Billings, MT 59101,410 Bernard
Billings, MT 59101,410 Bernard
Billings, MT 59101,410 Bernard
Billings, MT 59101,410 Bernard
Billings, MT 59101,410 Bernard
Billings, MT 59101,410 Bernard
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Listed by Lauren Bond THE Agency Montana
$ 2,500,000
Est. payment | /mo

34,800 SqFt


$ 2,500,000
Est. payment | /mo

34,800 SqFt

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

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"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(406) 702-3949

shawn@deco-realty.com

80 25th St W, Billings, MT, 59102, USA

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410 Bernard