4685 Expressway - Warehouse FOR SALE


Missoula, MT 59808
$3,365,000 USD
406-360-3102
4685 Expressway, Missoula, MT for Sale
$3,365,000 USD
Warehouse - FOR SALE
1/31
null | 7% Cap Rate

4685 Expressway
Missoula, MT 59808


HIGHLIGHTS

  • Longterm triple net (NNN) lease in place with 3% annual escalations
  • Excess yard space for development or expansion
  • Potential rail access; interior loading ramp
  • Dynamic M1R-2 zoning allows for a wide variety of uses
  • Office: Four (4) offices, retail counter and restrooms
  • Warehouse: Four (4) grade level doors, two (2) dock high loading doors, restrooms, break room, mezzanine

OVERVIEW

SterlingCRE Advisors is pleased to present 4685 Expressway, a rare opportunity to acquire a fully-leased, high-performing industrial building on ±5.19 acres. With over twenty-five locations across the Pacific Northwest, GTS Supply has been a strong performer in the Missoula market since 2017. In addition to the low-maintenance income from the long term lease in place, an additional ±1.9 acres is available for a second development project along one of Missoula’s expanding thoroughfares. The warehouse building is made up of ±19,660 square feet and is equipped with restrooms, a break room, interior loading ramp, and clear height near 26 feet. The office building is made up of ±1,930 square feet and is equipped with four (4) offices, a retail counter and restrooms. The permissive M1R-2 zoning allows for a wide array of commercial uses along with high density residential. Options range from apartments, live-work units to industrial/office/retail along this corridor. The property was formerly served by a rail spur, which has the potential to be reinstated (subject to safety updates, BNSF guidelines and approvals). Pricing is broken down into the income approach (7% cap rate - May 2025) for the existing lease on ±2.54 acres plus $7.03/SF for the excess ±2.65 acres (±1.9 acres net) of development land. Disclaimer: Tenant holds a Right of First Refusal (ROFR) to meet a bona fide offer submitted by a third party. Tenant must elect to exercise said ROFR within 10 days of Landlord notice of receipt of bona fide offer.

FOR SALE DETAILS

PRICE

$3,365,000 USD

PRICE/SF

$152 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Industrial Investment Opportunity with Excess

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

ADD'L SUBTYPES

Distribution

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1994

UTILITIES

Lighting, Gas, Water - City, Sewer - Septic Field, Heating

CLEAR CEILING HT

20 Ft

DOCKS

3

DRIVE INS

4

PARKING SPACES

15

LAND DETAILS

LAND ACRES

5.19

LAND SF

226,076

ZONING

M1R-2

APN/PARCEL ID

04-2199-01-1-01-02-0000

ASK ABOUT THIS PROPERTY

Claire Matten, CCIM/SIORSterling Commercial Real Estate AdvisorsMore Info
406-360-3102

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Claire Matten, CCIM/SIORSterling Commercial Real Estate AdvisorsMore Info
406-360-3102

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.