Historic Security National Bank Building

Historic Security National Bank Building

Property Summary

Address:
101 S Main Ave
City:
Sioux Falls
State:
South Dakota
Zip:
57104
Property Type:
Commercial Retail
Investor Return:
8%
Description:
We acquired the building as an underperforming asset from another entity. The 7 story building consists of 13 high end loft apartments with underground parking and about 30,000 of office/retail space. The lofts have never had a vacancy since opening in 2007 but the building had struggled with retail/office tenancy. Since our acquisition we have filled the remaining office/retail space (about 8,000 sq. ft.).