Listed by NAI Sioux Falls
$9,524,711
Former CitiBank Campus Building III
Details
Property Type Office, Industrial
Sub Type Executive Office
Square Footage 122,293
Cap Rate 13.92%
Occupancy 100%
Tenancy Single
Lease Type NNN
Price per SqFt $78
Class B
Year Built 1996
Stories 2
Acreage 14.090
Zoning I-1
Parking Spaces 644 spaces
Parking Per SqFt 5.27
Ceiling Height 9’
Loading Docks 2
Dock High Doors 2
Investment Opportunity with Single Tenant Occupant
Marketing description
NAI Sioux Falls is pleased to offer for sale the 100% fee Simple interest in the Former Sioux Falls Citibank Campus, a 68.94 acre industrial development opportunity located in Sioux Falls, SD. The site is zoned I-1, light industrial, allowing warehousing and industrial uses, including new construction or redevelopment of the existing buildings.
The site consists of three (3) existing interconnected office buildings of institutional building quality, providing at total of 369,424 square feet on two levels. The raised floor former call center space could be converted into conditioned self-storage, data centers, or light manufacturing. The former daycare building is 49,424 square feet and could be converted to a medical use. The excess land, 19.66 acres zoned light industrial, can yield four (4) separate buildings.
Strategically located, the Former Sioux Falls Citibank Campus is located directly south of I-90 off the N. Cliff Avenue exit. The property is in a mature industrial park that offers access to both I-90 (east-west) and I-29 (north-south) travel corridors and the airport. South Dakota ranks #1 for corporate tax, #1 for individual income tax, and #2 overall for 2024 state business tax index, making it attractive for companies to grow.
This property is being sold as separate buildings and land parcels or as a whole. Total campus price is $23,926,854 ($57.13/SF).
Offers will be entertained as they are received.
Investment highlights
- SiouxFalls.Business Story: https://siouxfalls.business/former-citibank-campus-listed-for-sale/
- Current layout: Open Plan/Call Center/Office
- Proposed uses: Data Center/Industrial/Self Storage
- Age: 28 Years
- Land to Building Ratio: 1:5
- Vacancy: 0%
- Vacant SF: 0 SF
- Parking Spaces: 644
- HVAC: Condenser Water System/ Heat Pumps
- Roof: Tar & Gravel
- Exterior Finish: Tilt Up Concrete/Slab on Grade
- Dock Doors: 2
- Roll Up Doors: 2
- Elevators: 1 freight, 1 passenger
- Finished Ceiling Height: 9’
- Slab to Slab 1st Floor: 12’4”
- Slab to Slab 2nd Floor: 14’10”
- Column Spacing: 30’
- Floor: Raised System - 16”
- Sprinkler System: Wet
- UPS
- Size/ Manufacturer: 500, KVA, Powerware 9315
- Items Covered by UPS: Critical Systems
- Battery Type: Enerys Wet Calls
- Generator
- Size/ Manufacturer: 1375/ KVA, Catepillar 3512
- Items Covered: Full Building Systems
- CER Cooling: CRAC Units/ Liebert
- Electric Capacity: 2 Megawatts
- Fuel Tanks
- Type: UST - in a cement vault
- Total Fuel Tank Capacity: 10,000 gallons
- Duration Full Load: 3.5 days
- 68.94 acres in-fill location
- Immediate access to I-90
- Ability to redevelop and build-to-suit
- Immediately adjacent to Sioux Falls Regional Airport
- .9 miles to the I-90, Cliff Avenue Exit and 2.17 miles to I-29, 60th Street Exit
- Sioux Falls Metro area labor pool and location supports a diverse and growing roster of institutional tenants
Listing Contacts
Listed by NAI Sioux Falls
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