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 2 Coldwell Banker Commercial CBS H CBS 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 3 Coldwell Banker Commercial CBS CBS 1711 6th Ave N SITE PLANS Site Plan 4 Coldwell Banker Commercial CBS CBS 1711 6th Ave N FLOOR PLAN 5 Coldwell Banker Commercial CBS CBS 1711 6th Ave N DEMOGRAPHICS AND ECONOMY With 151,882 reported residents in 2012, Yellowstone County is Montana’s most populous county. 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. 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 6 Coldwell Banker Commercial CBS CBS 1711 6th Ave N 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. 7 Coldwell Banker Commercial CBS CBS 1711 6th Ave N 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 8 Coldwell Banker Commercial CBS