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1516 Fountain Plaza Dr 28,300 SF Office Building Rapid City, SD 57702 For Sale
Investment Highlights
- U.S. Department of Homeland Security - AA+ S&P Credit Rating
- Serving as the sole federal operations hub for 18 counties in western South Dakota.
- Proximity to Ellsworth Air Force Base
- Operating expense rent escalated annually by CPI, providing a natural hedge against inflation and protecting long-term investment returns.
Executive Summary
Built in 2011, the building comprises 28,300 square feet on 2.79 acres. It is currently 100% occupied by the U.S. Department of Homeland Security (DHS). The DHS occupies the space under a Modified Gross lease structure with a 10 Year Firm/15 Year Total lease term.
The Department of Homeland Security (DHS) is a cabinet-level federal agency responsible for protecting the United States against terrorism, natural disasters, and other threats while facilitating lawful immigration, trade, and travel. DHS oversees a broad portfolio of component agencies including U.S. Citizenship and Immigration Services (USCIS), the Federal Emergency Management Agency (FEMA), the Federal Protective Service (FPS), and the Transportation Security Administration (TSA). With over 240,000 employees, DHS is the third-largest cabinet department in the federal government and maintains an operational presence in every state and territory across the country.
DHS field offices deliver a wide range of enforcement, investigative, and administrative services to the communities they serve. Core functions include immigration processing and biometric services, homeland security investigations, cybersecurity coordination with state and local partners, and the protection of federal facilities and personnel. Agents and officers operate across all 50 states in support of both national security objectives and regional public safety, working in close coordination with tribal, state, and local law enforcement agencies throughout their respective areas of responsibility.
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Rapid City is the largest city in western South Dakota and serves as the region’s primary hub for commerce, healthcare, and federal government operations. The city is home to a dense concentration of federal agencies driven in part by its proximity to Ellsworth Air Force Base, one of the nation’s most strategically significant military installations and the designated home of the B-21 Raider stealth bomber program. As the federal anchor for a vast geographic service area spanning 18 counties across western South Dakota, the DHS presence in Rapid City reflects both the operational necessity and long-term commitment of the federal government to this market.
Property Facts
Amenities
- Signage
Sustainability
Sustainability
LEED Certification Developed by the U.S. Green Building Council (USGBC), the Leadership in Energy and Environmental Design (LEED) is a green building certification program focused on the design, construction, operation, and maintenance of green buildings, homes, and neighborhoods, which aims to help building owners and operators be environmentally responsible and use resources efficiently. LEED certification is a globally recognized symbol of sustainability achievement and leadership. To achieve LEED certification, a project earns points by adhering to prerequisites and credits that address carbon, energy, water, waste, transportation, materials, health and indoor environmental quality. Projects go through a verification and review process and are awarded points that correspond to a level of LEED certification: Platinum (80+ points) Gold (60-79 points) Silver (50-59 points) Certified (40-49 points)
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
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- Public Administration
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$9.99
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Lorem Ipsum
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Jan 0000
U.S. Immigration and Customs Enforcement was created in 2003 through a merger of the investigative and interior enforcement functions of the former U.S. Customs Service and the Immigration and Naturalization Service. The agency operates under the U.S. Department of Homeland Security and focuses on criminal investigations, immigration law enforcement, and the protection of national security and public safety. U.S. Immigration and Customs Enforcement carries out work tied to trade and customs violations, detainee operations, and the identification, arrest, detention, and removal of people subject to removal under immigration law. The agency's mission reflects a broad federal role that combines interior enforcement with cross-border crime investigations and related enforcement responsibilities.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
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Public Administration | - | $9.99 | Lorem Ipsum | Jan 0000 |
Property Taxes
| Parcel Number | 0064396 | Improvements Assessment | $7,398,184 CAD |
| Land Assessment | $383,807 CAD | Total Assessment | $7,781,992 CAD |
Property Taxes
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1516 Fountain Plaza Dr
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