Historical Office Sale Listing - Aberdeen Federal Building

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Aberdeen Federal Building

102 4th Avenue SE, Aberdeen, SD 57401

N/A

59,205 SF | Office

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Office Property - Off Market

Price:
N/A
Building Size:
59,205 SF
Property Type:
Office
Property Sub-type:
Office Building
Additional Sub-types:
Institutional/
Governmental
Property Use Type:
Investment
Cap Rate:
18%
Occupancy:
66%
No. Stories:
5
Building Class:
A
Tenancy:
Multiple
Year Built:
1937
Lot Size:
1.03 AC
Listing ID
14896596
Last Updated
over 1 year ago

Highlights

  • 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

Description

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.

Map of 102 4th Avenue SE, Aberdeen, SD 57401 (Brown County)

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Created 11/26/2006