Multi - Tenant Industrial Investment

Description:

This newly constructed 24,000 SF light industrial development is currently in active lease-up with strong tenant demand and projected gross potential rent of $282,000 at stabilization. The property consists of four 6,000 SF warehouse buildings designed for multi-tenant use and demisable into 2,000 SF units. Each unit includes 16’ sidewalls, a 14’ x 14’ overhead door, heated interior space, and a private restroom. The site supports semitruck circulation, paved parking, and optional gravel yard areas Located near I-90 Exit 61 (Elk Vale Road / SD-79) within Rapid City’s established Elk Vale industrial corridor, the property provides convenient interstate access for local and regional users. NNN lease structures and remaining lease-up capacity create a clear path to stabilized income with additional upside through future yard or lot utilization. For additional information or to schedule a showing, contact Dan Logan at 605-593-7980.

Contact listing agent for all inquiries. Showings require a minimum 24 hour notice. Information Packet included in associated documents. Interiors will be completed by developer.




• 24,000 SF total across four new buildings
• Four 6,000 SF buildings demisable to 2,000 SF units
• $282,000 projected gross potential rent at stabilization
• Active lease-up with four LOIs in progress
• NNN lease structure
• 16’ sidewalls with 14’ x 14’ overhead doors
• Heated units with private restrooms
• Semi-truck circulation with paved parking
• Optional gravel yard spaces
• Near I-90 Exit 61 and Elk Vale Rd

Documents: