INVESTMENT HIGHLIGHTS
OWNER/USER OPPORTUNITY
The Property is currently vacant, providing an owner/user with the opportunity to immediately occupy the building. The Building is also easily reconfigurable to accommodate multiple tenants, allowing an owner/user the option to occupy a portion of the space and collect income on the remainder.
PRICED SIGNIFICANTLY BELOW REPLACEMENT COST
The Property is priced at just $123/SF, which is well below the cost to build a new facility of comparable size and quality in the Billings MSA.
HIGH QUALITY CONSTRUCTION
The Building was constructed in 2004 with high quality masonry and has been regularly maintained. The Property had a new roof installed in 2018 and the parking lot was sealed and striped in 2023, providing a new owner with a property that will require minimal maintenance in the near term.
NEW ROOF IN 2018 WITH TRANSFERABLE WARRANTY
The roof was replaced in 2018 and features a transferable warranty through November 2038.
PRICED BELOW ASSESSED VALUE
The Property’s assessed value is $3,317,300, presenting a future investor with a financially sound investment and future upside.
LOCATED IN A DOMINANT TRADE AREA
The Property benefits from its location in the heart of Billings MSA’s retail and industrial corridor. The Property sits adjacent to Ashley Homestore, Goodwill, the Home Depot, I.Keating Furniture & Mattress, Dollar Tree, Michaels, and Office Depot. Other major retailers within a 5-minute drive from the Property include Walmart, Costco, Lowe’s Home Improvement, Starbucks, and more. There are also two I-90 entrance/exits nearby the Property, providing easy access for employees, customers, or logistics coming from either the north or south of the property.
AFFLUENT, HIGH POPULATION GROWTH SUB-MARKET
Within a 5-mile radius, the population has grown over 9% since 2010 and is projected to increase by another 4.6% in the next 5 years, with average household incomes at nearly $80,000.
Listing Agents:
CLAYTON J. BROWN
