40 Enterprise Blvd | Fully Leased Bozeman | 40 Enterprise Blvd
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40 Enterprise Blvd | Fully Leased Bozeman 40 Enterprise Blvd
29,724 SF 100% Leased Office Building Bozeman, MT 59718 $10,500,000 ($353.25/SF) 5.32% Cap Rate
INVESTMENT HIGHLIGHTS
- Built in 2000
- Well-maintained building
- Close proximity to Montana State University
EXECUTIVE SUMMARY
SterlingCRE Advisors is pleased to present this fully leased investment opportunity at 40 Enterprise Boulevard in Bozeman, Montana. This well-finished, ±29,724 square foot office building is situated on ±3.03 acres at the southern edge of Bozeman.
The property is located within Bozeman’s Opportunity Zone, just south of Montana State University. Built in 2000, the building can easily be adapted into a multi-tenant building, though it is currently fully leased to tenants Inhealth, Bozeman Health, and Proper Insurance. Proper Insurance has already committed to taking the Bozeman Health Space in April when they vacate.
The building's layout is based on a central core of restrooms, mechanical, elevator, and a stairwell with offices branching north and south, creating four leasable areas of around ±7,000 square feet each. The property is nicely landscaped, with ample parking on site.
Bozeman, Montana, is an affluent, high-velocity market, consistently ranking at the top of fast growing small cities.
The property is located within Bozeman’s Opportunity Zone, just south of Montana State University. Built in 2000, the building can easily be adapted into a multi-tenant building, though it is currently fully leased to tenants Inhealth, Bozeman Health, and Proper Insurance. Proper Insurance has already committed to taking the Bozeman Health Space in April when they vacate.
The building's layout is based on a central core of restrooms, mechanical, elevator, and a stairwell with offices branching north and south, creating four leasable areas of around ±7,000 square feet each. The property is nicely landscaped, with ample parking on site.
Bozeman, Montana, is an affluent, high-velocity market, consistently ranking at the top of fast growing small cities.
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Building Size
29,724 SF
Building Class
B
Year Built
2000
Price
$10,500,000
Price Per SF
$353.25
Cap Rate
5.32%
NOI
$559,012
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
14,500 SF
Building FAR
0.23
Lot Size
3.03 AC
Opportunity Zone
Yes
Zoning
R-0 - County
Parking
147 Spaces (4.95 Spaces per 1,000 SF Leased)
AMENITIES
- Security System
- Central Heating
- Partitioned Offices
- Reception
- Drop Ceiling
- Air Conditioning
PROPERTY TAXES
| Parcel Number | 06-0798-23-1-66-03-0000 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $6,825,500 |
PROPERTY TAXES
Parcel Number
06-0798-23-1-66-03-0000
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$6,825,500
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40 Enterprise Blvd | Fully Leased Bozeman | 40 Enterprise Blvd
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