Updated Sep 18, 2026
SOLDRetail
Kingsbarn Realty Acquires Retail Asset From MFF Sports Complex LLC For $37M In Sioux Falls
3035 West Fleet Street
$37,000,000
$194/SF
Building Size
190,000 SF
Asset Type
Retail
Closing
Oct 14, 2023
About this deal
AI
The property asset involved in the transaction is a retail space located at 3035 West Fleet Street in Sioux Falls. The sale was finalized for $37,000,000.00, encompassing a total square footage of 190,000.0.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $37,000,000.00
- Address: 3035 West Fleet Street
- Market: Sioux Falls
- Square Footage: 190,000.0
- Buyer: Kingsbarn Realty
- Seller: MFF Sports Complex LLC
- Sale Date: 10/14/2023
The transaction involved Kingsbarn Realty as the buyer, while MFF Sports Complex LLC acted as the seller. The deal reflects a significant investment in the retail sector within the Sioux Falls market.
On the Map
$37,000,000
$194/SF
Retail
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Players
Sioux Falls Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.43%
Cash-on-Cash
-0.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93