923 2nd Ave - Truck Terminal FOR SALE


Billings, MT 59101- Downtown Billings
$3,675,000 USD
406-360-3102
923 2nd Ave, Billings, MT for Sale
$3,675,000 USD
Truck Terminal - FOR SALE
1/8
null | 6.7% Cap Rate

923 2nd Ave
Billings, MT 59101
Downtown Billings


HIGHLIGHTS

  • Triple net leases with annual escalations in place
  • Attractive in-fill location with close proximity to I-90 and Main Street
  • Professionally managed and well-maintained including several recent capital improvements
  • Dedicated parking, storage, and multiple ingress/egress points
  • One Hundred percent (100%) occupied with credit tenancy

OVERVIEW

SterlingCRE Advisors is pleased to present 923 2nd Avenue North — a fully leased, multi-tenant industrial asset positioned in the thriving North Park Commercial District of Billings, Montana. This ±33,543 square foot property represents a prime investment opportunity, anchored by established long-term tenants and surrounded by a robust commercial corridor with immediate access to I-90 and Billings’ primary arterials. Strategically located with excellent visibility and access, the property is zoned Light Industrial (IL) and features three grade-level doors, one dock-high loading door, and a flat topography that allows for ample parking and multiple points of ingress and egress. The south-facing corner unit offers an exceptional retail or office showroom presence, maximizing street exposure and natural light. Fully occupied and well-maintained, 923 2nd Avenue North offers investors the chance to acquire a stabilized, income-producing asset in one of Montana’s most active and resilient industrial markets.

FOR SALE DETAILS

PRICE

$3,675,000 USD

PRICE/SF

$109 USD /SF

CAP RATE

6.7%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Billings Industrial Investment Opportunity

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Truck Terminal

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1957

UTILITIES

Lighting, Gas, Water, Sewer, Heating

CLEAR CEILING HT

-

DOCKS

-

DRIVE INS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.02

LAND SF

44,344

ZONING

IL

APN/PARCEL ID

03-1033-34-2-11-01-0000

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.