Description
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1643 24th St W, Ste 4, 5 & 6, Billings, MT
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3,747 SF Office Condo Investment Property
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For Sale $358,100
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8% Cap Rate
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Net Operating Income = $28,647
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Tenant is a National Tenant: TRC (www.trccompanies.com/)
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6 Private Offices
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Conference Room
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Break Room
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Reception Area
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Open Cubicle Area/Work Space
TRC is leading global consulting, engineering & construction management firm with over 150 offices and 8,000 employees. Sale includes 3 office condos in the Forest Park Professional Center that have been combined into 1 single office for TRC. TRC has been a tenant in Forest Park Professional Center for close to a decade. In 2021, TRC grew from occupying 2 units to occupying 3 units at which time they signed a 5 year lease with a 3 year option to renew. TRC’s office space was remodeled in 2021 to suit their needs. With a national tenant, high cap rate and condo association that takes care of all common area maintenance (lawn, snow, building exterior & common area halls/bathrooms), this is a great, low maintenance investment property for new and seasoned investors alike.
Address
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Address 1643 24th St W, Billings
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Country United States
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Province/State Montana
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Postal code/ZIP 59102
Overview
- Property ID 29265
- Price $358,100.00
- Property Type Investment-Property, Office
- Property status For Sale
- Year Built 1984
- Size 3,747 sf
- Zoned NO-Neighborhood Office