283 W Front St | Missoula, MT 59802
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- LoopNet Team
283 W Front St
Missoula, MT 59802
River Front Place · Office Property For Sale
Investment Highlights
- The Property is 100% occupied and provides historically stable occupancy with over half of the building’s GLA occupied by D.A. Davidson and SG Long
- Annual scheduled rent increases take place on January 1st of every year, for all tenants. Rent increases are based on the annual rate of CPI increase
- Downtown Missoula has an extremely low submarket vacancy of 4.20% for Class A vacancy space, per CoStar.
- The Landlord just negotiated a three-year extension for Bohyer, Erickson, Beaudette & Tranel (BEBT), with two newly executed leases for the park level
- Current ownership has invested over $2.5M into building improvements over the last seven years, including a new roof membrane in 2018 and HVAC units
- The Property benefits from its location adjacent to the city-owned Caras parking lot where the Landlord has exclusive access to 55 stalls
PROPERTY FACTS
Property Type
Office
Building Size
25,835 SF
Building Class
A
Year Built/Renovated
1994/2022
Tenancy
Multiple
Building Height
4 Stories
Typical Floor Size
6,459 SF
Building FAR
2.26
Lot Size
0.26 AC
Zoning
CBD4
Parking
73 Spaces (2.25 Spaces per 1,000 SF Leased)
PROPERTY TAXES
| Parcel Number | 04-2200-22-2-01-07-0000 | Improvements Assessment | $5,075,962 |
| Land Assessment | $840,238 | Total Assessment | $5,916,200 |
PROPERTY TAXES
Parcel Number
04-2200-22-2-01-07-0000
Land Assessment
$840,238
Improvements Assessment
$5,075,962
Total Assessment
$5,916,200
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