700 Jackson St
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700 Jackson St
7,092 SF 100% Leased Office Building Sioux City, IA 51105 £704,282 (£99/SF) 7.50% Net Initial Yield
Investment Highlights
- 5 units filled with quality tenants ensured a steady cashflow
- own A property that combines functionality, convenience, and aesthetic appeal 1 block from MercyOne Siouxland Medical Center
- Greenspace courtyard for the tenants use and enjoyment
Executive Summary
This property is perfect for an investor or an owner/occupier looking for a well-maintained building with stable cashflow from 5 units that are filled with quality tenants. The property offers convenient parking right by the doors, giving easy access for tenants and their customers alike. The interior of each unit features high-quality finishes, providing a comfortable and stylish working environment. The attention to detail is evident throughout, from the modern fixtures to the tasteful color schemes. The property features a greenspace courtyard for the tenants use and enjoyment. Don’t miss out on this opportunity to own a property that combines functionality, convenience, and aesthetic appeal. Located 1 block from MercyOne Siouxland Medical Center. The owner will consider seller financing at favorable terms.
Financial Summary (Actual - 2024) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
£67,622
|
£9.54
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
£67,622
|
£9.54
|
| Taxes |
£7,949
|
£1.12
|
| Operating Expenses |
£6,885
|
£0.97
|
| Total Expenses |
£14,834
|
£2.09
|
| Net Operating Income |
£52,789
|
£7.44
|
Financial Summary (Actual - 2024)
| Gross Rental Income | |
|---|---|
| Annual | £67,622 |
| Annual Per SF | £9.54 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | £67,622 |
| Annual Per SF | £9.54 |
| Taxes | |
|---|---|
| Annual | £7,949 |
| Annual Per SF | £1.12 |
| Operating Expenses | |
|---|---|
| Annual | £6,885 |
| Annual Per SF | £0.97 |
| Total Expenses | |
|---|---|
| Annual | £14,834 |
| Annual Per SF | £2.09 |
| Net Operating Income | |
|---|---|
| Annual | £52,789 |
| Annual Per SF | £7.44 |
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
7,092 SF
Building Class
C
Year Built
1977
Price
£704,282
Price Per SF
£99
Net Initial Yield
7.50%
NOI
£52,821
Percent Leased
100%
Tenancy
Multiple
Number of Floors
1
Typical Floor Size
7,092 SF
Building FAR
0.30
Lot Size
0.54 AC
Opportunity Zone
Yes
Zoning
GC - Commercial
Parking
20 Spaces (2.82 Spaces per 1,000 SF Leased)
Amenities
- Security System
- Signage
- Wheelchair Accessible
- Central Heating
- Open-Plan
- Air Conditioning
- Smoke Detector
1 of 1
Walk Score ®
Very Walkable (88)
PROPERTY TAXES
| Parcel Number | 894728185002 | Total Assessment | £290,793 |
| Land Assessment | £99,276 | Annual Taxes | £7,949 (£1.12/sf) |
| Improvements Assessment | £191,517 | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
894728185002
Land Assessment
£99,276
Improvements Assessment
£191,517
Total Assessment
£290,793
Annual Taxes
£7,949 (£1.12/sf)
Tax Year
2024
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700 Jackson St
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