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2020 Indian Hills Dr

6,016 SF 53% Leased Office Building Sioux City, IA 51104 £349,062 (£58/SF) 8.79% Net Initial Yield

Executive Summary

Office building with main floor currently leased to Aveanna Home Health through 7/31/28 and basement space available for owner/user, or can be leased out. With basement space leased out, this property generates a 8.79% cap rate.
Northside, professional office building offers a reception area, eight (8) large private offices, conference room, coffee bar, storage room, and two restrooms. There is plenty of off street and dedicated parking for both your staff and your customers. Lower level offers a private office, M/F restrooms, kitchenette, and large bullpen area.

Property Facts

Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Medical
Building Size
6,016 SF
Building Class
B
Year Built
2000
Price
£349,062
Price Per SF
£58
Net Initial Yield
8.79%
NOI
£30,688
Percent Leased
53%
Tenancy
Multiple
Number of Floors
2
Typical Floor Size
3,008 SF
Building FAR
0.42
Land Acres
0.33 AC
Zoning
SC - Commercial
Parking
30 Spaces (4.99 Spaces per 1,000 SF Leased)

Amenities

  • Commuter Rail
  • Signage

Space Availability

  • Space
  • Size
  • Space Use
  • Condition
  • Available
  • Lower Level-Ste 101
  • 2,853 SF
  • Office
  • Full Build-Out
  • Now

2,853 SF for lease in newly renovated office with open floor plan and kitchenette, in basement level. Offers private restrooms, IT room, open lobby, three workstations, and private office. Utilities are included.

Space Size Space Use Condition Available
Lower Level-Ste 101 2,853 SF Office Full Build-Out Now

Lower Level-Ste 101

Size
2,853 SF
Space Use
Office
Condition
Full Build-Out
Available
Now

Lower Level-Ste 101

Size 2,853 SF
Space Use Office
Condition Full Build-Out
Available Now

2,853 SF for lease in newly renovated office with open floor plan and kitchenette, in basement level. Offers private restrooms, IT room, open lobby, three workstations, and private office. Utilities are included.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
894710380011
Land Assessment
£37,181
Improvements Assessment
£351,808
Total Assessment
£388,989
  • Listing ID: 31975355

  • Date on Market: 31/05/2024

  • Last Updated:

  • Address: 2020 Indian Hills Dr, Sioux City, IA 51104

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