283 W Front St - Office FOR SALE
Missoula, MT 59802 |
283 W Front St
Missoula, MT 59802
HIGHLIGHTS
- The Property is 100% occupied and provides historically stable occupancy with over half of the building’s GLA occupied by D.A. Davidson and SG Long
- The Landlord just negotiated a three-year extension for Bohyer, Erickson, Beaudette & Tranel (BEBT), with two newly executed leases for the park level
- Annual scheduled rent increases take place on January 1st of every year, for all tenants. Rent increases are based on the annual rate of CPI increase
- Current ownership has invested over $2.5M into building improvements over the last seven years, including a new roof membrane in 2018 and HVAC units
- Downtown Missoula has an extremely low submarket vacancy of 4.20% for Class A vacancy space, per CoStar.
- The Property benefits from its location adjacent to the city-owned Caras parking lot where the Landlord has exclusive access to 55 stalls
FOR SALE DETAILS
PRICE
-
CAP RATE
-
% LEASED
-
TENANCY
-
BUILDING DETAILS
PROPERTY NAME
River Front Place
PROPERTY TYPE
Office
TOTAL BUILDING SIZE
25835
STORIES
4
BUILDING CLASS
A
YEAR BUILT
1994
SPRINKLERS
-
PARKING SPACES
73
LAND DETAILS
LAND ACRES
0.26 AC AC
LAND SF
11,453 SF
ZONING
-
APN/PARCEL ID
04-2200-22-2-01-07-0000
