3102 W Broadway St - Warehouse FOR SALE


Missoula, MT 59808
$2,050,000 USD
406-360-3102
3102 W Broadway St, Missoula, MT for Sale
$2,050,000 USD
Warehouse - FOR SALE
1/7
null | 7.37% Cap Rate

3102 W Broadway St
Missoula, MT 59808


HIGHLIGHTS

  • Flexible Ingress/Egress Allows for a Variety of Commercial Uses and Provides for Multi-Tenant Setup
  • Significant Tenant-Paid Investment(s) Including Exceptional Facade Upgrades
  • Suitable For Retail, Office, or Industrial Uses
  • Located Directly in Missoula’s Path of Growth
  • Close Proximity to Reserve Street, Downtown and I-90
  • Private offices, Reception, Conference Room, Restrooms in Both Office and Warehouse, Approx. 2,900 SF mezzanine

OVERVIEW

SterlingCRE Advisors is pleased to present 3102 West Broadway, a rare opportunity to acquire a fully leased single-tenant investment opportunity located directly within Missoula’s path of growth. This well-maintained and versatile property is occupied by Silixa, a company specializing in fiber optic sensing solutions, which was acquired by parent company Luna Innovations in December 2023. Silixa has invested heavily in the property. The tenant used their first extension early, and the lease term is extended through May 2028. This high visibility commercial property sits on a ±0.49 acre parcel and is less than ±2 miles from the North Reserve and I-90 Interchange. The property benefits from the high visibility of ±22,419 (2023 AADT) daily drivers along West Broadway with convenient access to all major thoroughfares in the Missoula Valley. The subject property has historically been a multi-tenant asset, with the current tenant steadily absorbing all available space as leases termed. The building is equipped with ±4,500 SF of office space, ±6,900 SF of warehouse space, and four (4) grade-level loading doors. The favorable zoning and layout of 3102 W. Broadway are attractive for users seeking retail, office, and/or warehouse space.

FOR SALE DETAILS

PRICE

$2,050,000 USD

PRICE/SF

$181 USD /SF

CAP RATE

7.37%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Investment Property in Missoula

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1977

UTILITIES

Lighting, Gas, Water - City, Sewer - City, Heating

CLEAR CEILING HT

20 Ft

DOCKS

-

DRIVE INS

4

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.49

LAND SF

21,344

ZONING

M1-2

APN/PARCEL ID

04-2200-08-3-02-09-0000

ASK ABOUT THIS PROPERTY

Claire Matten, CCIM/SIORSterling Commercial Real Estate AdvisorsMore Info
406-360-3102

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Claire Matten, CCIM/SIORSterling Commercial Real Estate AdvisorsMore Info
406-360-3102

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.