410 BernardBillings, MT 59101
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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.
| 24 hours ago | Status changed to Active Under Contract | |
| 24 hours ago | Listing updated with changes from the MLS® | |
| 3 weeks ago | Price changed to $2,500,000 | |
| a month ago | Listing first seen on site |
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