2324 Research Park Way - Office FOR SALE
Brookings, SD 57006 |
$4,250,000 USD
605-231-1882
2324 Research Park Way
Brookings, SD 57006
HIGHLIGHTS
- First level floor plan is built out with a modern design; Second level is first generation shell space
- Ground Lease; Term: 95 Years – Ending on September 5, 2106 with an Option to Renew for an additional 95-year term
- 2.1-acre site with 114 parking stalls (including 5 ADA)
- Positioned for collaboration with SDSU and industry leaders
- RE Taxes: $31,046.34 (2024 Taxes payable in 2025), based on building only
- Contact Broker regarding Covenants, Conditions and Restrictions
OVERVIEW
The sale offering includes the building and site improvements only. The property is located on a 95-year ground lease governed by South Dakota State University Growth Partnership Ltd., a 501©(3) non-profit corporation. The underlying land is not included in the sale. Contact Broker for a copy of the governing ground lease and additional terms.
FOR SALE DETAILS
PRICE
$4,250,000 USD
PRICE/SF
$142 USD /SF
CAP RATE
Request Cap Rate
% LEASED
-
TENANCY
Multiple
SALE TYPE
Investment Or Owner User
ON GROUND LEASE
Yes
BUILDING DETAILS
PROPERTY NAME
Innovation Spec Building
PROPERTY TYPE
Office
TOTAL BUILDING SIZE
-
STORIES
2
BUILDING CLASS
B
YEAR BUILT
2012
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
2.12 AC
LAND SF
92,347 SF
ZONING
Agriculture
APN/PARCEL ID
405270010001200,409900052700112
ASK ABOUT THIS PROPERTY
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605-231-1882
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605-231-1882
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