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Innovation Spec Building 2324 Research Park Way 30,000 SF Vacant Office Building Brookings, SD 57006 $4,250,000 ($141.67/SF)
Investment Highlights
- First level floor plan is built out with a modern design; Second level is first generation shell space
- 2.1-acre site with 114 parking stalls (including 5 ADA)
- RE Taxes: $31,046.34 (2024 Taxes payable in 2025), based on building only
- Ground Lease; Term: 95 Years – Ending on September 5, 2106 with an Option to Renew for an additional 95-year term
- Positioned for collaboration with SDSU and industry leaders
- Contact Broker regarding Covenants, Conditions and Restrictions
Executive Summary
Property Facts
Space Availability
- Space
- Size
- Space Use
- Build-Out
- Available
First level floor plan offers 10 private offices, 3 training rooms, 2 conference rooms, open workspace (~140 employees), kitchen/employee lounge, break area, mother’s room, and restrooms.
Second level offers first-generation shell space with flexibility to subdivide and build out based on tenant or owner-occupant specifications, subject to final design and municipal approvals. Tenant Improvement Allowance (TIA) of up to $40 / SF is offered, subject to suite location, lease terms, and scope of improvements. Actual allowance to be determined based on final deal structure.
| Space | Size | Space Use | Build-Out | Available |
| 1st Floor | 1,875-15,000 SF | Office | - | Now |
| 2nd Floor | 15,000 SF | Office | Shell Space | Now |
1st Floor
| Size |
| 1,875-15,000 SF |
| Space Use |
| Office |
| Build-Out |
| - |
| Available |
| Now |
2nd Floor
| Size |
| 15,000 SF |
| Space Use |
| Office |
| Build-Out |
| Shell Space |
| Available |
| Now |
1st Floor
| Size | 1,875-15,000 SF |
| Space Use | Office |
| Build-Out | - |
| Available | Now |
First level floor plan offers 10 private offices, 3 training rooms, 2 conference rooms, open workspace (~140 employees), kitchen/employee lounge, break area, mother’s room, and restrooms.
2nd Floor
| Size | 15,000 SF |
| Space Use | Office |
| Build-Out | Shell Space |
| Available | Now |
Second level offers first-generation shell space with flexibility to subdivide and build out based on tenant or owner-occupant specifications, subject to final design and municipal approvals. Tenant Improvement Allowance (TIA) of up to $40 / SF is offered, subject to suite location, lease terms, and scope of improvements. Actual allowance to be determined based on final deal structure.
Property Taxes
| Parcel Numbers | Improvements Assessment | $1,798,700 | |
| Land Assessment | $0 | Total Assessment | $1,798,700 |
Property Taxes
