Offering Memorandum 4Th & Jackson | Of Ce Condos 700 4Th St, Sioux City, IA 51101 for Sale Of Ce Building 12,751 SF | $1,174,725
For Sale Ofce Building 12,751 SF | $1,174,725 Offering Memorandum 4th & Jackson | Ofce Condos 700 4th St, Sioux City, IA 51101 For Sale Ofce Building 12,751 SF | $1,174,725 Table of Contents 4 Section 1 Location Information 11 Section 2 Property Information 19 Section 3 Demographics For Sale Ofce Building 12,751 SF | $1,174,725 SALE PRICE: $1,174,725 Property Overview NUMBER OF UNITS: 4 100% leased office condo investment in the heart of Siouxland's entertainment district. The sale includes CAP RATE: 8.0% the first two floors, consisting of units 100, 200, 210 & 220. GRM: 6.8 NOI: $93,978 Featuring lots of natural light and great views down Historic Fourth, the entire building has been remodeled LOT SIZE: 2.6 Acres and converted to Class A space. The building has direct 4th floor and skywalk level accesses to the BUILDING SIZE: 12,751 SF adjacent Heritage Parking Ramp and direct skywalk access to the Sioux City Convention Center, Marriott BUILDING CLASS: A Courtyard, Mercy One, Orpheum Theatre & Historic Pearl. Also adjacent is the Promenade 14 Cinema & YEAR BUILT: 1972 RENOVATED: 2020 Marto Brewing. ZONING: DC MARKET: Sioux City, IA Building naming rights facing I-29 are available for future non-financial anchor tenant. Sale includes seller's SUB MARKET: Downtown installation of a $115,000 HVAC system on main floor prior to closing, which will reduce annual repair CROSS STREETS: 4th St & Jackson St costs. TRAFFIC COUNT: 10,400 400 Gold Circle, Suite 120 Dakota Dunes, SD 57049 712 224 2727 tel naiunited.com 4th & Jackson | Ofce Condos 700 4th