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2908 Marketplace Dr 64,984 SF 100% Leased Office Building Madison, WI 53719 $8,800,000 ($135.42/SF) 9.90% Cap Rate
Investment Highlights
- Anchored by Dashiell Corporation since 2014 with a recent early lease extension through December 2033
- Prominently positioned directly adjacent to Sub-Zero Group Fitchburg campus boasting over 1.6 MSF across 114 AC and nearby the Promega Corp Global HQ
- Recent capital improvements including parking lot replacement (2022) and replacement of all RTUs between 2018 and 2023
- 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
- Building sits 5 miles south of the Madison CBD within Fitchburg, a growing innovation and tech hub with over $200 million in recent developments
Executive Summary
**PRICE REDUCED**
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.
The building is well located within the Fitchburg Business Park, sitting just south of Madison and only two miles from the Madison Beltline bypass highway. Neighboring the south and west sides of the Dashiell building is the Sub-Zero & Wolf Appliance Fitchburg campus with over 1.6 MSF across 114 AC. Included in their campus is a recently completed $70 million, 350,000 SF innovation center directly south of Dashiell. Additional nearby recently completed developments include Promega’s $114 million, 160,000 SF small molecule production facility and the $29.5 million O’Brien Solar Fields with over 60,000 bifacial solar panels and a 20-megawatt capacity.
This property, with a recent $770,000 price reduction, provides an excellent opportunity to acquire a stabilized, well-maintained building with a 7 year WALT. Located in the heart of a growing innovation and technology hub, the area boasts over $200 million in recent developments, making it a prime investment.
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.
The building is well located within the Fitchburg Business Park, sitting just south of Madison and only two miles from the Madison Beltline bypass highway. Neighboring the south and west sides of the Dashiell building is the Sub-Zero & Wolf Appliance Fitchburg campus with over 1.6 MSF across 114 AC. Included in their campus is a recently completed $70 million, 350,000 SF innovation center directly south of Dashiell. Additional nearby recently completed developments include Promega’s $114 million, 160,000 SF small molecule production facility and the $29.5 million O’Brien Solar Fields with over 60,000 bifacial solar panels and a 20-megawatt capacity.
This property, with a recent $770,000 price reduction, provides an excellent opportunity to acquire a stabilized, well-maintained building with a 7 year WALT. Located in the heart of a growing innovation and technology hub, the area boasts over $200 million in recent developments, making it a prime investment.
Data Room Click Here to Access
Property Facts Under Contract
Sale Type
Investment
Property Type
Office
Building Size
64,984 SF
Building Class
B
Year Built
2000
Price
$8,800,000
Price Per SF
$135.42
Cap Rate
9.90%
NOI
$871,200
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
64,984 SF
Building FAR
0.25
Lot Size
6.05 AC
Zoning
C - Commercial
Parking
346 Spaces (5.32 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
- Signage
- Air Conditioning
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Dashiell Corporation
- Utilities
-
99,999 SF
- -
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Lorem Ipsum
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Jan 0000
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- Services
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99,999 SF
- -
- -
- -
To promote excellence in the care and education of children by: Recognizing and celebrating professional achievements Promoting and supporting personal growth Designing and aligning career pathways
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- Health Care and Social Assistance
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99,999 SF
- -
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Lorem Ipsum
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In 1971, WECA was launched to direct the first statewide conferences for Wisconsin child care providers. From those early days with a half-time Executive Director and a volunteer staff, WECA has grown immensely.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Dashiell Corporation | Utilities | 99,999 SF | - | Lorem Ipsum | Jan 0000 | |
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Services | 99,999 SF | - | - | - | |
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Health Care and Social Assistance | 99,999 SF | - | Lorem Ipsum | - |
Fairly walkable
40/100
Very drivable
80/100
Very bikeable
80/100
Property Taxes
| Parcel Number | 0609-082-7670-2 | Improvements Assessment | $6,494,500 |
| Land Assessment | $1,208,600 | Total Assessment | $7,703,100 |
Property Taxes
Parcel Number
0609-082-7670-2
Land Assessment
$1,208,600
Improvements Assessment
$6,494,500
Total Assessment
$7,703,100
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2908 Marketplace Dr
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