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4711 S I-90 Service Rd

Box Elder, SD 57701
  • $3,400,000
  • STATUS: Active Under Contract
  • ON SITE: 82 Days
  • MLS #: 160956
Under Contract
UPDATED: 4 min ago
$3,400,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 26,300
    SQFT
  • $129
    $/SQFT
Neighborhood:
Type:
Commercial
Area:

School Ratings & Info

Description

Single Tenant NNN Investment Opportunity! This 26,300sf building sits on 2.46 acreswith excellent exposure and frontage on Interstate 90. The property is currently occupied by Arctic Glacier Ice Company. Approximately 17,000sf of the building is refrigerated/freezer storage. The remaining 1/3 of the building will be converted by the tenant to additional freezer storage andice production. Arctic Glacier signed a new 15 year lease in April 2022 and will occupy 100% of the building by November 15, 2022. New roof coating to be installed in September. Landlord responsibilities are limited to only roof, structure and HVAC replacement. 6% cap rate on year 1 with 2.5% annual increases. Very rare hands off investment opportunity. Listing by Chris Long, Keller Williams Realty Black Hills, 605-939-4489.

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© 2022 Black Hills Association of REALTORS® Multiple Listing Service. All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from BHMLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Heidrich Real Estate Team | Keller Williams Black Hills Realty. Data last updated: 2022-11-27T21:16:18.763.
www.heidrichrealestateteam.com/homes/132818652
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4711 S I-90 Service Rd Box Elder, SD 57701

  • Price: $3,400,000
  • Status: Active Under Contract
  • On Site: 82 Days
  • Updated: 4 min ago
  • MLS #: 160956
0
Beds
0
Baths
0
½ Baths
N/A
Acres
26,300
SQFT
$129
$/SQFT
Neighborhood:
Box Elder
Area:
Box Elder
Property Description
Single Tenant NNN Investment Opportunity! This 26,300sf building sits on 2.46 acreswith excellent exposure and frontage on Interstate 90. The property is currently occupied by Arctic Glacier Ice Company. Approximately 17,000sf of the building is refrigerated/freezer storage. The remaining 1/3 of the building will be converted by the tenant to additional freezer storage andice production. Arctic Glacier signed a new 15 year lease in April 2022 and will occupy 100% of the building by November 15, 2022. New roof coating to be installed in September. Landlord responsibilities are limited to only roof, structure and HVAC replacement. 6% cap rate on year 1 with 2.5% annual increases. Very rare hands off investment opportunity. Listing by Chris Long, Keller Williams Realty Black Hills, 605-939-4489.
Exterior Features

Exterior Walls Metal Parking Gravel/Off-Street Road Frontage HighwayInterstateMajor Artery Roofing Metal

Interior Features

Basement None Ceiling Height 16-20 Feet Cooling Central Flooring CarpetConcreteTile Foundation Poured Heating ElectricGas Interior Walls MetalSheetrock

Property Features

Auction YN No Building Use ManufacturingOffice/WarehouseWarehouse Commercial Type Warehouse Documents On File LeasesSurvey Leased 100% Meters Master Owner Paid Expenses None Physical Condition Good Quality Good Sale Or Lease For Sale Services City SewerCity WaterElectricityNatural Gas

© 2022 Black Hills Association of REALTORS® Multiple Listing Service.
Listing provided courtesy of Christopher Long of Keller Williams Realty Black Hills: 605-343-7500.


© 2022 Black Hills Association of REALTORS® Multiple Listing Service. All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from BHMLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Heidrich Real Estate Team | Keller Williams Black Hills Realty. Data last updated: 2022-11-27T21:16:18.763.
 
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Heidrich Real Estate Team | Keller Williams Black Hills Realty
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Rapid City SD, 57702