The Plaza Investment Property For Sale

101 S. Phillips Avenue, Sioux Falls, SD 57104
82,771 SF
$17,900,000
Retail, Office Space, Investments for Sale
5 Photos
Raquel Blount, SIOR
Raquel Blount, SIOR
Jordan Rieffenberger, CCIM, SIOR
Jordan Rieffenberger, CCIM, SIOR
Investment Property For Sale
Sale Price
$17,900,000
Cap Rate
7.06% (Proforma Cap Rate as of 7/1/2018)
Building Size
85,194 SF on floors 1-5, plus 14,019 SF basement
Building Size
75,716 Usable Square Feet +/-
Building Size
82,771 Rentable Square Feet +/-
Site Size
25,161 SF +/- (0.578 Acres)
Location Highlights
  • 101 S. Phillips Avenue, Sioux Falls, SD 57104
  • Located along Phillips Avenue in Downtown Sioux Falls
Description

Lloyd Companies is pleased to present the opportunity to acquire a five-story plus full basement multi-tenant office building with first floor retail exposure located in the heart of the downtown central business district of Sioux Falls. This investment would be an excellent opportunity for any portfolio. Contact Broker for additional information.

  • Current Occupancy: One Vacant 2,492 RSF Unit (Suite 508) as of 6/1/2018
  • Building is connected to a Public Parking Ramp by a
    breezeway
  • The brewery and restaurant tenant spaces have
    direct access to a patio on the north and east sides
    of the building
  • A city-owned patio area on the south side of the
    building features summer events
  • Garage space with a loading area has access to the
    freight elevator
  • Building has a backup generator
Location
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