970 S 29th St W - Office FOR SALE


Billings, MT 59102
$9,992,000 USD
406-702-4141
970 S 29th St W, Billings, MT for Sale
$9,992,000 USD
Office - FOR SALE
1/36
null | 7.25% Cap Rate

970 S 29th St W
Billings, MT 59102


HIGHLIGHTS

  • 2 tenants, NNN fully leased investment. Fee Simple Interest.
  • Global tenants - HDR Engineering (1/2028), Brinks (3/2028)
  • Healthy annual rent escalations. CAP Rate 7.25%
  • 2 buildings connected by a skybridge.
  • West End Billings Bike path sits behind the building.
  • Irrigation shares for the lawn.

OVERVIEW

This offering consists of 2 buildings connected by a sky bridge. The South Building, fronting on Millennium Dr. was built in 2007 and contains approximately 22,525 sf of rentable office space. Immediately to the North, across the sky bridge 970 S 29th St W was built in 2015 and contains approximately 20,673 sf of rentable office space. The total site size is approximately 3.9 acres. HDR Engineering “HDR” has been a tenant since construction in 2007 and occupies 78% of the rentable square footage. Payment Alliance International “PAI” (a subsidiary of publicly traded Brinks $BCO) occupies the balance of the space, 22% of the rentable square footage. 4.6± additional acres available for sale North of Subject Property for extra space or further development. Ask agent for details.

FOR SALE DETAILS

PRICE

$9,992,000 USD

PRICE/SF

$666 USD /SF

CAP RATE

7.25%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

2008

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

3.96 AC

LAND SF

172,498 SF

ZONING

-

APN/PARCEL ID

03-0926-13-2-20-10-0000

ASK ABOUT THIS PROPERTY

Pat SchindelePat SchindeleMore Info
406-702-4141

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Pat SchindelePat SchindeleMore Info
406-702-4141

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