Class A - NNN Leased - Allstate Insurance Company Sioux ......Class A - NNN Leased - Allstate...
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Sioux Falls, SD Class A - NNN Leased - Allstate Insurance Company kiddermathews.com Tyler Boyd Associate Vice President 916.751.3625 [email protected] CA LIC#01927167 Kevin Sheehan Managing Partner 916.751.3601 [email protected] CA LIC#00936093 Gregg Brown, SIOR, NAI Global Senior Vice President 605.444.7103 [email protected] SD LIC #16070 Fortune 100 Tenant: Allstate Insurance Company 7.63% Cap Rate - NNN Lease FOR SALE
Transcript of Class A - NNN Leased - Allstate Insurance Company Sioux ......Class A - NNN Leased - Allstate...
Sioux Falls, SDClass A - NNN Leased - Allstate Insurance Company
kiddermathews.com
Tyler BoydAssociate Vice President 916.751.3625 [email protected] CA LIC#01927167
Kevin SheehanManaging Partner 916.751.3601 [email protected] CA LIC#00936093
Gregg Brown, SIOR, NAI GlobalSenior Vice President 605.444.7103 [email protected] LIC #16070
Fortune 100 Tenant: Allstate Insurance Company7.63% Cap Rate - NNN Lease
FOR SALE
This information supplied herein is from sources we deem reliable. It is provided without any representation, warranty or guarantee, expressed or implied as to its accuracy. Prospective Buyer or Tenant should conduct an independent investigation and verification of all matters deemed to be material, including, but not limited to, statements of income and expenses. Consult your attorney, accountant, or other professional advisor.
Sioux Falls, SD
kiddermathews.com
Tyler BoydAssociate Vice President 916.751.3625 [email protected] LIC#01927167
Kevin SheehanManaging Partner 916.751.3601 [email protected] LIC#00936093
Gregg Brown, SIOR, NAI GlobalSenior Vice President 605.444.7103 [email protected] LIC #16070
SUBJECT PROPERTY
N Louise Ave
N
DOWNTOWN SIOUX FALLS
Features
7.63% Asking Cap Rate
Single-Tenant 100% Occupied by Allstate Insurance Company
Fortune 100 Tenant (#79 in 2018)
NNN Lease
±54,151 SF Class A Office Building
Tenant has 15+ Years of Historical Occupancy at the Property
Upside, Value-Add Opportunity with Below Market Rent
Priced Well Below Replacement Costs
Located in northwest Sioux Falls, the primary area for large office tenants/users in the region. Neighbors include companies such as First PREMIER Bank, Midco, SONIFI, Concordance Healthcare, Butler Machinery, Tiger Corp., Great Western Bank and also the University Center
FOUNDATION PARK MEGA SITE
SUBJECT PROPERTY
N Louise Ave
W Benson Rd
Cayman St
W Tickman St
SUBJECT PROPERTY
PESKA WAREHOUSE & STORAGE
BENDER GLASS WAREHOUSE
