Single-Tenant Office
Single Tenant Net Leased Office (NASDAQ: CTSH)
1575 US-151 BUS, Platteville, WI 53818
Listing Price: $3,000,000
Investment Overview
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%.
This long-term net-leased investment features a mission-critical office property fully occupied by Belcan under a lease extending through 2033, providing stable cash flow and contractual annual rent growth.
Single Tenant Net Leased Office (NASDAQ: CTSH)
Investment Highlights
- ±• ±21,175 Square Feet Office Building, 100 Percent Leased Through November 30, 2033, Generating $266,963 NOI with 2.50 Percent Annual Rent Increases and Over a 10 Percent Day-One Cash-on-Cash Return
- Investment-Grade Tenancy with Belcan, Acquired by Publicly Traded Cognizant (NASDAQ: CTSH)
- Tenant has Occupied the Property Since 2003 and Executed Multiple Lease Extensions, Demonstrating Long-Term Commitment
- Prime Highway 151 Location with Access to Madison, Dubuque, and Surrounding Midwest Markets
- Zero Percent Vacancy Among Comparable 10,000–30,000 Square Feet Platteville Office Buildings
- Nearby University of Wisconsin–Platteville Provides a Steady Engineering and Technology Workforce
Single-Tenant Office
Single Tenant Net Leased Office (NASDAQ: CTSH)
Listing Price: $3,000,000
Investment Highlights
- ±• ±21,175 Square Feet Office Building, 100 Percent Leased Through November 30, 2033, Generating $266,963 NOI with 2.50 Percent Annual Rent Increases and Over a 10 Percent Day-One Cash-on-Cash Return
- Investment-Grade Tenancy with Belcan, Acquired by Publicly Traded Cognizant (NASDAQ: CTSH)
- Tenant has Occupied the Property Since 2003 and Executed Multiple Lease Extensions, Demonstrating Long-Term Commitment
- Prime Highway 151 Location with Access to Madison, Dubuque, and Surrounding Midwest Markets
- Zero Percent Vacancy Among Comparable 10,000–30,000 Square Feet Platteville Office Buildings
- Nearby University of Wisconsin–Platteville Provides a Steady Engineering and Technology Workforce
Investment Overview
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%. This long-term net-leased investment features a mission-critical office property fully occupied by Belcan under a lease extending through 2033, providing stable cash flow and contractual annual rent growth.
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