Single-Tenant Net-Leased Office
For Sale
$3,000,000
1575 W Business Hwy 151, Platteville, WI 53818
Fully occupied office investment with a long-term lease, scheduled annual rent increases, and occupancy extending through November 2033.
Property Size21,175 SF
Price / SF$141.68
Days on Market17
Property Features for 1575 W Business Hwy 151
General Information
Standard status
Active
Size
21,175 SF
Property subtype
Single-Tenant Office
Occupancy
100%
Lease Type
NNN
Net Operating Income
$266,964
Financials
Asking Price
$3,000,000
Cap Rate
8.9%
Amenities
±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
Building Details
Building Size
21,175 SF
Tenancy
Single
Listing Agency:
Chicago Downtown Office
(312) 327-5470
Listed By:
Peter Doughty · License #License(s): IL: 475.177502
(312) 327-5470
Source:
Marcusmillichap
Added: Aug 14
Changed: Aug 29
Last Checked: Aug 29 at 4:42PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Chicago Downtown Office
Investment Insights
Based on property information with market context.
This 21,175-square-foot office building is fully leased to Belcan under a net lease extending through November 2033. The agreement provides 2.50% annual rent increases, and the property has recorded more than 20 years of tenant occupancy. Belcan was acquired by publicly traded Cognizant, NASDAQ: CTSH, in 2024.
The property is located at 1575 W Business Hwy 151 in Platteville, Wisconsin. Its single-tenant office configuration and established occupancy provide a straightforward investment profile for an owner seeking an income-producing commercial asset with contractual lease growth.
The property is located at 1575 W Business Hwy 151 in Platteville, Wisconsin. Its single-tenant office configuration and established occupancy provide a straightforward investment profile for an owner seeking an income-producing commercial asset with contractual lease growth.
Key Highlights
- 21,175‑square‑foot office building
- 100% leased to Belcan
- Net lease extends through November 2033
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
245
Businesses Nearby
Explore this area
Business Placement
Demographics for 53818, WI
15,786
Population
6,146
Households
2.6
Avg Household Size
28
Median Age
39%
College-Educated
93%
High-School Grad
154.4 sq mi
ZIP Area
102
Density / Sq Mi
$55,615
Median Household Income
$20,296
Median Earnings
$887
Median Rent
$214,200
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Fully occupied office investment with a long-term lease, scheduled annual rent increases, and occupancy extending through November 2033.
Where is this office building located?
The property is located at 1575 W Business Hwy 151 Platteville, WI.
What is the asking price?
The asking price for this property is $3,000,000.
What are key features of this property?
This property features: 21,175‑square‑foot office building; 100% leased to Belcan; Net lease extends through November 2033
