Listed by The Real Estate Group Inc
$1,700,000
550 N 5TH ST RAPID CITY SD 57701-1375
Details
APN 2036405009
Property Type Office
Sub Type Traditional Office, Executive Office
Square Footage 13,232
Net Rentable (SqFt) 11,904
Units 60
NOI $290,000
Occupancy 90%
Tenancy Multi
Lease Type Gross
Price per SqFt $128
Class A
Year Built 2005
Buildings 1
Stories 2
Acreage 1.200
Zoning GC
Investment Type Stabilized
Tenant Credit Credit Rated
Nice office building with great amenities close to downtown
Marketing description
office building Just NE of the civic center, 58 office suites, 2 conference rooms, 6 bathrooms, 60 onsite parking spaces, digital reader board the property is being sold with all equipment and fixtures, internal and external motion detected camera system, outside monitored burglar alarm and fire alarm / sprinkler system, currently 90% occupied with 4 units that are occupied by the current owner All
financials available with a signed NDA.
Investment highlights
Great central location close to downtown, across the street from the civic center.
Listing Contacts
Listed by The Real Estate Group Inc
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$290,000.00
$24,166.67/mo
Valuation Metrics
0
DSCR
17.06%
Cap Rate
17.06%
ROI
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