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501 River Dr S

17,706 SF 100% Leased Office Building Great Falls, MT 59405 For Sale

Investment Highlights

  • Extremely Rare Class “A” Office Investment Opportunity with High Credit Tenants – 100% Occupied
  • Located on ± 1.12 AC in the heart of Great Falls, Montana – one of the most sought-after markets in the state of Montana.
  • Average lease term of 8 years, providing new ownership a fantastic stabilized revenue stream within an average 5-year hold period.
  • New 2021 Construction – limited capital improvements required within average hold period Excellent Office Complex
  • Annual rent escalations of ± 3.2% (Based on the year-to-year CPI-U Index) for both tenants in the primary and option terms
  • Unique Office asset 100% leased by High Credit Tenants - Opportunity Bank of Montana and BHE Montana

Executive Summary

DB2RE is pleased to present the rare opportunity to acquire The Opportunity Bank Office Complex (“The Property”), a three-story Class-A office investment located in the heart of Montana in Great Falls, the third-largest city in the state. Currently, the Property is 100% leased to Opportunity Bank of Montana and BHE Montana, a Berkshire Hathaway Energy Company (“The Tenants”). Both Tenants are on a “Net Lease” structure (limited management requirements for prospective investors) and have rent escalations of +/- 3.2% (Based on YTY CPI-U Index) throughout the primary and option terms to hedge against inflation. Strategically located alongside the Missouri River and near downtown Great Falls, the Property boasts an unbeatable location within one of the most desired and tightest markets in the state of Montana. Recently built in 2021, the asset is updated with modern infrastructure, amenities, and has been well maintained – making this asset one of the premier assets in the Great Falls market. The Property is situated on 1.12 AC, totaling three stories with a total of 17,706 SF.
With convenient access to I-15 & U.S. 87, Opportunity Bank of Montana, BHE Montana, or future tenants enjoy unbeatable access to the entire Great Falls market. This asset is strategically positioned within 10 minutes from Great Falls International Airport, making it an ideal office location for both employees and employers. This offering provides sophisticated investors a rare opportunity to acquire a Class-A office complex with strong, long-term tenants on net leases, ensuring minimal management responsibilities and a perfect blend of stability and upside as it relates to revenue growth. Its prime location, modern infrastructure, and secure tenancy make it an ideal investment for a wide range of prospective buyers in one of Montana’s most desirable markets.

Data Room Click Here to Access

Property Facts

Sale Type
Investment
Property Type
Office
Building Size
17,706 SF
Building Class
B
Year Built
2021
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
5,902 SF
Building FAR
0.36
Land Acres
1.12 AC
Zoning
M-2 / Commercial - Commercial

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
02-3015-11-4-04-08-0000
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$4,997,444
  • Listing ID: 33680426

  • Date on Market: 10/29/2024

  • Last Updated:

  • Address: 501 River Dr S, Great Falls, MT 59405

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