Bender Commercial brokers, Rob Kurtenbach and Reggie Kuipers, SIOR, recently guided Ransom Church through the sale of two properties.
Ransom Church – South Campus
With the goal of bringing more services under one roof, Ransom Church approached Kurtenbach and Kuipers to sell their 10,046 square foot south campus property. Spanning two floors, the property features a lobby area, classrooms, nursery, restrooms, and a 400-person sanctuary. In the end it was the location that drove interested buyers.
Ransom Church’s south campus building is located on South Charger Circle near the intersection of Cliff Avenue and 69th Street in rapidly growing southeast Sioux Falls. Additionally, the property is positioned to benefit from its proximity to the future South Dakota Highway 100. The to-be constructed thoroughfare will be less than one mile to the south of the property which will provide easy access for future users.
“We received interest in the property from a couple of different parties,” said Kurtenbach. “But ultimately, the best fit ended up being the neighboring Sioux Falls Christian School.”
The Sioux Falls Christian School campus is located across South Charger Circle just to the east of the property, and the proximity to their current facilities ended up being the main selling point.
“The site can accommodate a 3,000 square foot expansion and has a great parking ratio,” said Kuipers. “Sioux Falls Christian will be able to utilize the building well into the future.”
The final sale price of the property was $2 million.
Ransom Church – Minnesota Avenue Office Building
In an effort to consolidate their team to operate from a single location, Ransom Church also had Kurtenbach and Kuipers list their 5,624 square foot central office building for sale. The two-story, remodeled office property has 17 private offices, three conference rooms, various work areas and restrooms, and a reception area.
“At 5,600 square feet, the property is kind of an odd size in the market. It’s too big and expensive for a small office user and too small for a major office user,” said Kurtenbach. “The lack of parking was also an issue for some potential buyers.”
After garnering interest from several buyers, Kurtenbach and Kuipers brokered the sale of the building for $850,000 to an investor looking to turn the property into a daycare facility.
“The accessibility and the highly visible and centralized location on Minnesota Avenue was what closed the deal,” said Kuipers.
When asked about the process of selling two properties for Ransom Church, Kurtenbach concluded, “It’s fun to help ministries get to the next stage and better utilize their resources and accomplish their mission.”