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1555 Campus Way

Billings, MT 59102
  • $594,900
  • STATUS: Active
  • ON SITE: 62 Days
  • MLS #: 328281
$594,900
  • 0
    BEDS
  • 0.88
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 2,818
    SQFT
  • $211
    $/SQFT
Type:
Commercial
Built:
2000
County:

School Ratings & Info

Description

INVESTMENT OPPORTUNITY - 5.2% Cap Rate - Purchase 2 professional office suites occupied by US Healthcare. 3 years remaining on existing lease term with 2 (TWO) 5 year renewal options, terms to be negotiated at time of renewal in 2025. Tenant covers CAM, Real Estate Taxes, Insurance and Utilities. NOI 2022 $30,996 or 5.2% Cap Rate. $1 per year rent escalations on initial term. Highlights:Suite D (1,781 SF) 2021 Taxes: $3410.62Suite E-1 (1,037 SF) 2021 Taxes: $2027.922022 Lease Terms: $11 PSF BASE + $4.64 NNN + Utilities paid by TenantZoning: PUDNew flooring/paint in 2020YEAR 3 NOI $30,996 (5.2% CAP RATE)YEAR 4 NOI $33,816 (5.6% CAP RATE)YEAR 5 NOI $36,636 (6.15% CAP RATE)

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© 2022 Billings Association of REALTORS® and Billings Multiple Listing Service. All rights reserved. Information deemed reliable, but not verified or guaranteed. Users are responsible for check the accuracy, completeness, currency, and status of all information. Data last updated 5/18/2022.
www.ashleydelpteam.com/homes/126745215
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1555 Campus Way Billings, MT 59102

  • Price: $594,900
  • Status: Active
  • On Site: 62 Days
  • MLS #: 328281
0
Beds
0
Baths
0
½ Baths
0.88
Acres
2,818
SQFT
$211
$/SQFT
2000
Built
Neighborhood:
Rocky Village Sub 3rd Amd
County:
Yellowstone
Area:
(07) Northwest Billings
Property Description
INVESTMENT OPPORTUNITY - 5.2% Cap Rate - Purchase 2 professional office suites occupied by US Healthcare. 3 years remaining on existing lease term with 2 (TWO) 5 year renewal options, terms to be negotiated at time of renewal in 2025. Tenant covers CAM, Real Estate Taxes, Insurance and Utilities. NOI 2022 $30,996 or 5.2% Cap Rate. $1 per year rent escalations on initial term. Highlights:Suite D (1,781 SF) 2021 Taxes: $3410.62Suite E-1 (1,037 SF) 2021 Taxes: $2027.922022 Lease Terms: $11 PSF BASE + $4.64 NNN + Utilities paid by TenantZoning: PUDNew flooring/paint in 2020YEAR 3 NOI $30,996 (5.2% CAP RATE)YEAR 4 NOI $33,816 (5.6% CAP RATE)YEAR 5 NOI $36,636 (6.15% CAP RATE)
Exterior Features

Alley YN 0 Building Type Low RiseOffice Built Info Existing Construction Siding Cultured StoneWood Frame Land Sq Ft 38171 Loading None Parking Desc BlacktopCommon LotHandicap Road Frontage 150 Road Surface Asphalt Roof Shingle

Interior Features

Ceiling Height 8 Heating Gas Forced AirNatural Gas Number Of Levels 1 Office Sq Ft 2818 Shop Or Warehouse Sq Ft 0

Property Features

Annual SID 0 Cooling Central Deposit 2113 Disclosure Not On File Finance Type 1031 ExchangeCashConventionalNew Loan Gross Annual Income 30996 Lease Type Triple Net Leased Equipment YN No Leased YN Yes Misc Equipment ElevatorRestrooms Net Income 30996 Possession At Closing Present Use OfficeProfessional Service Property Sub Type Office Rail YN No Sales Includes See Remarks Sewer Buyer To VerifyPublic Total Taxes 5439 Type Of Business Insurance Water Buyer To VerifyPublic Zone Planned Unit Development

Listing information © 2022 Billings Association of Realtors MLS
Listing courtesy of Rica Dombrovski of Montana Listings
© 2022 Billings Association of REALTORS® and Billings Multiple Listing Service. All rights reserved. Information deemed reliable, but not verified or guaranteed. Users are responsible for check the accuracy, completeness, currency, and status of all information. Data last updated 5/18/2022.
 
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The Ashley Delp Team | Dream Realty
2526 Grand Ave, Suite 3
Billings MT, 59102