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Jameson Building I 3500 S Phillips Ave 19,804 SF 100% Leased Office Building Sioux Falls, SD 57105 $1,495,000 ($75.49/SF) 7.54% Cap Rate
INVESTMENT HIGHLIGHTS
- Recent suite updates
- Security: Upgraded access system for after-hours safety
- Interior: Mix of wood and steel stud finishes
- Well maintained
- HVAC: Roof-top units with zone-controlled heating & cooling
- Construction: Prefabricated concrete structure with flat roof and concrete floor separation
EXECUTIVE SUMMARY
Office Space: 19,804 sq. ft. across two stories Lot Size: 43,778 sq. ft. corner lot Access: Two parking lot entrances (West & North) Construction: Prefabricated concrete structure with flat roof and concrete floor separation Interior: Mix of wood and steel stud finishes HVAC: Roof-top units with zone-controlled heating & cooling Security: Upgraded access system for after-hours safety Built in 1978 Well maintained Recent suite updates.
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Building Size
19,804 SF
Building Class
B
Year Built
1978
Price
$1,495,000
Price Per SF
$75.49
Cap Rate
7.54%
NOI
$112,723
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
8,902 SF
Building FAR
0.45
Lot Size
1.01 AC
Zoning
O-office
Parking
54 Spaces (1.29 Spaces per 1,000 SF Leased)
AMENITIES
- Conferencing Facility
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PROPERTY TAXES
| Parcel Number | 39834 | Improvements Assessment | $1,351,100 |
| Land Assessment | $172,500 | Total Assessment | $1,523,600 |
PROPERTY TAXES
Parcel Number
39834
Land Assessment
$172,500
Improvements Assessment
$1,351,100
Total Assessment
$1,523,600
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Jameson Building I | 3500 S Phillips Ave
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