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33347712
33347711

2525 Colonial Drive, Helena, MT 59601

TW
MT RRE-BRO-LIC-98724
Coldwell Banker Commercial Green & Green
Listed by Coldwell Banker Commercial Green & Green
$3,250,000
1 day on market
Updated 1 day ago

Colonial Professional Center

Details
Property Type Office, Land
Sub Type Traditional Office, Commercial
Square Footage 19,791
Units 118
Cap Rate 5.35%
NOI $173,899
Occupancy 75%
Tenancy Multi
Lease Type NN
Lease Expiration 09/30/2030
Pro-Forma Cap Rate 8.08%
Pro-Forma NOI $262,674
Price per SqFt $164
Broker Co-Op True
Class B
Year Built 1985
Buildings 1
Stories 2
Acreage 2.200
Zoning R-O
Investment Type Value Add
Sale Condition N/A

Helena Office Investment | 5.35% In-Place Cap | 8.08% Stabilized | Plus Excess Land

Marketing description

2525 Colonial Drive - a 19,791 square foot office building with excess land. The property is located adjacent to St. Peter's Health and near the I-15 interchange. The site, made of two parcels, measures approx. 2.2 acres, and has 118 existing parking spaces. The building has two levels connected by an elevator, with each level offering ground-floor ADA access. It features a 1200-amp, 3-phase electrical service, a 60 kW backup generator, and a full fire suppression system.

The upper floor is fully occupied by an existing tenant, providing stable in-place income. The lower level is demised into two separate units, allowing for diversified tenancy; one unit is currently leased while the other remains vacant, offering immediate upside for an owner-user or investor through lease-up or potential owner occupancy. The investment offers flexibility - the seller has a condo declaration prepared and ready to sign from this year, which would enable units to be sold off individually. Second, the excess land can also be sold, held, or developed

Investment highlights

In-Place 5.35% Cap Rate, 8.08% upon Lease-Up

Two Separate Parcels

118 Parking Spaces

Long Standing Tenant

Adjacent To St Peter's Hospital

Located In Helena's Medical Neighborhood

Seller Has a Draft Condo Declaration

Listing Contacts

TW
MT RRE-BRO-LIC-98724
Coldwell Banker Commercial Green & Green
Listed by Coldwell Banker Commercial Green & Green

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$173,899.00
$14,491.58/mo

Valuation Metrics

0
DSCR
5.35%
Cap Rate
5.35%
ROI

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Additional Information

Name
Tyler Warne, CCIM
License
RRE-BRO-LIC-98724
Brokerage Phone
4064421736
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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