For Sale

3450 Duck Creek Rd

14600

Property ID

21,720 sf

Size

$1,850,000.00

Description

  • Stagecoach Ranch RV & Mini Storage
  • For Sale $1,850,000
  • 3450 Duck Creek Rd, Billings, MT
  • 21,720 SF of Mini Storage & Warehouse
  • 7.441 Acres of Land (2.34 Acres of Excess Land for Expansion)
  • Zoning is Outside City Limits
  • 75 Mini Storage Units
  • 122 RV Spaces
  • 2 Septic Systems
  • Well Water
  • 100% Occupancy for Mini Storage Units
  • Mini Storage Built in 1994 & 1996
  • Warehouses Built in 1970 & 1980
  • Current NOI = $99,237
  • Current Cap Rate = 5.3% Cap Rate
  • Potential NOI @ Market Rates = $167,457
  • Potential Cap Rate @ Market Rates = 9% Cap Rate
  • Part of this property is in the 500 year floodplain & flood fringe

 

SELLER WILL BE REVIEWING ALL OFFERS AT 10AM ON OCTOBER 14TH

 

Note: Owner will require buyer to purchase the property on a contract for deed with $450,000 down, 5% interest rate fixed for 5 years, 30 year amortization and no prepay or refinancing for the first 10 years.

 

If you are looking for a storage facility with a lot of upside, Stagecoach Ranch RV & Mini Storage is for you. With 100% occupancy, rents below market rates and 2.34 excess acres of land for expansion, the opportunities are endless for expanding the facility and growing the bottom line. Owner currently manage the property and take care of snow removal & landscaping. This is a nice, clean and easy to maintain facility.

 

At the front of the property there is a space with all utilities and septic tank for a home. There was previously a double wide mobile home there at one time and could be a great place for a new storage office or home rental. There are also full hook ups for an RV. Currently the large shop/warehouse space is used for boat & RV storage, but could be converted to a commercial rental and enjoy 3x the rent.

Address

Address: 3450 Duck Creek Rd, Billings
  • Country: United States
  • Province / State: Montana
  • City / Town: Billings
  • Postal code / ZIP: 59101
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  • Property ID 14600
  • Price $1,850,000.00
  • Property Type Industrial, Investment-Property
  • Property status For Sale
  • Size 21,720 sf
  • Land area 7.441 ac
  • Zoned Outside City Limits

File Attachments

Brochure-3450-Duck-Creek-Rd-September-2022-1.pdf Download

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Contact

Nathan Matelich, CCIM

Property Agent
(406) 781-6889
nathan@cbcmontana.com
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