Single Tenant Net Leased Office (NASDAQ: CTSH) — Sale in Platteville, WI

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Office
  • Location: Platteville, WI 53818

Photos

Single Tenant Net Leased Office (NASDAQ: CTSH) — Sale in Platteville, WI, photo 1 of 2
Single Tenant Net Leased Office (NASDAQ: CTSH) — Sale in Platteville, WI, photo 2 of 2

Investment Figures

Cap rate
8.90%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

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 percent leased to Belcan, acquired by publicly traded Cognizant (NASDAQ: CTSH) in 2024, under a lease extending through November 2033 with 2.50 percent 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 percent. Investment Highlights: • ±21,175-Square-Foot 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-Foot Platteville Office Buildings • Nearby University of Wisconsin–Platteville Provides a Steady Engineering and Technology Workforce

Market Context

This office in Platteville, WI is listed for sale. It is offered at an approximate 8.9% capitalization rate, a key benchmark for income-producing office assets. Compare it against other office listings for sale in Platteville, WI — view the full market.

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