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HJN Accord Commercial Real Estate Property

Industrial; Multi-Family/Investment;
Middlen Building
$1,195,000
47072 98th Street
Sioux Falls, SD


Property Address

47072 98th Street
Sioux Falls, SD

Property Description

FOR SALE. This property is a single tenant, fully-leased building located near the Interstate 29 Tea exit. The building is 21,360 square feet on the northwest corner of 98th Street and Henry Avenue on a lot that is a little over an acre in size.  The tenant is Team Allied Distribution. The tenant has occupied this property since 2000 and has over 17 years as a tenant in this building. The triple net lease currently runs through December 31 of 2018, with an option to extend for an additional two years. This offering is subject to a right of first refusal by the tenant.  

Property Details

Square Footage:21,360
Zoning:I-1 Industrial
Year Built:1979 with 1992 addition
Legal Description:Lot 5, Block 3, Morton's
Cap Rate:7.13%
MLS Number:21703021


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