buildings
- Investment-grade tenancy with Belcan, acquired by publicly traded Cognizant (NASDAQ: CTSH)
- Prime Highway 151 location with access to Madison, Dubuque, and surrounding Midwest markets
- Nearby University of Wisconsin–Platteville provides a steady engineering and technology workforce
Executive Summary
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%.
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%.
Financial Summary (Actual - 2025) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$371,964
|
$16.46
|
Financial Summary (Actual - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $371,964 |
| Annual Per SF | $16.46 |
Property Facts
| Price | $4,179,930 CAD | Building Class | B |
| Price Per SF | $197.40 CAD | Lot Size | 6.34 AC |
| Sale Type | Investment | Rentable Building Area | 21,175 SF |
| Cap Rate | 8.90% | No. Stories | 1 |
| Property Type | Industrial | Year Built | 1990 |
| Property Subtype | Warehouse | Opportunity Zone |
Yes
|
| Zoning | M3 - Mixed Use Commercial | ||
| Price | $4,179,930 CAD |
| Price Per SF | $197.40 CAD |
| Sale Type | Investment |
| Cap Rate | 8.90% |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | B |
| Lot Size | 6.34 AC |
| Rentable Building Area | 21,175 SF |
| No. Stories | 1 |
| Year Built | 1990 |
| Opportunity Zone |
Yes |
| Zoning | M3 - Mixed Use Commercial |
1 1
Fairly walkable
40/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 271-00930-0004 | Improvements Assessment | $2,442,472 CAD |
| Land Assessment | $597,033 CAD | Total Assessment | $3,039,506 CAD |
Property Taxes
Parcel Number
271-00930-0004
Land Assessment
$597,033 CAD
Improvements Assessment
$2,442,472 CAD
Total Assessment
$3,039,506 CAD
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1575 County Road B
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