3301 Singing Hills Blvd - Freestanding FOR SALE


Sioux City, IA 51106
$2,200,000 USD
712-717-5301
3301 Singing Hills Blvd, Sioux City, IA for Sale
$2,200,000 USD
Freestanding - FOR SALE
1/12
null | 5.4% Cap Rate

3301 Singing Hills Blvd
Sioux City, IA 51106


HIGHLIGHTS

  • Fully Occupied Investment
  • Long-Term Government Tenant
  • Retail Tenant Since 2018
  • 6.2% Cap Rate

OVERVIEW

Approximately 11,946 sf, fully occupied, two-tenant building located on a major commercial thoroughfare in Sioux City, Iowa. The front 4,100 sf retail space has been occupied by a golf shop since 2018. Its 5-year lease renewal was exercised in 2023. The rear Approximately 7,857 office space has been leased to the Government Services Administration (GSA) since 2019 on a 15-year lease (7 years firm). Both leases are modified gross leases which together will deliver the investor a cap rate of 6.2% based on the list price, a great investment opportunity!

FOR SALE DETAILS

PRICE

$2,200,000 USD

PRICE/SF

$184 USD /SF

CAP RATE

5.4%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Former Rex Building

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2001

SPRINKLERS

-

PARKING SPACES

60

LAND DETAILS

LAND ACRES

1.14 AC

LAND SF

49,658 SF

ZONING

C

APN/PARCEL ID

884718155001

ASK ABOUT THIS PROPERTY

Amy KakacekEagle Nexus MidwestMore Info
712-717-5301

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Amy KakacekEagle Nexus MidwestMore Info
712-717-5301

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.