OFFICE CONDO FOR SALE 333 West Boulevard, Unit 3, Rapid City, SD 57701

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1 INVESTMENT OPPORTUNITY CONDO FOR SALE 333 West Boulevard, Unit 3,, SD Updated June 2018 Exclusively listed by: Chris Long, CCIM Commercial Broker Your Property... Our PrioritySM

2 PROPERTY SUMMARY Property Details Floor Size: 13,316 SF Total 1,584 SF Common Area Acres: 0.66 Zoning: General Commercial Year Built: 2005 Legal Description: First Western Gateway Condos, UNIT 3 & 24.6% in Common Areas Tax ID: Taxes (2017): $39, Special Assessment (2017): $ (Storm Water) Highlights One of a kind investment opportunity in the iconic First Interstate Gateway building, one of the most prominent buildings in. Class A office condo is located on the 3rd Floor and is home to six individual office suites. Tenant list is a diversified mix of professionals containing medical, financial and government leases with solid, long term leases Property has one vacant suite currently that could easily be leased or occupied by the owner The First Interstate Gateway building is located in the heart of with great parking, top notch amenities, fantastic accessibility from I-190, Omaha St and West Blvd High-end finishes in each suite, common area restrooms, two-elevator access Stabilized Financial Summary Stabilized Property Rental Income $277,059 Expenses (2016/2017 Average) Utilities $23,150 Real Estate Taxes $39,531 Insurance $4,070 CAM $16,735 Janitorial $18,624 Total Expenses $102,110 Net Income Operating Income $174,949 Sale Price: $2,599,000

3 RENT ROLL Company Suite SF $ per SF Annual Rent Common Area Maintenance Next Date of Renewal Term Escalations Advanced Dental Professionals 300 3,496 $24.46 $85,512 +/- $7.29/SF 5/1/ years 2% Annual Office of Inspector General 301 1,416 $26.35 $37,312 CPI & Actual Taxes 11/1/ years 7 years firm Waddell & Reed $17.00 $15,300 Included in Base Rent 5/1/ years CPI with 2% Max at Renewal Avera McKennan 304 3,007 $23.71 $71,296 Included in Base Rent 1/29/ year 1% Annual North Point Trust Company, Inc $22.03 $18,726 Included in Base Rent 12/1/ years 2% Annual Vacant 306 2,063 $23.71 $48,914 Included in Base Rent Common Area 1,584 Total Stablized 13,316 $277,059 Current Rents 9,669 $23.06 $228,145

4 FLOOR PLAN Suite 300A Advanced Dental 3,496 SF REST BREAK REST Suite 301 Dept of the Interior 1,416 SF DATA CONFERENCE Common Area 1,584 SF ELEVATOR WOMEN MEN Suite 303 Waddell & Reed 900 SF Suite 302 Vacant 2,063 SF DATA CONFERENCE ELEVATOR CONFERENCE/BREAK Suite 304 Avera Health 3,007 SF Suite 303 Northpoint Trust 850 SF

5 LOCATION The Journey Museum Civic Center Central gh School Memorial Park OMAHA ST City Hall 5TH ST Main Street Square Downtown 333 West Blvd MAIN ST Hotel Alex Johnson ST JOSEPH ST MT RUSHMORE RD Federal Building Public Library Turnac Tower NORTH TO I-90 WEST BLVD Halley Park Founders Park 333 West Blvd

6 PHOTOS

7 DEMOGRAPHICS Welcome to South Dakota and! The Mount Rushmore State of South Dakota has carved a solid reputation for business friendliness. It is consistently ranked in the top five states for setting up and conducting business. Small and big companies alike are discovering South Dakota s central location and progressive business climate. is a gem of a city in the state. Located in the west, it is situated on I-90 with direct access to the Black Hills and the surrounding energy fields and is the regional economic and medical hub for a 200 mile radius containing 630,000 people. has a diverse economy of many thriving small businesses boosted by the area s major industries of tourism, healthcare, Ellsworth Air Force Base, and financial call centers. National Rankings #1 #2 #4 #6 #6 Best Towns Outdoor Life, 2010 South Dakota Best State for Business CNBC, 2016 Best Places to Launch a Business CNN Money, 2009 Cities with the Lowest Unemployment Rate Forbes, 2017 Best Small City for Business and Careers Forbes, 2013 Area Key Stats Total Work Force...65,250 Employed...62,900 Unemployed...2,350 Unemployment Rate...3.6% Right-to-work Law...Yes Employment by Sector: Retail Trade...8,400 Transportation, Warehousing & Utilities... 11,600 Professional & Business Services...5,100 Educational & Health Services...10,600 Leisure & Hospitality...7,800 Government...10,700 5 miles 10 miles 20 miles Total Households 23,177 43,682 53,033 Total Population 57, , ,947 Persons Per Household Average Household Income $45,992 $55,324 $62,533 Average House Value $125,555 $165,762 $194,147 Average Age Average Age Male Average Age Female