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Verifications Building 1425 Mickelson Dr 30,240 SF Office Building Watertown, SD 57201 $3,517,718 CAD ($116.33 CAD/SF) 9.60% Cap Rate
INVESTMENT HIGHLIGHTS
- Great revenue stream property.
- Fully leased property.
EXECUTIVE SUMMARY
Currently fully leased by an international tenant. Great Revenue Stream property. For User buyers availability could be early 2026 unless tenant exercises it's option to extend at a 3% rent increase for 12 months. Additional details available; upon execution of Confidentiality Agreement, an Executive Summary will be provided...please contact broker to proceed.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Medical
Building Size
30,240 SF
Building Class
B
Year Built
2000
Price
$3,517,718 CAD
Price Per SF
$116.33 CAD
Cap Rate
9.60%
NOI
$337,701 CAD
Tenancy
Single
Building Height
2 Stories
Typical Floor Size
15,120 SF
Slab To Slab
15’
Building FAR
0.13
Lot Size
5.18 AC
Zoning
BP (Business Park) - Office, light industrial, manufacturing
Parking
240 Spaces (7.93 Spaces per 1,000 SF Leased)
AMENITIES
- Central Heating
- Air Conditioning
- Smoke Detector
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PROPERTY TAXES
| Parcel Number | 013076 | Improvements Assessment | $3,619,371 CAD |
| Land Assessment | $463,707 CAD | Total Assessment | $4,083,078 CAD |
PROPERTY TAXES
Parcel Number
013076
Land Assessment
$463,707 CAD
Improvements Assessment
$3,619,371 CAD
Total Assessment
$4,083,078 CAD
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VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
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Presented by
https://www.linkedin.com/in/jim-owen-0a01b410b
Verifications Building | 1425 Mickelson Dr
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