923 2nd Ave - Truck Terminal FOR SALE


Billings, MT 59101
$3,525,000 USD
406-203-4547
923 2nd Ave, Billings, MT for Sale
$3,525,000 USD
Truck Terminal - FOR SALE
1/7
null | Request Cap Rate

923 2nd Ave
Billings, MT 59101


HIGHLIGHTS

  • Two (2) long term triple net (NNN) leases in-place
  • Attractive in-fill location with close proximity to I-90 and Main Street
  • Professionally managed and well-maintained
  • Dedicated parking, storage, and multiple ingress/egress points
  • Ninety-three percent (93%) occupied with solid occupancy history

OVERVIEW

SterlingCRE Advisors is pleased to present 923 2nd Ave North, an industrial investment opportunity with established long term leases in place. Situated in the heart of the North Park Commercial neighborhood, the offering is ideal for investors and tenants seeking to capitalize on a high-traffic area with convenient access to Interstate-90 and all major Billings arterials. With unparalleled visibility and accessibility, this ±33,542 square foot three-tenant building is designed to accommodate a variety of uses. Zoned light industrial (IL), the building has three (3) grade level doors and one (1) dock-high loading door with flat topography for ample parking and multiple ingress/egress opportunities. South-facing windows line the corner retail/office area providing for exceptional showroom space. At 93% occupancy and active leasing efforts in place for the remaining 2,413 square foot space, 923 2nd Avenue North provides investors with the opportunity to acquire a stabilized core asset in one of Montana’s largest markets.

FOR SALE DETAILS

PRICE

$3,525,000 USD

PRICE/SF

$105 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Industrial Investment Opportunity

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Truck Terminal

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1957

UTILITIES

Lighting, Gas, Water, Sewer, Heating

CLEAR CEILING HT

-

DOCKS

-

DRIVE INS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.02

LAND SF

44,344

ZONING

IL

APN/PARCEL ID

03-1033-34-2-11-01-0000

ASK ABOUT THIS PROPERTY

Claire Matten, CCIM/SIORSterling Commercial Real Estate AdvisorsMore Info
406-203-4547

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Claire Matten, CCIM/SIORSterling Commercial Real Estate AdvisorsMore Info
406-203-4547

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