Power Drive Holdings Property

1409 North K Avenue
15,760.00 sqft

Sale Lease-Back Opportunity

For Sale:  $1,400,000

Main Building:       8,760 sq ft
Storage Building:   7,000 sq ft
Lot Size:                  175,805 sq ft
Main building built in 1969
Storage building built in 2003

Located along K Avenue with frontage on Delaware Street and Cherokee Street.  Main building has office area and shop space with three (3) overhead doors.  Storage building is not heated and has one 14’  overhead door.  2+ acres of fenced outdoor storage.  Rail access via BNSF Railway.  Power Drive Holdings will leaseback the property for 10-years.  Contact Broker for lease details.  Sale price represents a 7.91% cap rate.  Additional ground lease income from Krier & Blain and Pinnacle Propane.

For more information, contact:
Reggie Kuipers, SIOR
(605) 782-1668

Price $ 1,400,000.00