BROKERAGE

Strategic Analysis. Trusted Advisors.

Our experts take time to understand your specific goals to provide comprehensive and strategic solutions for your commercial real estate needs.

BROKERAGE

INVESTMENT

CONSULTING

PROPERTY MANAGEMENT

Buying Commercial Property

Our team works to identify lucrative investment opportunities that align with your criteria.

Our market analysis includes:

  • Cost Scenarios
  • Proximity Considerations
  • Demographics Report
  • Competitive Assessment
  • Traffic Counts
  • Rate Comparisons
  • Value-Add Opportunities
  • Annual Property Operating Data (APOD)
  • Cash Flow Analysis
  • Sources and Uses
  • Comprehensive Financial Modeling

Selling Commercial Property

Bender Commercial employs a comprehensive marketing strategy to attract qualified buyers and maximize exposure.

Our seller strategy includes:

  • High Quality Marketing and Design
  • In Depth Research
  • Visible Street Signage
  • Online Listing Databases
  • Aggressive Cold Calling
  • Decades of Market Relationships
  • Global Reach
  • Local Knowledge and Relationships
  • Proprietary Industry Email Lists
  • Direct Marketing Campaign
  • 1031 Tax-Deferred Exchanges

Leasing Commercial Property

Leasing commercial property requires a keen understanding of the market and an ability to negotiate favorable lease terms. Bender Commercial excels in both aspects, representing tenants and landlords alike.

Our leasing review includes:

  • Demographics Report
  • Traffic Counts
  • Rate Comparisons
  • Local Landlord Intel
  • NNN Expense Review
  • Proximity Considerations for Competitors
  • Aggressive Cold Calling
  • Proprietary Industry Email Lists
  • Direct Marketing Campaign

Frequently Asked Questions

If you’d like to start by seeing what’s available, check out our current listings. You can see a map of properties or filter the options based on type, size, price, and more. If you’d rather have us do the searching, we can do an availability study to narrow options for your size, budget, and location needs. Call us at 605-336-7600 to get started.

No. Sioux Falls doesn’t have a commercial multiple listing service (MLS), so there’s no single database showing every commercial property for sale or lease. National listing sites carry some local properties, but many opportunities never appear there. Because of that, it’s important to work with brokers who know the market firsthand. Bender Commercial brokers have decades of experience in the Sioux Falls metro and know the full range of options, including properties you won’t find online. Contact us to see what’s available.

Sales price depends on the property type, building class, location, condition, and timing. A downtown office building, a new flex space outside of town, and an older retail strip mall will be priced very differently, and the market shifts throughout the year. Our brokers track Sioux Falls sale prices closely and can give you a clear picture for the property you are considering.

Lease rates vary by asset type, building class, location, and lease structure, such as gross versus triple net (NNN). Two industrial buildings a mile apart can lease at very different rates depending on age, clear height, and dock access. We keep a close watch on lease rates across the area and have insight on what range will fit your needs.

NNN stands for triple net. In an NNN lease, the tenant pays base rent plus three costs: property taxes, building insurance, and common area maintenance (CAM). Utilities aren’t part of the NNN charges, and tenants typically pay them separately.

Other lease types split costs differently. In a gross lease, the tenant pays one flat rent and the landlord covers taxes, insurance, and CAM. A modified gross lease falls in between, with the tenant and landlord sharing some of those expenses.

Knowing the lease structure matters when you compare spaces, because a lower NNN rate can end up costing more than a higher gross rate. Our brokers can help you compare the full cost of each option.

Timelines depend on property type, price, location, and market conditions. Well-priced properties in high-demand categories can move quickly, while specialized buildings may take longer to find the right buyer. Accurate pricing from the start is the biggest factor you control, and that’s where a Broker Price Opinion helps.

A BPO is a broker’s estimate of what your property would sell for in today’s market, based on comparable sales, construction and land costs, current listings, and local conditions. There are risks with pricing too high or too low, so we aim to maximize your return while staying in tune with reality. Our brokers base every BPO on decades of Sioux Falls market data and knowledge so you can list with confidence. Request a BPO for your property by contacting us at 605-336-7600 or info@benderco.com.

The decision to lease or buy depends on your capital, growth plans, and how long you expect to stay. Buying builds equity and gives you control, but it ties up capital and adds ownership responsibilities. Leasing keeps capital free and gives you flexibility as your business changes. Some owners do both: they buy, then sell the property and lease it back to free up cash. Our brokers are experienced with weighing these factors and can walk through the numbers with you so you can make the right call.

Before you lease commercial property, it is important to know your space needs, budget, and timeline, and look at the full cost of the lease, not just base rent. Lease structure, common area charges, tenant improvement allowances, renewal options, and term length all affect what you will pay. A tenant representative negotiates on your behalf and makes sure the space works for your business now and as you grow.

Yes. Our brokers represent buyers, sellers, landlords, and tenants across all commercial property types. We are always clear about who we represent in a transaction, so you can have full confidence in knowing whose interests we are working for.

Unlock potential with Bender Commercial Real Estate Services:
Where Expertise Meets Opportunity.

Local Experts

We possess an in-depth understanding of the real estate market in our area, allowing us to provide valuable insights and guidance to clients.

Commitment to Community

We prioritize giving back by supporting local organizations, sponsoring community events, and fostering a culture of social responsibility.

Results Oriented

With a focus on efficiency, productivity, and innovation, we deliver tangible results that propel our success and that of our clients.

Dedicated Team

Our team is composed of highly skilled professionals who are passionate about their work, going above and beyond client expectations.