920 NE Main St
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920 NE Main St
32,256 SF 100% Leased Office Building Lewistown, MT 59457 $6,440,000 ($200/SF) 6.25% Cap Rate
Investment Highlights
- Long-Term U.S. Government Tenant: The property is anchored by the Bureau of Land Management (BLM), a reliable and long-term tenant.
- Energy Star Certified: This building is Energy Star certified, meeting strict energy efficiency guidelines set by the EPA.
- Strategic Location: Positioned on 5.92 acres of land within the C3 - Highway Commercial zoning, the property offers easy access and visibility..
- High-Quality Facility: The building is in excellent condition, equipped with city water and sewer, and other amenities.
- Ample Parking: The property includes 85+ parking spaces, making it convenient for tenants and visitors alike.
- Strong Financials: With a 6.25% cap rate, this property delivers a solid return on investment, backed by the security of a government lease.
Executive Summary
Discover an exceptional investment opportunity in Lewistown, Montana, featuring a Class "B" office facility in excellent condition with 6.25% CAP. This 30,000+ square foot, single-story building, built in 2004 and renovated in 2015, serves as a regional field office for the Bureau of Land Management (BLM), a reliable and long-term tenant with a lease extended through January 2030. Conveniently located on the Eastern edge of Lewistown with easy access from U.S. Hwy 87 and MT 200, this field office and warehouse serves 750,000+ acres of public land spanning across eight Montana counties, and provides a central hub for its fieldworkers and law enforcement. This is a rare opportunity to acquire a high-quality, income-producing asset with a government-backed lease. All inquiries and showings will be handled through the listing agent. Please do not contact, visit, or inquire of the BLM.
Property Facts
Sale Type
Investment NNN
Property Type
Office
Building Size
32,256 SF
Building Class
B
Year Built/Renovated
2004/2015
Price
$6,440,000
Price Per SF
$200
Cap Rate
6.25%
NOI
$402,500
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
32,256 SF
Building FAR
0.13
Lot Size
5.92 AC
Zoning
Commercial - City-C3-Highway Commercial
Parking
195 Spaces (6.05 Spaces per 1,000 SF Leased)
Amenities
- Security System
- Signage
- Storage Space
- Reception
- Air Conditioning
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PROPERTY TAXES
| Parcel Number | 08-2467-11-4-08-07-0000 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $4,232,800 |
PROPERTY TAXES
Parcel Number
08-2467-11-4-08-07-0000
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$4,232,800
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920 NE Main St
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