Back to Previous Page 3460 Jet Dr

Multi -Tenant Industrial Investment

$2,900,000

Bldg 24,000 SF | Land 2.93 Acres | 1 Story

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Property Information

List Price $2,900,000

Zoning Light Industrial

Bldg SF 24,000

Bldg $/SF $121

Year Built 2025

County Pennington County

Acres 2.93

Property Overview

This newly constructed 24,000 SF light industrial development is currently in active lease-up with strong tenant demand and projected gross potential rent of $282,000 at stabilization. The property consists of four 6,000 SF warehouse buildings designed for multi-tenant use and demisable into 2,000 SF units. Each unit includes 16’ sidewalls, a 14’ x 14’ overhead door, heated interior space, and a private restroom. The site supports semitruck circulation, paved parking, and optional gravel yard areas Located near I-90 Exit 61 (Elk Vale Road / SD-79) within Rapid City’s established Elk Vale industrial corridor, the property provides convenient interstate access for local and regional users. NNN lease structures and remaining lease-up capacity create a clear path to stabilized income with additional upside through future yard or lot utilization. For additional information or to schedule a showing, contact Dan Logan at 605-593-7980.

Highlights

• 24,000 SF total across four new buildings
• Four 6,000 SF buildings demisable to 2,000 SF units
• $282,000 projected gross potential rent at stabilization
• Active lease-up with four LOIs in progress
• NNN lease structure
• 16’ sidewalls with 14’ x 14’ overhead doors
• Heated units with private restrooms
• Semi-truck circulation with paved parking
• Optional gravel yard spaces
• Near I-90 Exit 61 and Elk Vale Rd

Listing Agents

Chris Long

Chris Long

SIOR, CCIM

Commercial Broker

(605) 939-4489

Chris began his career in Denver, CO as a research associate for The Meyers Group. During his time in this position, he led the new development research group and published monthly reports on sales trends and absorption rates in the local market.

In 2003 he joined UDR, Inc., a national real estate investment trust focused on the multifamily sector. During his tenure with UDR, he held positions of financial analyst, operational strategist and 4 years as Director of Pricing and Revenue Management. Chris led a team in a nationwide rollout of yield management software for over 230 properties which led to industry wide adoption and industry leading revenue growth.

After moving to South Dakota in 2010, Chris joined Sandra Runde and formed the only team in Western South Dakota solely focused on commercial real estate sales and leasing. Over the past 12 years, the KW Commercial team has led the market in both commercial sales and commercial leasing volume. In the last 3 years his team has sold and leased nearly $200 Million in real estate placing them #1 in the North Central Region and ranked in the top 10 for KW Commercial nationwide.

Dan Logan

Dan Logan

Broker Associate

(605) 593-7980

Having grown up in the Black Hills, moving back was an easy choice for Dan after finishing his contract with the Army. During those years he served as a combat medic and was stationed in Germany and Colorado working primarily alongside infantry and military police units.

Upon returning to Rapid City, he enrolled with Black Hills State University and recently graduated with a degree in Business Management. During this time, he also obtained his Real Estate License and began work with the Rapid City Commercial Team. He is eager to assist business owners and investors navigate their commercial real estate decisions and create win-win deals for both parties in a transaction.

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Michael Henry

Michael Henry

5 stars

Chris and Hannah have been great to work with. Their attention to detail and weekly updates/reminders are fantastic.

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Melissa F.

Melissa F.

5 stars

I highly recommend Keller Williams Realty for all your residential and commercial needs! I have had the pleasure of working with Keller Williams Realty for more than six years, in both residential and commercial property purchases, and most recently, commercial lease transactions. I am impressed by their professionalism and commitment to prioritizing their customer's needs. During my time with them, I've had the privilege of working closely with Chris Long, Craig Crews and Gina Plooster, all of whom have consistently exceeded my expectations in their efforts to assist me. My association with Chris began in 2017, and it took over two years to find the ideal commercial property. Throughout this process, Chris consistently ensured that my specific needs and preferences were his top priority. Chris has always been highly responsive and professional, making it a smooth and an enjoyable experience. I can attest to the same level of responsiveness and professionalism in my dealings with Craig when I purchased a home in 2019. Just recently, I had the pleasure of working with Gina as she assisted me in successfully filling both sides of my building with new tenants. Once again, she went above and beyond to deliver exceptional service and look out for our best interests as a business. In summary, I absolutely recommend Chris Long, Craig Crew, and Gina Plooster for their outstanding services at Keller Williams Realty. You can trust that they will not only meet but exceed your expectations, ensuring a positive and successful real estate experience. Thank you, Chris, Craig, and Gina. I look forward to working with you in the future!

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Paige Litz

Paige Litz

5 stars

Gina is an upbeat tireless advocate for her clients and a pleasure to work with. In our area, she’s the only agent that focuses exclusively on commercial leasing so she is clearly the only person to call.

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