A new 5-year lease for 3,900 square feet and a new 3-year extension for 3,000 square feet are in place. This building is fully leased, which is great for an investor! The new price translates to a 7-cap based on the 2025 pro-forma. Please see the Offering Memorandum in the associated docs for details.
Situated in a prime area of Four Corners, this 1.1-acre property boasts a 4,500-square-foot office building and two steel warehouses with bathrooms, each spanning 2,400 square feet, totaling 9,300 square feet of usable space. Constructed in 1998 & 2005, the office/warehouse complex has been well maintained and features nice finishes, fenced with a security gate, professional landscaping with irrigation, and ample parking. The property is currently occupied by three established tenants, with leases expiring in 2030, 2028 and 2027. This presents a prime opportunity to acquire a turnkey commercial property with future upside. Conveniently accessible from Jackrabbit Lane, the property is located near Bozeman, Belgrade, the Bozeman Yellowstone International Airport, and I-90.