Cadrex – Chippewa Falls, WI

Cadrex
625 Cashman Dr, Chippewa Falls, WI 54729, USA

Sands Investment Group is Pleased to Present For Sale the Cadrex NNN Asset Located in Chippewa Falls, Wisconsin. The lease originally commenced in December 2019 for 24,000 SF with Advanced Laser Machining, Inc. Following the tenant’s growth, the building was expanded to 48,000 SF, and the lease was amended and restated effective January 2022. In October 2021, CORE Industrial Partners, a Chicago-based private equity firm, acquired Advanced Laser Machining under its portfolio company, Cadrex, strengthening the tenancy. The property features a Triple Net (NNN) Lease with minimal landlord responsibilities, 1% annual rent increases, and over 6+ years remaining on the base term—offering investors secure income, steady rent growth, and an attractive yield at a low cost PSF.

  • Attractive Lease Structure & Term: The property features a Triple Net (NNN) Lease with minimal landlord responsibilities and 6+ years of base term remaining.
  • Strong Rental Increases: 1% annual rental increases provide a consistent hedge against inflation.
  • Excellent Tenant Profile: Cadrex is a leading North American manufacturer and solutions partner with over 20 facilities across 10 states, serving blue-chip clients in high-growth industries including technology, aerospace, and renewable energy. Backed by CORE Industrial Partners, a Chicago-based private equity firm managing over $700 million in capital commitments, Cadrex offers exceptional financial strength and long-term stability.
  • Commitment to Location: Due to the tenant’s strong performance at this site, Cadrex doubled its footprint from 24,000 SF to 48,000 SF in 2022 through new construction, demonstrating long-term commitment and operational success.
  • Offered Below Replacement Cost / Large Lot: Priced at under $107 per square foot, this opportunity is offered well below replacement cost and includes a sizable lot of over 7 acres—valued at less than $17 PSF of land.
  • Prime Highway Access: Situated just 1.7 miles (roughly a 2-minute drive) from WIS-29, officially designated the “World War I Veterans Memorial Highway,” this property offers immediate access to one of Wisconsin’s major east-west corridors. WIS-29 serves as a backbone for regional transportation, connecting Chippewa Falls to major markets east and west—enhancing logistics, distribution capabilities, and visibility for any tenant or operation.

 

In Cooperation With ParaSell, Inc. , A Licensed Wisconsin Broker – Lic. #938545-91 BoR: Scott Reid – Lic. WI #58772-90

Cadrex
625 Cashman Dr, Chippewa Falls, WI 54729, USA

CADREX

Cadrex Manufacturing Solutions is a leading North American provider of precision mechanical solutions, specializing in complex sheet metal fabrication, CNC machining, and integrated assembly services. Established in 1976 as CGI Automated Manufacturing, the company has grown through strategic acquisitions—including Richlind Metal Fabricators, Precision Tool & Die, Advanced Laser, and others—to form a robust national footprint. Headquartered in Romeoville, Illinois, Cadrex operates 21 facilities across 11 U.S. states and Monterrey, Mexico. Its Chippewa Falls, Wisconsin, locations (600 and 625 Cashman Drive) are part of the company’s sheet metal fabrication network, offering services such as laser cutting, robotic welding, and complex assembly.

Price

$5,104,000

Cap Rate

6.85%

PREMISES

48,000 SF

RENEWAL OPTIONS

2 x 5 Year Options

Lease Expiration

01/31/2032

Lease Type

NNN

RENTAL INCREASES

1% Annually

BROKERS

Daniel Hoogesteger
Nashville
Mitch Fenske
Nashville

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