Description
Great industrial investment opportunity that's had a long term tenant and a new 5 year lease just put in place offering a 7% 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 with owner responsible only for some property maintenance. Approx 5600 sq ft of office and 29,200 sq ft of shop space, featuring 9 overhead doors, wash bay, 3 phase power, large open reception area 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 including roof, bathroom, all new LED lighting and asphalt.
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0BEDS
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N/AACRES
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0BATHS
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01/2 BATHS
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34,800SQFT
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$80$/SQFT
School Ratings & Info
Description
Great industrial investment opportunity that's had a long term tenant and a new 5 year lease just put in place offering a 7% 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 with owner responsible only for some property maintenance. Approx 5600 sq ft of office and 29,200 sq ft of shop space, featuring 9 overhead doors, wash bay, 3 phase power, large open reception area 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 including roof, bathroom, all new LED lighting and asphalt.