Sioux Falls has been growing fast, and lucky for us, that means new restaurants. Who doesn't love trying something new? In about a 20 block stretch, the market has added a significant amount of new food options: -Wingstop (26th & Minnesota) -Jim’s Burgers (former KFC building)—coming in 2016 -HyVee Market Grille -Gilberto’s (former Long John Silvers) -Topper’s Pizza -Einstein/Caribou -Z’Marik’s (Noodles-type concept coming in 2016). The last two replaced a Burger King that decided to give up its ground lease at the site and make way for a demolition and construction of a new strip mall. That is SEVEN new concepts to our market! There is cause for concern when we see this much expansion in one sub-sector of our [...]
Nick Gustafson and Dustin Haber representeded the Robford Group as they leased they 1,581 sq. ft. building to Assurance Logistics (represented by Andi Anderson). The building is located on 945 S Marion on the West Side of Sioux Falls.
Are you thinking about investing in commercial real estate? Well, here are a few things that you can look forward to: 1. Positive cash flow or income. If done correctly, buying commercial real estate can bring in a positive cash flow. Although, it is best to discuss with a broker what all is needed to buy an investment property so you know what is coming out of your own pocket with expenses and operating costs. 2. Principal Reduction. Most of the time real estate is purchased using a debt of mortgage loan.If you make regular and on time payments, you’re paying down principal on the loan and reducing your debt. This means that you would be increasing your equity position. [...]
Reggie Kuipers and Andi Anderson represented the landlord in the lease of the Pinnacle Place Office Building. The 5,295 sq. ft. office property is located ib 6216 S Pinnacle Place in Sioux Falls, SD and is being leased by American Bank and Trust.
Sioux Falls has been gaining some attention recently by making Thrillest.com's list of "12 Neighborhoods Across America That Are About To Blow Up". The list recognizes the Sioux Falls East Bank. The already popular area is becoming a "hot spot" for housing as well as business growth. The website acknowledged the industrial buildings that have been renovated and are now being used as offices, stores, as well as restaurants and bars. To read more about the 12 neighborhoods about to blow up CLICK HERE.
Andi Anderson and Michael Bender represented the sellers of the Hamlet Building located on 4001 West Valhalla Boulevard in Sioux Falls, SD. The building is 15,066 sq. ft. This building was part of an office park portfolio.