1711 6th Ave N – FOR LEASE OR SALE

Transcription

1711 6th Ave N – FOR LEASE OR SALE
CBS
1711 6th Ave N – FOR LEASE OR SALE
Coldwell Banker Commercial
CCBS
CBS
1711
6th
Ave N
TABLE OF CONTENTS
Executive Summary
3
Property Photos
4
Demographics
5
Confidentiality Statement
6
BILLINGS ACCOLADES:

Billings ranked #6 in Kiplinger’s 10 Great Places to Live in 2013

Billings ranked 13th as one of the top 25 cleanest metro areas for year-round particle pollution in the
U.S., American Lung Association, State of the Air, 2011

Forbes List #40 Best Small Places for Business and Career

Forbes List #53 in Job Growth

Forbes List #51 in Education

Montana ranked 7th in the tax foundation’s state tax climate, 2014
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1711
6th
Ave N
EXECUTIVE SUMMARY
THE PROPERTY
1711 6th Ave N
Billings, MT 59102
SALE PRICE
PROPERTY HIGHLIGHTS
Sale Price:
$1,400,000
PSF Price:
$96.92
Lot Size:
42,000 Sq Ft
LEASE RATE
Rentable SF:
14,444
PSF Price:
*$7.00 NNN
Lot Size:
42,000 Sq Ft
*Subject to level of Tenant
Improvements Required.
PROPERTY SPECIFICATIONS
Property Type:
Retail/Shop
Zoning:
East Billings Railspur Village

Two Bays with 14’ Drive Through Overhead
Doors

3 Phase Available To Site

New ADA restrooms, upgraded Lighting,
Electrical and Insulation to be completed as
well as new overhead doors.

Access from 3 City Streets

Easy Access to West End & Heights

Traffic Count Approximately 13,000

Large Bill Board with Lighting May be Leased
Separately.
AREA HIGHLIGHTS
The property is located on 6th Ave N with ingress
and egress from 6th and 7th Ave N and N 17th
Street Convenient Access to Billings West End &
Heights
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1711
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Ave N
SITE PLANS
Site Plan
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1711
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FLOOR PLAN
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1711
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Ave N
DEMOGRAPHICS AND ECONOMY

With 151,882 reported residents in 2012, Yellowstone County is Montana’s most populous county.
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The county seat, Billings, is the largest city in the state with 106,954 reported residents in 2012.

Along with Billings, Yellowstone County is made up of other towns and cities including Acton, Ballantine,
Broadview, Custer, Huntley, Laurel, Pompey’s Pillar, Shepherd and Worden.

Billings, the largest city within a 500-mile radius, serves as a regional hub for professional services,
distribution, retail, healthcare, oil and gas, livestock, banking, entertainment and transportation.
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Billings is also home to four colleges: Rocky Mountain College, MSU-Billings, City College and Yellowstone
Baptist College.

Billings has two major hospitals, three oil refineries, and an international airport.
Source U.S. Census Bureau, Population Estimates Program
ANNUAL AVERAGE LABOR FORCE – YELLOWSTONE COUNTY
GEOGRAPHY
CENSUS
2000
CENUS
2010
2013
2018
PERCENTAGE CHANGE 2013-2018
UNITED STATES
281,421,942
308,745,538
314,861.807
325,322,277
3.3%
MONTANA
902,191
989,415
1,008,274
1,040,402
3.2%
YELLOWSTONE COUNTY
129,354
147,972
152,512
159,639
4.7%
BILLINGS
89,487
104,170
106,954
LAUREL
6,255
6,718
6,931
BALANCE YELLOWSTONE
COUNTY
33,250
36,892
37,799
YEAR
CIVILIAN LABOR FORCE
EMPLOYED
UNEMPLOYED
UNEMPLOYED %
2013
81,995
78,126
3,869
4.7%
2012
83,480
79,834
3,646
4.4%
2011
81,525
77,507
4,017
4.9%
2010
81,110
76,641
4,469
2009
81,281
77,573
3,708
2008
82,508
79,740
2,768
Source U.S. Census Bureau, Population Estimates Program
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Coldwell Banker Commercial CBS
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1711
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CONFIDENTIALITY STATEMENT
This offering has been prepared solely for informational purposes. It is designed to assist a
potential investor in determining whether it wishes to proceed with an in-depth investigation of the
subject property. While the information contained herein is from sources deemed reliable, it has not
been independently verified by the Coldwell Banker Commercial affiliate or by the Seller.
The projections and pro forma budget contained herein represent best estimates on assumptions
considered reasonable under the circumstances. No representations or warranties, expressed or
implied, are made that actual results will conform to such projections.
This document is provided subject to errors, omissions and changes in the information and is
subject to modification or withdrawal. The contents herein are confidential and are not to be
reproduced without the express written consent.
Interested buyers should be aware that the Seller is selling the Property “AS IS” CONDITION WITH
ALL FAULTS, WITHOUT REPRESENTATIONS OR WARRANTIES OF ANY KIND OR NATURE.
Prior to and/or after contracting to purchase, as appropriate, buyer will be given a reasonable
opportunity to inspect and investigate the Property and all improvements thereon, either
independently or through agents of the buyer’s choosing.
The Seller reserves the right to withdraw the Property being marketed at any time without notice, to
reject all offers, and to accept any offer without regard to the relative price and terms of any other
offer. Any offer to buy must be: (i) presented in the form of a non-binding letter of intent; (ii)
incorporated in a formal written contract of purchase and sale to be prepared by the Seller and
executed by both parties; and (iii) approved by Seller and such other parties who may have an
interest in the Property. Neither the prospective buyer nor Seller shall be bound until execution of
the contract of purchase and sale, which contract shall supersede prior discussions and writings
and shall constitute the sole agreement of the parties.
Prospective buyers shall be responsible for their costs and expenses of investigating the Property
and all other expenses, professional or otherwise, incurred by them.
The description information set forth in this brochure is from sources deemed reliable, but no warranty as to the accuracy therein. Any prospective purchaser or lessee or other persons interested in this offering is required to make his
own investigations and is not to rely on information set forth herein since the same may be subject to errors or omissions. The offering is subject to change without notice of price, terms, other conditions or pending sale or lease.
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Coldwell Banker Commercial CBS
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1711
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BACKGROUND
George Warmer has been successful in commercial real estate for
10+ years and is the Managing Partner of Coldwell Banker
Commercial CBS. Several successful projects include Fed Ex,
O’Reilly Auto Parts, Christian Brothers Automotive, Tacoma Screw,
Fastenal, Rent A Center, Ace Hardware, Habitat Restore,
Popeyes, Steak & Shake, Comfort Inn & Ledgestone Hotels.
PRIMARY SPECIALTY
GEORGE WARMER
Land Development, Retail, Industrial and Office
Coldwell Banker Commercial
AWARDS
1215 24th Street West
Billings, MT 59102
Direct 406-855-8946
Coldwell Banker Commercial Top Montana Broker, 2013, 2014
Coldwell Banker Commercial Silver Circle of Distinction
DESIGNATIONS
Steve Kenney has been part of the Coldwell Banker
Commercial system for 15 years and is currently a Senior Broker
(Former Owner/Former Managing Partner) at Coldwell Banker
Commercial-CBS in Billings, Montana. 25 years prior to
joining CBC, Steve was a Managing Partner in three separate
Montana Corporations involved in Telecommunications & Data
Services, Commercial Construction, and Office Products.
PRIMARY SPECIALTY
STEVEN KENNEY
Coldwell Banker Commercial
1215 24th Street West
Billings, MT 59102
Direct 406-591-2890
Retail, and Office
DESIGNATIONS
 Circle of Distinction, 2004
 Circle of Distinction, 2006
 Top Montana Office-Managing Partner, 2004
 Top Montana Office-Managing Partner, 2005
 Top Montana Office-Managing Partner, 2006
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Coldwell Banker Commercial CBS