5116 Solberg AveSioux Falls, SD 57108

For Sale
$3,362,000

15,480 SF Class A Office, $3.36M

Overview

Added:
Dec 11, 2024
Days on market:
93
Exceptional investment opportunity: This 15,480-square-foot Class A executive office building, constructed in 2004, is situated on a 1.6-acre lot in southwest Sioux Falls, SD, at 5116 & 5120 S Solberg Avenue, zip code 57108. The property boasts a modern finish with a blend of private offices and open work areas, ideal for a variety of businesses. Conveniently located near 57th Street and I-29, it enjoys proximity to prominent businesses such as Journey Construction, Great Plains Dental, Bluestone FCU, and more. The east suite will become vacant at the end of January 2025, presenting an excellent opportunity for expansion or lease to new tenants. The seller is offering a $50,000 allowance for necessary repairs to the parking lot and retaining wall. Annual real estate taxes are $35,916.72. The property is offered at an asking price of $3,362,000 with a Net Net Net (NNN) lease type. Please allow at least 24 hours' notice for showings to coordinate with existing tenants.

Highlights

  • Modern finishes, blend of private and open office space.
  • 2004 construction.
  • East suite vacant January 2025.
  • $50,000 seller allowance for parking lot and retaining wall repairs.
  • Annual real estate taxes: $35,916.72.
  • 1.6-acre lot.

Property Details for 5116 Solberg Ave

Property type
Other office properties, Office properties
Square Feet
15,480 SF
Class
A
Year Built
2004
Lot Size (sq. ft)
69,696 SF

Location Insight

City
Sioux Falls
County
Lincoln
State
South Dakota
Latitude
43.4989451
Longitude
-96.7798589
5116 Solberg Ave, Sioux Falls, South Dakota

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5116 Solberg Ave
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