Single-Tenant Office
Single Tenant Net Leased Office (NASDAQ: CTSH)
1575 W Business Hwy 151, Platteville, WI 53818
Listing Price: $3,000,000
Investment Overview
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%.
Single Tenant Net Leased Office (NASDAQ: CTSH)
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 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
- 0% vacancy among comparable 10,000–30,000 SF 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 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 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
- 0% vacancy among comparable 10,000–30,000 SF Platteville office buildings
- Nearby University of Wisconsin–Platteville provides a steady engineering and technology workforce
Investment Overview
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%.
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