859-907-2006
1516 Fountain Plaza Dr, Rapid City, SD for Sale
Office - FOR SALE
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1516 Fountain Plaza Dr
Rapid City, SD 57702


HIGHLIGHTS

  • U.S. Department of Homeland Security - AA+ S&P Credit Rating
  • Proximity to Ellsworth Air Force Base
  • Serving as the sole federal operations hub for 18 counties in western South Dakota.
  • Operating expense rent escalated annually by CPI, providing a natural hedge against inflation and protecting long-term investment returns.

OVERVIEW

The Ficke Team of Colliers is pleased to present to qualified investors the opportunity to acquire the U.S. Department of Homeland Security facility located at 1516 Fountain Plaza, Rapid City, SD. Built in 2011, the building comprises 28,300 square feet on 2.79 acres. It is currently 100% occupied by the U.S. Department of Homeland Security (DHS). The DHS occupies the space under a Modified Gross lease structure with a 10 Year Firm/15 Year Total lease term.  The Department of Homeland Security (DHS) is a cabinet-level federal agency responsible for protecting the United States against terrorism, natural disasters, and other threats while facilitating lawful immigration, trade, and travel. DHS oversees a broad portfolio of component agencies including U.S. Citizenship and Immigration Services (USCIS), the Federal Emergency Management Agency (FEMA), the Federal Protective Service (FPS), and the Transportation Security Administration (TSA). With over 240,000 employees, DHS is the third-largest cabinet department in the federal government and maintains an operational presence in every state and territory across the country. DHS field offices deliver a wide range of enforcement, investigative, and administrative services to the communities they serve. Core functions include immigration processing and biometric services, homeland security investigations, cybersecurity coordination with state and local partners, and the protection of federal facilities and personnel. Agents and officers operate across all 50 states in support of both national security objectives and regional public safety, working in close coordination with tribal, state, and local law enforcement agencies throughout their respective areas of responsibility. ??????? Rapid City is the largest city in western South Dakota and serves as the region’s primary hub for commerce, healthcare, and federal government operations. The city is home to a dense concentration of federal agencies driven in part by its proximity to Ellsworth Air Force Base, one of the nation’s most strategically significant military installations and the designated home of the B-21 Raider stealth bomber program. As the federal anchor for a vast geographic service area spanning 18 counties across western South Dakota, the DHS presence in Rapid City reflects both the operational necessity and long-term commitment of the federal government to this market.

FOR SALE DETAILS

PRICE

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CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

2011

SPRINKLERS

-

PARKING SPACES

13

LAND DETAILS

LAND ACRES

2.78 AC

LAND SF

121,107 SF

ZONING

Na-Dc2

APN/PARCEL ID

0064396

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Geoff FickeColliersMore Info
859-907-2006

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Geoff FickeColliersMore Info
859-907-2006

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