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19603181
19603182

2220 Grant Rd, Billings, MT 59102

JU
MT 4106
U Bar S Real Estate
CD
MT RRE-BRO-LIC-24429
U Bar S Real Estate
Listed by U Bar S Real Estate
$4,150,000
664 days on market
Updated 4 days ago

Morton Building

Details
Property Type Office
Sub Type Executive Office
Square Footage 25,825
Net Rentable (SqFt) 24,200
Cap Rate 6.97%
NOI $289,186
Occupancy 100%
Tenancy Multi
Lease Type NNN
Price per SqFt $161
Class A
Year Built 1986
Year Renovated 2022
Buildings 1
Stories 2
Acreage 1.520
Zoning CMU2-Corridor Mixed Use 2

Excellent location, Main level completely remodeled, new elevator

Marketing description

Seize the opportunity to own a premier office building in the highly sought-after Homestead Business Park, located in the west end of Billings, MT. This property is perfectly positioned for businesses seeking convenience and modern amenities.

Property Features:

Total Area: 25,825 square feet of versatile office space.

Main Level: 13,000 square feet, fully remodeled in 2022, featuring three sets of bathrooms, one equipped with showers.

Second Floor: 11,200 square feet with a newly installed elevator (2023) and an additional set of bathrooms.

Basement: 1,625 square feet of secured storage space, ideal for safeguarding important documents and equipment.

Parking: Approximately 80 parking spots available, providing ample space for employees and visitors.

Location Advantages:

Strategic Positioning: Easy access to Interstate US 90, facilitating a quick commute to all parts of Billings.

Convenient Amenities: Within walking distance to several restaurants, coffee shops, banks, and retail stores, enhancing the work-life balance for your team.

This office building offers a blend of modern updates, extensive space, and a prime location, making it the perfect investment for growing businesses.

Listing Contacts

JU
MT 4106
U Bar S Real Estate
CD
MT RRE-BRO-LIC-24429
U Bar S Real Estate
Listed by U Bar S Real Estate

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$289,186.00
$24,098.83/mo

Valuation Metrics

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DSCR
6.97%
Cap Rate
6.97%
ROI

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