Industrial Investment Opportunity | 923 2nd Ave
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Industrial Investment Opportunity 923 2nd Ave
33,543 SF 93% Leased Industrial Building Billings, MT 59101 $3,525,000 ($105/SF)
Investment Highlights
- Two (2) long term triple net (NNN) leases in-place
- Professionally managed and well-maintained
- Ninety-three percent (93%) occupied with solid occupancy history
- Attractive in-fill location with close proximity to I-90 and Main Street
- Dedicated parking, storage, and multiple ingress/egress points
Executive Summary
SterlingCRE Advisors is pleased to present 923 2nd Ave North, an industrial investment opportunity with established long term leases in place. Situated in the heart of the North Park Commercial neighborhood, the offering is ideal for investors and tenants seeking to capitalize on a high-traffic area with convenient access to Interstate-90 and all major Billings arterials.
With unparalleled visibility and accessibility, this ±33,542 square foot three-tenant building is designed to accommodate a variety of uses. Zoned light industrial (IL), the building has three (3) grade level doors and one (1) dock-high loading door with flat topography for ample parking and multiple ingress/egress opportunities. South-facing windows line the corner retail/office area providing for exceptional showroom space.
At 93% occupancy and active leasing efforts in place for the remaining 2,413 square foot space, 923 2nd Avenue North provides investors with the opportunity to acquire a stabilized core asset in one of Montana’s largest markets.
With unparalleled visibility and accessibility, this ±33,542 square foot three-tenant building is designed to accommodate a variety of uses. Zoned light industrial (IL), the building has three (3) grade level doors and one (1) dock-high loading door with flat topography for ample parking and multiple ingress/egress opportunities. South-facing windows line the corner retail/office area providing for exceptional showroom space.
At 93% occupancy and active leasing efforts in place for the remaining 2,413 square foot space, 923 2nd Avenue North provides investors with the opportunity to acquire a stabilized core asset in one of Montana’s largest markets.
Data Room Click Here to Access
Property Facts
| Price | $3,525,000 | Building Class | C |
| Price Per SF | $105 | Lot Size | 1.02 AC |
| Sale Type | Investment | Rentable Building Area | 33,543 SF |
| Property Type | Industrial | No. Stories | 1 |
| Property Subtype | Truck Terminal | Year Built/Renovated | 1957/2000 |
| Price | $3,525,000 |
| Price Per SF | $105 |
| Sale Type | Investment |
| Property Type | Industrial |
| Property Subtype | Truck Terminal |
| Building Class | C |
| Lot Size | 1.02 AC |
| Rentable Building Area | 33,543 SF |
| No. Stories | 1 |
| Year Built/Renovated | 1957/2000 |
Amenities
- Signage
Utilities
- Lighting
- Gas
- Water
- Sewer
- Heating
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PROPERTY TAXES
| Parcel Number | 03-1033-34-2-11-01-0000 | Improvements Assessment | $1,072,166 |
| Land Assessment | $394,834 | Total Assessment | $1,467,000 |
PROPERTY TAXES
Parcel Number
03-1033-34-2-11-01-0000
Land Assessment
$394,834
Improvements Assessment
$1,072,166
Total Assessment
$1,467,000
zoning
| Zoning Code | IL (Light Industrial) |
| IL (Light Industrial) |
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Claire Matten, CCIM/SIOR -
Carly Chenoweth -
Sterling Commercial Real Estate Advisors
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Industrial Investment Opportunity | 923 2nd Ave
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