Various Sioux Falls, SD 57104
- Retirement homes
- 10,450 SF
Current Use by Public Records
- Retirement homes
Property Details for 0 Various
- Year built
- 1995
- Property size
- 10,450 SF
- Property type
- Retirement homes
Description
This exceptional 21-unit assisted living facility in Sioux Falls, South Dakota, presents a compelling investment opportunity. Built in 1995 and extensively renovated between 2018 and 2020, the property boasts 10,450 square feet across a single-story building. The facility offers 21 beds, with each unit priced at $75,952.38, contributing to a total asking price of $1,595,000. The property's strong financial performance is reflected in its current 8% cap rate and a pro-forma cap rate of 10.97%, yielding a pro-forma NOI of $175,000. The property is zoned for multi-family use (MF) and benefits from its location approximately 90 minutes from a new Amazon facility in the expanding northwest area of Sioux Falls. This well-maintained asset has a documented history of excellent financial performance for over two decades, making it an attractive investment in a market with limited competition. Detailed financial records are available upon execution of a confidentiality agreement. The property is classified as Class B, and the price per square foot is $152.63. Further information, including the precise address, is available under a non-disclosure agreement.
Value Estimation
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Sioux Falls
- County
- Various
- State
- South Dakota
- Longitude
- -96.7289
- Latitude
- 43.5369
