410 Bernard,Billings, MT 59101
Billings, MT 59101
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.
Details
| MLS# | 351162 |
|---|---|
| Listing Type | For Sale |
| Status | Contingency |
| Year | 1965 |
| Days On Site | 44 |
| Listing Provided By | THE Agency Montana | Lauren Bond |
Features
| SQ Feet | 34,800 |
|---|---|
| Story(s) | 1 |
| Zoning | Light Industrial |
| Acreage | 3.17 |
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Learn More About This Property
| State | MT |
|---|---|
| County | Yellowstone |
| City | Billings |
| Zip Code | 59101 |
| Area | (08) West Billings |
| Community Name | Burlington Northern |
| Listing VS Median (in Burlington Northern) | |
Price: $2,500,000 low | high Med: $2,500,000 SqFt: 34,800 low | high Med: 34,800 $ / SqFt: $72 low | high Med: $72 On site: 44 low | high Med: 44.000000 | |