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Map ViewSatellite ViewInnovation Office Building for Sale
Sale Price
$4,250,000
Building Size
30,000 SF +/-
Lease Type
Ground
Lease Rate
$11,307.34 Annually NNN
Location Highlights
Located within the 125-acre Research Park at South Dakota State University, this property offers unmatched access to academic resources, industry leaders, and a thriving business community. With direct connectivity to I-29 via two nearby interchanges, the site provides excellent regional access and high visibility. Just minutes from major employers like Walmart and Lowe’s, it’s ideally positioned for research-focused businesses looking to grow in Brookings.
Description
- 30,000 SF two-story building
- First level floor plan is built out with a modern design including 10 private offices, 3 training rooms, 2 conference rooms, open workspace for around 140 employees, kitchen/employee lounge, break area with a fireplace, mother’s/wellness room, restrooms
- Second level is first generation shell space
- Ground Lease
- Landlord Entity: South Dakota State University Growth Partnership Ltd., a 501© (3) non-profit corporation
- 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)
- Zoning: Agriculture (Research use required)
- Positioned for collaboration with SDSU and industry leaders
- RE Taxes: $31,046.34 (2024 Taxes payable in 2025), based on building only
- Built in 2012
- Contact Broker regarding Covenants, Conditions and Restrictions
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