This property is Off-Market
102 4th Avenue SE
Aberdeen, SD 57401 ·
59,205 SF · Office For Sale
Aberdeen Federal Building
|Building Size||59,205 SF||No. Stories||5|
|Property Type||Office||Building Class||A|
|Property Use Type||Investment||Year Built||1937|
|Cap Rate||18%||Lot Size||1.03 AC|
|Listing ID: 14896596||Date Created: 11/26/2006||Last Updated: 01/06/2007|
INTERESTED PARTY MUST BE WILLING AND ABLE TO CLOSE ALL CASH IN TWO WEEKS.
This is a class A office building located in downtown Aberdeen, SD. 29,563 square feet rented to the US Government. Tenants include United States Courthouse, United States Post Office, United States Marshal etc. (29,563 SQ FT includes common area factor). Building has loading dock and space for over 40 cars. Building is and has always been maintained by the United States Federal Government. Building security is coordinated and paid for by the US Government. The building is completely upgraded with backup boiler, backup electric generator, etc.
Located in downtown Aberdeen, SD.
- GOVERNMENT LEASE INCOME
- Year 1 $327,583.04 $11.08 per foot
- Year 2 $330,548.52 $11.18 per foot
- Year 3 - 5 $295,630.04 $10.00 per foot
- Escalations for tax and expense increases
- Any of the five Government tenants will have the option to vacate three years after closing
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