This Office Property is Off-Market.

102 4th Avenue SE
Aberdeen, SD 57401 ·

59,205 SF · Office For Sale

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Aberdeen Federal Building

Price N/A Occupancy 66%
Building Size 59,205 SF No. Stories 5
Property Type Office Building Class A
Property Sub-type
Office Building
More...
  • Institutional/ Governmental
Tenancy Multiple
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

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.

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

Research

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

Property Record Data - Historical Listings, current tax, mortgage, owners & tenant info for this property

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