DECO REALTY
410 Bernard Save Request In-Person Tour Request Virtual Tour
Billings,MT 59101
Key Details
Property Type Commercial
Sub Type Office
Listing Status Active Under Contract
Purchase Type For Sale
Square Footage 34,800 sqft
Price per Sqft $71
Subdivision Burlington Northern
MLS Listing ID 351162
Construction Status Resale
HOA Y/N No
Year Built 1965
Annual Tax Amount $24,168
Lot Size 3.170 Acres
Acres 3.17
Property Sub-Type Office
Property Description
Great industrial investment opportunity that's had a long term tenant and a new 5 year lease just put in place offering an 8% CAP rate. Rent escalators in 2026 and 2028, which will be an average of the 2 years CPI adjustment. Situated in a prime west Billings location with good visibility and access to everything, the 3+ acre property includes a paved and fenced storage yard and ample office parking. New 5 year lease through 11/30/2029 at $198k NOI, NN.
Approx 5600 sq ft of office & 29,200 sq ft of shop, featuring 9 OH doors, wash bay, 3 phase power, large open reception with cubicles, 9 private offices (many oversized with 2 desks) conference room, break room, locker room, 2 bathrooms (1 newly remodeled ADA bathroom). Over $300k in recent updates, incl roof, asphalt, furnaces, bathroom and all new LED lighting, which takes care of the majority of owners responsibilities in the lease.
Location
State MT
County Yellowstone
Area (08) West Billings
Zoning Light Industrial
Interior
Heating Natural Gas
Cooling Central Air,Other
Fireplace No
Exterior
Water Access Desc Public
Building
Dwelling Type Industrial,Office
Entry Level One
Sewer Public Sewer
Water Public
Level or Stories One
Construction Status Resale
Others
Tax ID A27588
Acceptable Financing Cash,1031 Exchange,New Loan
Listing Terms Cash,1031 Exchange,New Loan
Virtual Tour https://www.propertypanorama.com/instaview/bmt/351162