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Cadrex - Chippewa Falls, WI 625 Cashman Dr 48,000 SF Industrial Building Chippewa Falls, WI 54729 $7,056,280 CAD ($147.01 CAD/SF) 6.85% Cap Rate
INVESTMENT HIGHLIGHTS
- The property features a Triple Net (NNN) Lease with minimal landlord responsibilities and 6+ years of base term remaining.
- Cadrex is a leading North American manufacturer and solutions partner with over 20 facilities across 10 states.
- 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.
- 1% annual rental increases provide a consistent hedge against inflation.
- 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.
- Situated just 1.7 miles (roughly a 2-minute drive) from WIS-29, officially designated the “World War I Veterans Memorial Highway,”.
EXECUTIVE SUMMARY
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
In Cooperation With ParaSell, Inc. , A Licensed Wisconsin Broker - Lic. #938545-91 BoR: Scott Reid - Lic. WI #58772-90
PROPERTY FACTS
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Cadrex
- Administrative and Support Services
- 48,000 SF
- $10.06 CAD
- Triple Net
- Jan 2032
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Cadrex | Administrative and Support Services | 48,000 SF | $10.06 CAD | Triple Net | Jan 2032 |
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PROPERTY TAXES
| Parcel Number | 22808-0413-75064001 | Improvements Assessment | $1,255,085 CAD |
| Land Assessment | $130,518 CAD | Total Assessment | $1,385,602 CAD |
PROPERTY TAXES
Parcel Number
22808-0413-75064001
Land Assessment
$130,518 CAD
Improvements Assessment
$1,255,085 CAD
Total Assessment
$1,385,602 CAD
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Cadrex - Chippewa Falls, WI | 625 Cashman Dr
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