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2908 Marketplace DrFitchburg, WI 53719
Dashiell Corp Anchored Building
Asset ClassOffice
Cap Rate9%
Weighted Average Lease Term: 7 YearsSquare Feet: 64,984Occupancy: 95%Access Data Room
overview of deal

Overview

Colliers is pleased to offer to qualified investors the opportunity to acquire a stabilized multi-tenant building located in the thriving Madison MSA. Located at 2908 Marketplace Dr in Fitchburg, WI, the Dashiell Corp Anchored Building is a 64,984 SF single story building 95% leased to three tenants. The building is anchored by Dashiell Corporation, a leading national provider of high and medium voltage electrical services. Dashiell is an operating company of Quanta Services (NYSE: PWR), a specialized contracting company with over 200 operating companies producing $23.7 billion in 2024 revenues. Dashiell leases 77% of the building under a long term lease.

 

Pricing: $9,570,000 (9.00% cap rate, $147 PSF)

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Investment Highlights

  • Anchored by Dashiell Corporation since 2014 with a recent early lease extension through December 2033.
  • Dashiell is an operating company under Quanta Services (NYSE: PWR), a Fortune 500 company with over 200 operating companies and $23.67 billion in FY24 revenue.
  • Prominently positioned directly adjacent to Sub-Zero Group Fitchburg campus boasting over 1.6 MSF across 114 AC and nearby the Promega Corporation Global Headquarters campus.
  • Building sits 5 miles south of the Madison CBD within the desirable suburban community of Fitchburg, a growing innovation and technology hub with over $200 million in recent developments.
  • Recent capital improvements including parking lot replacement (2022) and replacement of all RTUs between 2018 and 2023.
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2908 Marketplace DrFitchburg, WI 53719
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Listing provided by Revere CRE