Description
For Sale: 11,714 sf, fully occupied, two-tenant building located on a major commercial thoroughfare in Sioux City, Iowa. The front 4,000 sf retail space has been occupied by a golf shop since 2018. Its 5-year lease renewal was exercised in 2023. The rear 7,714 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.
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0BEDS
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N/AACRES
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0BATHS
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01/2 BATHS
School Ratings & Info
Description
For Sale: 11,714 sf, fully occupied, two-tenant building located on a major commercial thoroughfare in Sioux City, Iowa. The front 4,000 sf retail space has been occupied by a golf shop since 2018. Its 5-year lease renewal was exercised in 2023. The rear 7,714 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.
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