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SMH Commercial Real Estate
A COMMERCIAL BROKERAGE PRACTICE SINCE 1992  
 
 
 
 
Home Up Contact us Request Info About SMH SMH Policy Buy-Sell-Lease SMH Brokerage Services
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

Deadwood Avenue Business Park.  An SMH Commercial Real Estate Exclusive!

Never Before Offered For Sale To The General Public!

Income & Expense Records, Complete Tenant Profile Summary, Rent Rolls, Occupancy Tenure and Lease Agreements Available to Qualified Buyers!

8.5% Annual Return on The Investment!  Vacancy Less Than 3% Annually!

 

These Triple A office/retail structures were constructed with the highest quality material and craftsmanship. The property is located in a high profile office/retail/industrial/general commercial business district.  Deadwood Avenue is the first major exit from Interstate 90 into Rapid City traveling east, and the last major exit from Interstate 90 into Rapid City traveling west.

2007 Traffic Count between Lien Street, the controlled intersection at the northeast corner of subject property and North Plaza Drive along Deadwood Avenue is approximately 15,000 vehicles per day.

A number of tenants have maintained their respective floor spaces as long as 12 years. Why!  Reliable property management, timely response to Tenant requests, constant maintenance and up-grades.

Summary:  Both structures are masonry, concrete & steel construction with 10 inch concrete split face block with interior block partitions every 50 feet to 55 feet for stability, and maximum fire protection.  The vertical interior divisions extend through the roof line to create a series of smaller units to reduce fire liability.  The roof structure is steel with 4 inch “polyiso” insulation on the roof deck, and covered with “Trocal” (a PVC material) single membrane roofing textile.  All interior and exterior walls are insulated with Styrofoam and covered with 5/8 inch fire treated sheetrock.  Each space is equipped with electrical and natural gas roof top mounted HVAC units.  All utilities, except for exterior security lighting and business name marquee are paid by each Tenant respectively.  All structural exterior surfaces, parking areas, security lighting, marquee, general use driveways, awnings and other improvements common to property ownership are constantly maintained and up-graded by the property manager.

                  1141 Deadwood Avenue                                          1161 Deadwood Avenue
                   26,370 Sq. Ft.  11 Units                                           18,140 Sq. Ft. - 10 Units

 

 

Operating costs including water, sewer, trash removal, snow removal, maintenance costs, insurance and real estate taxes, approximately $2.27 per square foot, are paid monthly by each Tenant.  Such costs are exclusive of base rent per unit.

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Copyright © 2006 SMH Commercial Real Estate.  Last modified: 10/07/08

Thank you for visiting our web-site.  For answers to questions respecting the services we provide or properties we represent, please contact us!
Stanley M. Houk, Licensed South Dakota Real Estate Broker
SMH Commercial Real Estate / PO Box 494 / Rapid City, SD  57709-0494
605-348-1918