NAI Business Properties

Transcription

1ST QUARTER 2014
www.naibusinessproperties.com
QUARTERLY
PRSRT STD
US POSTAGE PAID
BILLINGS MT
PERMIT NO. 1
Business Properties
commercial Real Estate sales and leasing
Al Koelzer
406-591-4815
Ron Elkin
406-670-8935
Michael Walker
406-690-2320
Ken Kunkel
406-591-1234
Brian McDonald
406-860-1567
Drew Smith
406-672-2698
Matt Robertson
406-671-1158
Tyler Samson
406-671-8257
Local experts|global resources
• Statewide Source of Commercial Real Estate Services
• Eight Experienced Full-Time Professionals
• Large Inventory of Lease and Sale Properties Available
4TH quarter sales
205 Orchard, COS 3480, L1.......112,167 SF
401 N 23rd Street...........................16,680 SF
6809 King Ave W, Unit E................9,000 SF
COS 3480, L1 (205 Orchard)....112,167 SF
1 South Broadway.........................15,360 SF
2146 Old Hardin Road....................7,842 SF
PAGE 1
PAGES 2, 3, 4
PAGE 5
PAGES 6, 7
PAGES 8, 9, 10
INDUSTRIAL - OFFICE - RETAIL - MULTIFAMILY - LAND
Sales
Mergers and Acquisitions
Purchases
Commercial Property Management
Landlord Representation
Property Evaluation/Analysis
Tenant Representation
Investment Portfolio Analysis
•
•
•
•
•
•
•
•
4TH quarter leases
1404 6th Avenue N..................576 SF
421 N 24th Street.................8,400 SF
6871 King Ave W, Unit F.....3,600 SF
RF Dev, B2, L2...................205,692 SF
1404 6th Ave N.........................576 SF
206 Reynolds Road...................2,250 SF
3012 4th Ave N Unit C.............1,218 SF
547 S 20th St W, Unit 5............1,560 SF
937-939 Grand Ave..................2,740 SF
1645 Parkhill Dr, Ste 7.............1,657 SF
2817 2nd Ave N, Ste 205...........550 SF
754 River Rock Dr, Helena...20,077 SF
1310 Main St, Ste E...................1,000 SF
1595 Grand Ave, Ste 205........1,737 SF
3012 4th Ave N, Unit C............1,218 SF
1300A Lockwood Road.............5,280 SF
547 S 20th St W, Unit 3..............1,560 SF
510-512 N 29th St, Ste 106..........340 SF
1601 Lewis Ave, Ste 101...........2,415 SF
2049 Broadwater Ave................2,669 SF
2817 2nd Ave N, Ste 207..............550 SF
926 Main St, Ste 24....................1,615 SF
1500 N 19th, Ste G, Bzmn.........1,109 SF
1603 Grand Ave, Ste 105..........7,700 SF
3100 Harrison Ave #A-4............1,200 SF
Table of contents
Quarter 4 Sales and Leases
Office Properties For Sale and For Lease
Investment Properties
Retail Properties For Sale and For Lease
Industrial Properties For Sale and For Lease
PAGES 11
PAGES 12, 13
PAGE 14
PAGE 15
PAGE 16
Press Page
Land For Sale
Featured Properties
Featured Properties
General information. Questions and Answers.
Business Properties
office. 406-256-5000 | fax. 406-256-9494
3312 4th Avenue North | Billings, Montana 59101
office
trends and forecasts
vacancy
lease rates
absorption
sales
2013 was a strong year in the office sector in Billings. Total leased square footage increased 24% over 2012. The larger tenants placed are financial,
energy, and government entities which is not surprising in the Billings market. Even with the leasing strength there remains quite a bit of inventory
in the 1,000-4,000 square foot size range, and new vacancies downtown continue to come online following the relocation of several government
offices. Office building sales were down from previous years but not for lack of demand, just a lack of available inventory. The largest deals of 2013
were the City of Billings moving to the Miller Building, Power Engineers at 1601 Lewis Avenue, and Conoco Phillips in a new building built for them
on the West End. 2014 is expected to be strong but the rough winter in Billings has slowed activity thus far.
Office Building Investment
For Sale - 1601 Lewis Avenue
Office Suites, For Lease
222 N. 32nd Street, Granite Tower
Class A Office Space
2303 Montana Avenue
- 34,270 SF rentable Class A space
- Great midtown location. Elevator.
- Onsite parking. Monument sign.
- Longterm leases. Price $3,750,000.
- Main level. Parking. Downtown.
- Ste 101 - 1,905 SF
- Ste 102 - 1,072 SF
- $15.75/psf includes elec, gas, water.
- 2,500SF in Historical Depot District.
- 2nd Level space. Can be demised.
- Ciao Mambo, Jana Graham Photog
- Buildout allowance. $12PSF, NNN.
Drew Smith
Tyler Samson
Drew Smith / Mike Walker
For Sale, Office Condo Space
513 Hilltop Road, Suite 3
For Lease - Office Space
208 North Broadway, 2nd Floor
- Historic Hart Albin Building.
- Up to 11,800SF. Adjacent parking.
- Skybridge connection.
- Rent - $12-$13.50PSF.
- 1,274 SF off Hilltop near Main St.
- Private office. Kitchenette.
- ADA restroom. Off-street parking.
- Price $165,000.
For Lease - Office Space
2906 - 2nd Avenue North
- Third Floor office space available.
- Downtown Billings. 7,000SF. Close
to courthouses, banking, parking.
- Rent: $5.00 PSF plus utilities.
Billings Heights Tanning Salon
926 Main Street, Suite 24
D
E
S
LEA
- For Lease at $1,690/mo. plus util.
1,615 SF : private tanning rooms,
restroom, spray/standup tanning
rooms, pedicure stands, retial spc.
Matt Robertson
Office Space For Lease
550 South 24th Street West
- Apx. 5,500 SF of open office space.
- On-site parking. Private offices.
- 2nd floor space. Furniture is avail.
- Leasing at $16.000 PSF, full service.
Drew Smith
Matt Robertson
Mike Walker
Matt Robertson
Medical Office Space For Lease
1645 Parkhill Drive
Office Space Downtown For Sale
115 North Broadway. Avail. 2,200SF.
Office Space For Sale or Lease
2702 Montana Avenue
Office Space For lease
2800 Central Avenue, Unit A
- Class A Suites 1 & 2; Apx. 1,853 SF
- Multiple offices, reception, waiting.
- Ample off-street parking
- Rent: $2,085/mo. plus CAM & Util.
- Total 4th Flr 6,000sf. Remodel 08-09
- Perfect for software, graphics, law
firm, oil and gas, advertising, etc.
- Basement storage. Price $585,000.
- Downtown . Elevator. On-site Gym.
- Parking garage. Sizes 1,225-1,670sf.
- Rents from $1480-$2018/month.
- Prices from $177,625 to $242,115.
Matt Robertson
Al Koelzer / Matt Robertson
Tyler Samson / Matt Robertson
Brian McDonald
Office Building For Sale
6602 North Frontage Road
Office Building For Sale or Lease
5214 Laurel Road
West End Class A Office Space
2820 Central Avenue, Suite D
Prime Office Space For Lease
2817 2nd Avenue N., Downtown
- Building - 2,985 SF. Lot - 9,017 SF.
- Offices, Kitchen, Conference Room.
- For Lease - $1,350/mo. plus utilities.
- For Sale - $195,000.
- Building: 5,292 SF. Lot: 14,820 SF.
- Complete remodel. Private offices.
- Kitchenette. Paved parking.
- Lease: $9.00 PSF. Price: $510,000.
- 4,292SF, excellent condition
- 8 private offices, large conf. room
- Reception, kitchen, ADA restrooms
- $15PSF, NNN ($3.15PSF)
- Landlord pays util. Conf. room and
off-street parking avail. Elevator.
- Suite 204 / 550SF / $550-month
($1.00/SF additional janitorial serv.)
Matt Robertson
Brian McDonald
Drew Smith
Tyler Samson/Mike Walker
D
E
S
A
E
L
G
N
I
D
PEN
Business Properties
office. 406-256-5000 | fax. 406-256-9494
- West end near Target, TJ Maxx
restaurants, title company, banks
and Rimrock Mall.
- 2,911 SF. $3,625/mo., NNN + CAM.
page | 2
1ST
QUARTER
2014
1stQUARTER
quarter
2012
1ST
2014
clients represented
Office Spaces For Lease
2929 3rd Ave. N. Up to 19,500SF
Office/ Retail Build-To-Suit
1501 Zimmerman Trail
- Second and Third Floors. Perfect for
attorney, insurance, stock broker.
- Storage. Large lunch/mtg rooms.
- Rent - $14/psf/yr. Full Service.
- Lease: $14-$16PSF + CAM and util.
- 1,550, 3,100, 4,500 SF suites poss.
- Next to Billings OB/GYN, Childrens
Clinic, and new ACE hardware.
Matt Robertson
Drew Smith
Matt Robertson / Brian McDonald
Drew Smith
1601 Lewis Avenue
3225 1st Avenue North
Office Space in Wells Fargo Tower
175 N 27th Street, 11th Floor
Class A Office Space For Lease
315 North 25th Street
- Building 2,500SF. Lot 7,000SF.
- Complete remodel! Private offices.
- Conf. Reception. Kitchen. Parking.
- Price: $335,000.
- 24 hr secure access. Parking garage
adjacent. Onsite maintenance and
mgmt. 9,400 SF (can be divided).
- $17.00/psf full service.
- Up to 18,000SF. Ample parking.
- Downtown, corner location.
- Multiple configurations available.
- Rent: $23.00/SF. Full service.
Drew Smith
Ken Kunkel
Mike Walker
Mike Walker
2924 Millennium Drive, Class A
Office/Retail For Lease
1310 Main Street (Two Spaces Left)
3318 3rd Avenue North
1645 Avenue D, Various Suites
Office/Retail Space For Lease
2718 Montana Avenue
- Office Space: 460 to 8,500 Sq Ft
- Retail Space: 1,200 to 6,000 Sq Ft
- Fitness Center, Conference Center
- Lease: $15.90/psf; Full Service
- Class A space. Midtown location.
- Full service. On-site parking.
- First floor from 631sf to 8,586sf.
- Base rent $9.50psf plus Op Exp.
D
L
SO
- Building: 5,384 SF. Land: 1.63 Acres.
- Offices, restrms, kitchen, reception,
lobby with fireplace, great parking.
- Leasing 2,232sf, 3,152sf or 5,384sf.
- Lease: $15PSF. Price: $1,275,000.
Drew Smith
D
E
S
A
E
L
- (1) 1,085 SF @ $1,250/mo.
- (2) 1,000 SF @ $1,100/mo.
- Great location. High traffic count.
- Excellent visibility. Rent + utilities.
Mike Walker
2125 8th Avenue North
- Multiple office & conf. config.
- 2006 Remodel. On-site parking.
- Asking $245,000
- Downtown location.
- Suite 207 - 1,119 SF - $980/month.
- Suite 203 - 353 SF - $325/month.
- Util. included. Off street parking.
- Spaces from 400sf to 933sf.
- Rent from $400/mo. to $933/mo.
- Full Service. Nearly new remodel.
- Near shops, banking, restaurants.
additional lease properties
109-115 N. 30th Street...........300-10,000 sq ft $4.50/psf......................................... Matt Robertson
2718 Montana (Restaurant)............4,000 sq ft.$15.90/psf...................................... Matt Robertson
7232 Grand Avenue.........................20,000 sq ft $10,750/month............................Brian McDonald
1667 Main Street.................................2,485 sq ft $695,000..................................................Drew Smith
additional Sale properties
109-115 North 30th St....................19,800 sq ft $550,000......................................... Brian McDonald
107 N. Main, Bridger........... ..............2,100 sq ft.$157,500......................................... Matt Robertson
2596 Enterprise................... ...............9,954 sq ft.$720,000......................................... Brian McDonald
141 Florine........................... ..............16,000 sq ft $400,000.........................................Brian McDonald
7th Ave. N. & 26th St. N.. ..................7,000 sq ft $49,000....................................................Drew Smith
808 Grand Avenue...........................14,890 sq ft $795,000..........................................Matt Robertson
113, 115, 117 N 35th Street.......................................$1,650,000......................................Brian McDonald
page | 3
office
CONTINUED...
5,232 SF Office Building For Sale
2139 Broadwater Avenue
- Lot: 9,188 SF. Off-street parking.
- Great exposure, improvements.
- Tenants in bldg. Price $319,000.
Drew Smith / Mike Walker
27 N. 27th Street, Crowne Plaza
Office Building For Lease
510-512 N. 29th Street
D
E
S
LEA
Office For Lease
2,000 SF Office Space For Lease
D
E
S
LEA
- Recently a Law Firm.
- Multiple offices. Reception.
- Kitchenette. Rent $11.50/psf.
Matt Robertson
1220 Avenue C - $675,000
D
E
S
A
E
L
- Space available on several levels.
- Class A space. Excellent views.
- Onsite restaurant. Parking garage.
- Lease Rate $16.00/psf, full service.
- Excellent Downtown Location
- Offices, Reception, Conference Rm.
- 2,031 Square Feet available
- Lease Rate: $11.50psf, Full Service
Matt Robertson/Brian McDonald
Drew Smith
107 Grand Avenue - $459,000
Historic Office Building For Sale
One South Broadway - 15,360 SF
7,500SF Office Building For Sale
2624 Minnesota Avenue
Office/Warehouse For Lease
325 16th Street West
D
L
O
S
- Building: 6,026SF. Lot: 7,000SF.
- GREAT OPPORTUNITY!
- Each floor: 3,000 Square Feet
- $3,000/mo. (BOTH FLOORS), NNN.
D
L
O
S
- Main floor office space.
- Second floor & lower level Apts.
- Secure, On-Site Parking
- Price $799,000
Ken Kunkel
- 1,900SF; Three offices. Reception.
- On-site parking. Private entrance.
- Signage avail. High traffic count.
- $1,450/mo. + utilities. Near Metra.
- Data/Network. ADA compliant.
- Beautifully restored. Downtown.
- Retail/Office space. Subway lease.
- Price Reduced. NOW $580,000.
- Building 7,903SF. Lot 24,569SF.
- Owner occupancy availability.
- Multi-tenant building. Parking.
- Zoning Community Commercial.
- Office 1,808sf. Warehouse 1,000sf.
- Building total 2,808sf. Kitchenette,
private offices, on-site parking.
- Downtown. $2,200 per month.
Ken Kunkel
Matt Robertson
Drew Smith
Mid-Town Office Space For Lease
1201 Grand Avenue
Office/Retail/Warehouse For Lease
109-115 N. 30th Street
- State of the art security system
- On-site parking and public garage
- ONLY 5,300 SF remaining!
- Rent $11.50 PSF, Full Service
- Ste 222, 325 SF, $250/mo. Util. incl.
- Ste 224, 400 SF, $300/mo. Util. incl.
- Unit 109, 3,800 SF, $5.00/PSF. This
unit is a former bowling alley.
Drew Smith
D
E
S
LEA
Downtown Office Space
2825 3rd Avenue North
Mike Walker / Drew Smith
Drew Smith
Office Building For Lease
2139 Broadwater Avenue
Attractive Office Space For Lease
1536 Mullowney, Suite 202
207 North Broadway
- 2,908 SF. Attractive office spaces.
- Newer building. Great access to
downtown, west Billings, I-90.
- Lease rate $12.00/mo. plus utilities.
- Valley Credit Union Bldg., 4th Floor.
- 3,700SF. Rent: $11/SF, Full Service.
- Parking via Skybridge. Elevator to
all levels. High speed wireless.
Drew Smith
Drew Smith
Office Suite For Lease
3333 2nd Avenue N., Century Plaza
- Attractive suite with large windows
- Near downtown. Onsite parking
- Will repaint, carpet. onsite mgmt
- Contact agent for space size & rent
- 1,700sf. Rent $975/mo. + Electric.
- Downtown, restored building.
- Data/Network capability. Storage.
- Private offices & bath. Kitchenette.
- Monument sign. Elevator.
- Suite 5: LEASED
- Suite 7: LEASED
- Suite 9: 795sf, $630/mo. + util.
- Space: 450sf, Lease rate: $450/mo.
- Office, reception, restroom.
- Off street parking. Affordable.
- Great exposure. Improvements.
Matt Robertson
Business Properties
office. 406-256-5000 | fax. 406-256-9494
D
E
S
LEA
page | 4
1ST QUARTER 2014
investment
activity
absorption
sales
Interest in Billings area investment properties continued to gain popularity at the end of 2013. Solid growth for the county continued and lower
unemployment rates for the area were strong signals for stability. Slight increases in interest rates have not hurt investment sales within the area.
Quality investments are still hard to find. Build to suit activity was a highlight for the investment sector. The market rarely sees credit investment
product being offered meaning that the market is still a place where investors like to hold their top properties. Nationally cap rates for retail and
office properties continued to drop. Net leased properties continue to be the product of choice for investors locally and nationally.
FOR SALE - Restaurant/Bar
8369 US Hwy 3, Acton MT
FOR SALE - Two-levelOffice Bldg.
2016 Grand Avenue Investment
- Bldg - apx. 2,400sf; Recent remodel.
- Apx. 2.5 Ac. Add’l lot rent income.
- Built 1988; Billboard avail. for lease.
- Asking Price: $295,000.
- Building: 14,200 SF. Lot: 1.09 Acres.
- Midtown location. 66 parking spcs.
- ADA compliant. Recent upgrades.
- Fully leased. Price $1,750,000.
- Office / Workroom / Storage
- 2,250 SF. Offices, conference room,
reception, lrg. workroom/storage.
- Fully leased. Price $398,000.
Tyler Samson
T
ER
C
D
A
UN
TR
N
CO
For Sale - Investment Property
1010 S. 24th Street West
Drew Smith
Brian McDonald
Tyler Samson/Matt Robertson
Historic Town of Garryowen, MT
I-90/Exit 514
Office/Retail Building For Sale
107 North Main Street, Bridger, MT
Investment Property For Sale
117 E. Reserve Drive, Kalispell
Investment -3018 1st Avenue North
Former Expert Tire
- 6,000SF of showroom & warehouse
- New plumbing, electrical, showroom/ofc. sheetrock, exterior paint
- Price - $600,000 with 9% CAP rate
- 16,000 SF (showroom & basement)
- 10 Apartments. Long term tenants
- Downtown corner lot of 14,000 SF.
- 2013 Taxes $8,636. Price $510,000.
- Buildings: 18,300SF. Land: 7.66Ac.
- Custer Museum, Post Office,
Gas Station, 3,900 SF penthouse.
- Price $3,900,000.
- 2,100 Square Feet : $157,500.
- Has 6 offices, combination of one
and two room suites. Clear span
frame allows for large retail store.
For Sale - Restaurant/Casino
220 South 1st Avenue, Laurel
- Built 1974. Remodel in 1989.
- Large comm’l kitchen. Full bar.
- RE $825,000; Liquor Lic. $400,000.
Matt Robertson
Matt Robertson
Brian McDonald
Ron Elkin
Retail/Income Property
18 1st Avenue, Laurel, MT
Investment/Income For Sale
109-115 North 30th Street
For Sale, Investment Property
702 Central Avenue Fully Leased
Cowboy Bar and Supper Club
1 E. Main, Fishtail, Montana
- 6,992SF of Retail/Office & Apts.
- High efficiency furnace, central air,
security system, restrooms.
- PRICE REDUCED to $249,000.
- Office Space - 300SF up. Full Serve.
- Retail/Warehouse - 12,000sf avail.
- Three yr. minimum lease.
- Price $550,000. Very clean. Shell.
Matt Robertson
Brian McDonald
Mike Walker
Office Building Investment
1601 Lewis Avenue For Sale
For Sale - Restaurant & Mini-Golf
1503 13th Street West, Billings
Lone Tree Apartments For Sale
312 - 14th Street SE, Sidney, MT
Investment Property For Sale
131-139 Moore Lane
- 34,270SF of Class A Space. Elevator.
- 88 parking spaces. 77% occupied.
- Signage. Professionally managed.
- Central Billings. Asking $3,750,000.
- Landscaped. Parking is apx. 41 spcs
- Fenced area
- Price: $420,000.
- Eight efficiency units - ADA-360sf,
standard-324sf. Total - 2,664sf.
- Land: 20,566SF. Managed complex.
- $1,240,000. Rent roll, financials avl.
Drew Smith
Ken Kunkel
Brian McDonald
T
ER
C
D
RA
UN
T
N
O
C
office. 406-256-5000 | fax. 406-256-9494
- Building 3,832 SF. Lot 9,752 SF.
- Kitchenette. Meeting room.
- Offices. Parking. Controlled Ind’l.
- Price $252,500 ($65.89 PSF).
- Bar/Restaurant located in the heart
of the Beartooth Mountains.
- Full liquor license. Price - $345,000.
- Building - 3,800SF. Land - 20,037SF.
- Multi-tenant mix. Diverse Income.
- Buildings: 57,774SF (Built ‘60-’74)
- Land: 1.78 Ac. Roof/paint recent.
- Price: $1,950,000.
Al Koelzer / Drew Smith
page |5
retail
vacancy
lease rates
absorption
sales
2013 finished off with several retailers making moves not only in Billings but all around Montana. With the acquisition of Rimrock Mall, Starwood
Retail has plans to enhance the mall and bring in new retailers. Watch for Herberger’s to move into the Scheel’s space. The Herberger’s space will
most likely be modified to accommodate smaller retailers and increase the store count for the mall. The main entrance to the mall will also most
likely get a makeover. West Park readies for the opening of Lucky’s Farmers Market in March. The group has already opened in Columbia, MO and all
reports are that the store has been received very well in that market. The Billings Lucky’s will be 25,000 SF. Steak ‘n Shake opening up in the Sapphire,
First Interstate Bank is under construction and look for a large group of shops to open up next to Scheel’s later with several local retailers. Downtown
Billings has remained steady and the Billings Heights area has had some activity but no anchor style restaurants or retailers have been announced.
Retail Building For Sale
1102 North Broadway, Red Lodge
For Lease Retail/Restaurant Space
1431 Country Manor Boulevard
Retail Space - Four Seasons
1327 Main Street, Unit #1A
- Built 1991. Recent remodel.
- Excellent location. great frontage.
- OH doors. Paved. Price: $399,000.
- Approx. 1,800 SF. $18.00/ PSF.
- Built 2006. Patio/Open porch.
- Drive through. Centrally located off
Grand Avenue and Shiloh Road
- Retail space: 900 Sq. Ft.
- High exposure/traffic count 36,880.
- MRM, Granite Fitness, Dollar Tree.
- Rent: $650/month plus utilities.
Office/Retail/Photography Studio
FOR SALE - 2200 South Shiloh Road
- Price: $269,900. R.E. Taxes: $2,862.
- Ample parking. Good signage.
- Building: 2,676 SF. Land: .54 Acre.
- Zoned Residential Professional.
Matt Robertson
Tyler Samson/Matt Robertson
Matt Robertson
Mike Walker
Wal-Mart Pad Building (2,485sf)
1667 Main Street (Land - 1 Acre)
For Lease, Billings Heights Retail
Retail Space For Lease
2545 Central Avenue, Rimrock Plaza
For Lease - Former Burger King
417 1st Avenue South, Laurel
- Space Available: 1,000 to 10,000 SF.
- Anchors: Target, TJ Maxx
- Perfect west end location. Banking,
restaurants and more nearby.
- Retail Space - 2,934SF. Lot - .82Ac.
- 90’ Pole Sign. Near I-90 Off-Ramp.
- Excellent I-90 location in Laurel, MT.
- Rent - $7,700/month plus NNN’s.
T
ER
C
D
RA
UN
T
N
O
C
- 48 parking spaces. Drive Thru lane.
- Excellent exposure at Wicks Lane
and Main Street. Apx. ADT 40,000.
- Asking $695,000 from $895,000.
- Open retail space approx. 865 SF.
- Private office, private restroom.
- Excellent Main Street exposure.
- Rent: $925/month plus utilities.
Drew Smith
Matt Robertson
Drew Smith
Mike Walker
Retail / Office Space FOR LEASE
1310 Main Street, Billings Heights
2800 North Reserve, Missoula, MT
2824 - 2nd Avenue North
1807 Grand Avenue
- Available: 1,000 SF for $1,000/mo.
- Available: 1,000 SF for $1,000/mo.
- Excellent visibility. Rent plus util.
- High traffic counts.
- Office, retail or restaurant - 7,000sf.
- Highly visible. Major tenants Old
Navy, Michael’s, PetsMart, Pier I.
- Rent and Terms are negotiable.
D
E
S
LEA
D
E
S
LEA
- Building: 5,500 SF. Rent: $6.00 PSF.
- Grand Ave. frontage. Large open
space. Off-street parking. Tenant
pays liability ins., util., normal repairs.
Mike Walker
Matt Robertson
For Sale - 12,500SF Building
8885 Danford Avenue on 3 Ac. Lot
Former Car Rental Facility
- 3,480 SF Corner Retail
- In the heart of downtown Billings
- Ideal for Clothing, Jewelry, Food
- $3,450 per month plus utilities
Mike Walker
Mike Walker
For Lease - Retail / Office Space
Retail Building For Sale or Lease
2930 Prospect Avenue, Helena
- Space - 2,200 SF. Rent - $1,850/mo.
- Four private offices. Lrg open area.
- On-site front door parking.
- New carpet/paint. Rent + utilities.
- Building: 24,570SF. Land: 2.6 Acres.
- Built 1996. Available for occupancy.
- Lease Rate: $8.00/SF, NNN, AS IS.
- Price: $1,750,000.
- Fully finished. Retail space with ofc.
- Zoned Hwy Commercial.
- Would make excellent daycare.
- Priced at $1,225,000.
Ken Kunkel
Mike Walker
Matt Robertson
D
L
SO
Business Properties
office. 406-256-5000 | fax. 406-256-9494
- Main level 2,250 SF of offices
- Upper level 1,212 SF
- Two-stall wash bay / shop area
- Site - 28,000 SF
Ron Elkin
page | 6
1stQUARTER
quarter
2012
1ST
2014
clients represented
Retail Property For Sale or Lease
810-822 Central Ave - $309,000
Jr. Box Retail in Northgate Center
Corner Main Street & Wicks Lane
D
L
O
S
- Multiple spaces in four structures.
- Total SF 5,522. Lot 19,738 SF.
- Lease rates/month - Retail $1,575.
- Storage $695. Garage $450.
- 15,500 SF at $10/SF, NNN.
- Vanilla shell condition High traffic
counts at Main/Wicks. Tenants:
ACE, Big Lots, Anytime Fitness.
Retail/Office - For Lease or Sale
2802-2808 Montana Avenue
Butte Plaza Mall, 3100 Harrison
- 4,000 - 20,000 SF “AS IS”. Downtown
corner location. Use: retail or office.
- Rent Rate: $6.00 PSF, NNN.
- Price: Contact Broker for Details.
- 1,000 SF - 34,000 SF available.
- Anchors: Herberger’s, Plaza 6
6 Theaters. 835 parking stalls.
- Contact Mike for lease information.
Mike Walker
Ken Kunkel
Mike Walker
712 Carbon Street, Suite C-3, C-5
3215 Dredge Drive, Helena, MT
Bridger Peaks Towne Center
No. 19th Street & Oak, Bozeman
2230 No. Reserve, Missoula
- Apx. 2,300 SF retail space facing
North Montana Ave.
- Term: 5 Years. $15.00 PSF, NNN.
- Tenant: elec, gas, phone, janitorial.
- 2,400-4,800 SF. $16-$20 / PSF, NNN.
- Pad Bldg. Space: 1,200-4,000 SF.
- Pad bldg. $27SF NNN..Chico’s, Pier I,
Smith’s, TJ Maxx, Famous Footwear
- C3: 3,500 SF, $2,480/month + util.
- C5: 2,500 SF, $1,930/month
- Near Costco, Shopko, Wal-mart.
- FREE RENT INCENTIVES
Mike Walker
Al Koelzer / Brian McDonald
P
3
Mike Walker
B
N
-
-
R
B
-
M
M
- Suite 300, 10,081 SF, $10/SF, NNN
- Suite 305, 2,223 SF, $15/SF, NNN.
- Suite 430, 1,556 SF, $16/SF, NNN.
- Harbor Freight Tools, Pizza Hut,
Party America, Albertsons anchor.
Mike Walker
R
1
-
M
M
R
3
M
additional lease properties
page | 7
industrial
vacancy
lease rates
absorption
sales
One of the most impressive categories for 2013 was industrial properties for both sales and leases. We continued to see energy based companies
move into the market further establishing Billings as a regional location for service companies working in the Bakken and Wyoming. Quality
product in the 20,000 SF to 30,000 SF range is still a rarity in the market. Companies are typically looking for sidewall heights in excess of 18’ and
clear span. This product type is all but gone. Speculative construction has not kicked in yet even with the lack of these types of buildings in the
market. The largest building on the market is the former Sutton’s warehouse, which is over 60,000 SF. New companies to the market include
Motion & Flow Control Products and Ryco Hydraulics. Rail access continues to be a request but difficult to fulfill.
8,400SF at 2675 Enterprise Ave.
Warehouse Space For Lease
Shop Space For Lease
3,500 SF at 1428 Grand Avenue
Office 1,500SF, warehouse/shop
6,900SF. Offices, reception, kitchenette, storage, restroom. Wash bay,
flr drains, OH heat, 5 OH bay doors,
monument sign. $4,950/mo., NNN.
Drew Smith
- Space A - 12,960SF. Fenced. Secure.
- Dock & leveler. Fully sprinkled.
- Rent: $3.50SF gross. Truck staging.
- Fork lift rental. Clearspan.
Drew Smith
Matt Robertson
Ron Elkin / Mike Walker
For Sale or For Lease
3927 and 3931 1st Avenue North
Shop/Warehouse Space For Lease
1818 Minnesota., C & D Warehouse
For Sale or Lease Shop/Warehouse
6871 King Avenue W., Unit F
Industrial Building with Offices
200 South 24th Street For Sale
- Warehouse/Shop 7,535SF. Office
1,310SF. Fenced wareyard/parking.
- Secure outside storage. Sprinkled.
- Rent $5/PSF includes gas & electric.
- Size: 3,600 SF. Office and restroom.
- Fenced storage yard.
- Lease: $2,100 per month, NNN.
- Price: $260,000.
Mike Walker
Drew Smith
Brian McDonald
Brian McDonald
For Lease : Distribution Facility
6840 Trade Center Avenue
Industrial Building With Offices
208 South 24th Street, For Lease
Office and Shop For Sale
706 Central Avenue
For Lease - Warehouse/Shop/Ofc.
5450 Holiday Avenue
- Buildings 62,400 SF; Land 3.07 Ac.
- Four dock doors & levelers.
- Zoned C.I. Fully fenced facility.
- Rent: $3.75 PSF, NNN.
- Between downtown & I-90/27th St.
- Apx. 6,000SF Office/Warehouse.
- OH doors, parking, new paint.
- Rent: $2,800/month plus utilities.
- Grand Fence property. Lot 21,864sf.
- Buildings (2): 2,268SF. Controlled
Industrial. Secure/fenced wareyard.
- Newer roofs. Price $195,000.
Matt Robertson/ Brian McDonald
Brian McDonald
Drew Smith
Ken Kunkel
West End Shop For Sale
2675 Overland Avenue, Unit B
Office/Warehouse For Sale
609 Charles Street, $1,390,000.
For Sale - Shop-Warehouse-Yard
1125 and 1175 Maggie Lane
For Sale, 2885 Farley Lane
Class A Industrial Bldg. on 20 Ac.
- Distribution facility. Rail service.
- Building (2) total: 55,994 SF.
- Land: 2.42 acres. Fully leased.
- 4 docks. Price: $1,885,000.
- Shop: 1,370SF. 14’ Overhead Door.
- A/C office and restroom. Racking
cabinets, alarm system available.
- 49’ D x 28’ W. Asking $148,000.
- Building: 11,050 SF. Land: 1.45 Ac.
- 44 Storage Units. Secure keypad.
Fenced/paved yard/parking. Public
utilities. Built 2011.
Ron Elkin
Drew Smith
Business Properties
office. 406-256-5000 | fax. 406-256-9494
- Rent: $1,900 per month.
- Small office. Ample power.
- 2 overhead doors. Less pays
- liability ins., util., normal repairs.
Warehouse/Distribution Facility
D
L
SO
- 1125: 13,680 SF. Land: 28,052 SF.
- Price: $646,800.
- 1175: 5,000 SF. Land, 27,975 SF.
- Price: $220,000.. West yard avail.
Al Koelzer
- Facility: 29,448 SF. Land: 43,996 SF.
- Main flr. offices. Fenced yard. Five
docks. Freight elevator. Built 1935.
- Price: $595,000.
- 16,852 SF Builidng. 35,000 SF Lot.
- Offices, shop spaces, warehouse
area. Fully leased. Taxes $8,613/yr.
- Asking $850,000.
- 5,000 SF Warehouse/Shop/Office.
- Apx. 16’ Sidewalls. Two OH Doors.
- Restrooms. Fenced storage. 220.
- Rent: $3,350/month plus utilities.
- Built in 2009. Building 20,000 SF.
- Office, Retail, warehouse, shop.
- Paved parking. Septic. Wells.
- Price $2,490,000.
Drew Smith
page | 8
1stQUARTER
quarter
2012
1ST
1ST
QUARTER
2014
2014
clients represented
For Lease - Sprinkled Warehouse
1737 King Avenue West
Warehouse/Shop For Lease
Office/Warehouse/Shop For Lease
831 Cerise Road
- 30,352 SF of warehouse, mezz.,
insulated & non-insul. cold storage.
- Multiple OH drs. Fenced/paved yd.
- $12,000/month plus utilities.
- Bldg.: 7,000SF. Two overhead doors.
- Two offices. Showroom. Parking.
- Great Signage on 4th Avenue N.
- $2,350/month plus utilities.
- Approx. 5,000 SF +/-. Full service.
- Multiple offices. Reception.
- Off-street parking. Yard space avail.
- Lease Rate: $7.80/psf. Full service.
Matt Robertson
Ken Kunkel
Tyler Samson / Matt Robertson
For Lease - Shop/Office
2525 Old Hardin Road, Unit C
Warehouse Space For Lease
1175 South 25th Street West
- Building 2,000SF. 12’ OH door.
- Office with mezz. storage. ADA
restroom. Radiant heat in shop.
- $1,400/month plus gas & electric.
- Size: 2,200 SF. 14’ OH door. New,
never occupied. Finished office.
- ADA restrooms. Shop sink in WH.
- $1,650/mo. plus CAM est. $1.75psf.
Office/Warehouse/Showroom
For Sale - 2747 Enterprise, Suite 1
- Size 3,477 SF. Rent $2,680/month.
- Price $417,690. West Billings near
the MarketPlace. Neighbors include Costco, Shopko, Wal-Mart.
Brian McDonald
For Lease - West End Shop Space
6809 King Avenue West, Unit C1
- 2,250 SF at $1,400/mo. + utilities.
- Fenced yard; graveled, lighted.
- Paved. MDU, Bresnan, YVEC.
- 480 3-Phase. 12x14 OH door.
Brian McDonald
325 16th Street West
- 2,808sf: WH - 1,000sf. Ofc. - 1,800sf.
- Full kitchen. On-site parking.
- Convenient midtown location.
- Rent: $2,200/mo. Tenant pays util.
Mike Walker
Ron Elkin
Drew Smith
For Lease - Warehouse/Shop
Warehouse/Office For Lease
1202 So. 32nd Street West
Retail/Warehouse For Sale/Lease
2102 2nd Ave N. & 2109 1st Ave. N.
Major Warehouse Facility For Sale
7232 Grand Avenue
- Bldg: 3,250SF. OH Door. Restroom.
- Outside fenced storage: 2,000SF.
- Restroom. Great westend location.
- Near CAT. Rent: $2,175/mo. + util.
- Warehouse-5,250sf. Office-2,000sf.
- 1.5 Acres fenced, graveled yard.
- Rent: $5,000 per month, NNN.
- 2-4 additional Ac. avail. Make Offer!
- Building: 57,000SF. Land: 42,000SF.
- Located in Rail Spur Village
- Office/Retail, Warehouse, Storge,
Underground parking. $1,160,000
- Building: 43,840SF. Land: 9.3 Acres.
- Heavy-duty elec. Rail available.
- 2-door truck dock. Ground level dr.
- Price: $1,500,000
Ken Kunkel
Brian McDonald
Ken Kunkel
Excitiing news since our last issue.
ANNOUNCING:
Charlotte Joanne Robertson
Born December 30, 2013
For Lease - Warehouse/Office
For Lease - Warehouse,
2602 Enterprise Ave. (Avail. 3/31/14)
Charlotte joined the NAI crew
a month earlier than planned.
- 7,250 SF Warehouse. Two OH doors.
- Office space. High output lighting
pkg. Ample parking. Semi access.
- Rent: $1,950 per mo. plus utilities.
- Approx. 8,800 SF. Clear span. Truck
dock. OH door. Near MarketPlace.
- Zoned Commercial Industrial.
- Rent $4,400/month plus utilities.
Her proud parents are
Stephanie and Matt Robertson
(broker/owner) of NAI
Business Properties.
Ken Kunkel
Brian McDonald / Al Koelzer
page | 9
203 E. Railroad Street
Laurel, Montana
INDUSTRIAL
CONTINUED...
- Office, industrial building, storage,
guard shack, rail spur. Loading
dock. Phone, gas, water to the site.
- Storage Bldg - 8 overhead doors
- Industrial Bldg - ground level doors
- Built 1972 and 1975.
- Purchasers to varify and satisfy
themselves to all property data.
- Property details below.
Ken Kunkel
Industrial Property For Sale - 203 E. Railroad Street, Laurel, MT
SUB-LEASE, Large Shop & Yard
1908 Main Street - $7,500/month
For Lease - 2033 Main Street
Office/Warehouse
- Equip. Shop/Office - Apx. 22,000 SF
- Built 1975/1995. Ten OH doors.
- Drive-thru bays. Radiant heat.
- Ofc/Showroom. Land 4.7 Acres.
- Building: Ofc 1,062sf, WH 1,600sf.
- Highway Commercial zoning.
- 14’ OH doors. Signage. Fenced yard.
- Main Street frontage. $2,100/mo.
5509 King Ave. E For Sale/Lease
Warehouse with Office
For Sale : Distribution Facility
For Lease - Industrial Offices/Shop
1650 Lockwood Road on 4.27 Acres
Office/Warehouse For Sale
- Bldgs (2): 12,000 SF. Land: 1.54 Ac.
- Laurel Road frontage. 20’ pipeline
easement. RE Taxes $8,385/yr (‘13).
- Rent: $7,500/mo. Price: $990,000.
- Buildings 62,400 SF; Land 3.07 Ac.
- Four dock doors & levelers.
- Zoned C.I. Fully fenced facility.
- Price $2,485,000.
- Front Bldg - 15,071sf. Ofc. 5,500sf.
WH/shop 7,700sf. Laundry, storage.
- Back Bldg - 10,080sf. Ofc., storage,
shop. Fenced. Paved. Front parking.
- 2 End Units: 2,400SF @ $187,500 ea.
- 2 Mid. Units: 1,200SF @ $98,500 ea.
- OH door. Walk-in door. ADA restrm.
- Office, Septic, Cistern, Fenced yard.
Al Koelzer
Brian McDonald / Matt Robertson
Drew Smith
Brian McDonald
For Sale - Shop/Office
6871 King Avenue W, Unit G
For Sale - Build-To-Suit or LAND
Warehouse Condo For Sale
315 Brey Lane (88th St W/Grand Av.)
Westend Retail/WHouse Complex
2747, 2749, 2751 Enterprise Ave.
- Office/restrm 384sf. Shop 2,608sf.
- ADA restroom & shower. Fenced
yard, key code entry gate. OH door
with remote. Base unit: $213,389.
- Land: 2.5 Acres. Un-zoned.
- Cistern. Septic. Utilities: MDU, YVE.
- Land Price: $2.25 PSF. Build-to-suit
starting at $70 PSF. Total: $245,000.
- 2747 #5. 7,154 SF. $8.50 SF +util.
- 2749 Shop. 2,464 SF. $1,000/mo.
- 2751 #1. 7,135 SF. $2,510/month.
- 2751 #3. 6,800 SF. $5,100/month.
Brian McDonald
Brian McDonald
- Available space: 1,680 SF - 3,360 SF.
- Yard space: 5,989 SF to 11,979 SF.
- Multiple OH doors, 14’ sidewalls.
- Shell cond. or heated & insulated.
- Priced from $111,500 to $193,000.
Matt Robertson
A
F
7
Warehouse For Lease
2639 Belknap (5,000sf on 1.15 Ac.)
Warehouse/Office Units For Lease
5835 Interstate Avenue, Units C & D
- Easy Interstate access/exposure.
- 2 OH doors (16’x16 & 16’14’)
- Apx. 32,000SF graveled/fenced yd.
- Lease rate: $4,000/month plus nets.
- Each unit: 1,500 SF. Paved parking.
- 14’x14’ OH door. 200 amp 3-phase.
- Radian heat in floor. ADA restroom.
- Wareyard space. $1,000/mo./unit.
Matt Robertson
Drew Smith
Business Properties
office. 406-256-5000 | fax. 406-256-9494
- Office Building.....................4,752 SF
- Storage Building...............20,800 SF
- Industrial Building...........85,580 SF
- Building Total..................111,372 SF
- Land (19.12 Acres).........832,880 SF
- Priced at $4,900,000.
Ken Kunkel
-
Brian McDonald
D
M
page | 10
1stQUARTER
quarter
2012
1ST
2014
nai press page
WHAT’S recentLy sold or leased...
D
L
SO
D
E
S
LEA
Matt Robertson
1500 N. 19th Ave., Bozeman
Mike Walker
D
L
SO
D
L
O
S
401 North 23rd Street
Drew Smith / Ken Kunkel
D
E
S
A
E
L
2146 Old Hardin Road
Brian McDonald/Matt Robertson
D
L
SO
1601 Lewis Avenue
Drew Smith
D
L
SO
6809 King Avenue W., Unit E
Brian McDonald
D
L
SO
754 River Rock Drive, Helena
Mike Walker
1 South Broadway
Ken Kunkel
D
L
SO
RF Development, B2, L2
Brian McDonald
D
E
S
LEA
1603 Grand Ave., West Park Plaza
page | 11
WWW.NAIBUSINESSPROPERTIES.COM
land
Activity
absorption
sales
Land sales were off somewhat from 2012 numbers in both transactions numbers and volume totals based on our numbers, which is typically the
indicator for Billings. Industrial land again was the leading type of land use. The west end and southwest areas of the city saw the largest amounts
of land transactions. All sectors were active including multi-family land sales. Another area that saw a large amount of land sales was in the hotel
sector. All hotel land sales were along I-90 with the exception of one. We continue to see land activity on the west end of the city. South Billings
Town Center (Cabela’s/Sam’s Club) saw its first land transaction in over five years with My Places Suites purchasing a tract in the development.
Activity around Interstate 90 remained active in 2013. Land pricing was on the rise in 2013 as there became less available industrial land with city
services available.
Residential Development
Stunning, Panoramic View
For Sale, West End Lot, 1/2 Acre
2593 Overland Ave., $136,000
- 119.5 Acres. Phase 1 complete.
- Near Beartooth Mtns. Yellowstone
Nat’l Park. Ski, hike, hunt, fish, golf.
- Priced at $1,890,000.
- Sample bldg specs.: 9,300sf bldg.,
Radiant tube heater in shop, gas
forced air, heat, A/C, city water, gas,
sewer, elec. Single phase.
Ron Elkin / Drew Smith
Brian McDonald
- Land: 1.095 Ac. (47,698 SF)
- Easy access from Main Street
- Zoned Highway Commercial
- Land Price: $128,000
- Fully improved 1.6 Ac. lot including
paving, lighting & landscaping.
- Lease $2,750/month, NNN.
- West end Homestead Business Park
2.0 Acres High Profile Lots
5432 & 5440 Laurel Road
West Billings Lots For Sale
72nd Street W and Niebauer Road
South Billings Town Center
Pad locations from .78 to 2.20 Acres
- Lot 1, 51,966SF, $6.54psf.. $340,000.
- Lot 4, 37,932SF, $5.00psf. $190,000.
- Controlled Ind’l. All city services.
- Great interstate access. 24,500ADT.
Drew Smith
- Lots sizes from 20,000sf to 10 Acres.
- Prices from $2.65psf.
- Zoned Light Industrial
- 3 miles north of E. Laurel/I-90 interchange. New road.
Drew Smith
Vacant Lots For Sale
2511 2nd Avenue South
For Sale, 3.345 Acres
Corner Lot at 4028 Central Avenue
For Sale, 4 10-Acre Tracts
6780 S. Frontage Road, Billings
- Block 142, Lots 1-6, part of 7 & 8
- Zoned Central Business District
- Billings Original Townsite
- Apx. 28,000 SF. Price $154,000.
Office Building Site/Parking Lot
2240 Grant | Price $550,000
Brian McDonald
2.28 Controlled Industrial Acres
- Fenced acreage. Great location!
- Direct access to King Avenue W.
- Property is level & ready for user.
- Priced at $399,000.
Warehouse/Office Site For Sale
Build-To-Suit - 2100 Main Street
- Mature landscaping. Main building
apx. 9,406 SF. Garage apx. 480 SF.
- Neighborhood Commercial zoning.
- Sale Price: $1,820,000.
- Zoned Controlled Industrial
- Access between Zoo Drive & I-90.
- $3.25 Per Square Foot
- Reserve these properties NOW
- Anchors: Sam’s Club & Cabela’s
- I-90/So. Blgs. Blvd Interchange
- Pad pricing from $10-$11/SF
- Larger tracts from $7-$8/SF
Mike Walker
For Sale, Vacant Lot on Nall Ave.
Near 27th Street/I-90 Off-On Ramp
- Next to new GSA building
- City water and sewer stubbed to lot
- Lot Size: 3.19 Acres
- List Price: $237,500
Ken Kunkel
Brian McDonald
Ken Kunkel
Ken Kunkel
For Sale, 3.87 Acres on Park Road
Hardin I-90 Development Lots
Retail Lot For Sale or Build-to-Suit
1501 Zimmerman Trail
Downtown Development Lot
6th Ave. N & 26th St. For Sale
Vacant Land, 2.85 Acres
Old Hardin Road, Lockwood
- Lot 1A - 42,950 SF. $101,000.
- Lot 1B - 55,843 SF. $131,200.
- Lot 1C - 69,605 SF. $163,500.
- Total Land 168,398 SF. $395,700.
Tyler Samson / Ron Elkin
- 1.4 Acres. Between ACE Hardware
and Billings OB/GYN. Zoned C.C.
- 216’ Frontage to Zimmerman Trail
- Price $795,000
Business Properties
office. 406-256-5000 | fax. 406-256-9494
- 15,100 SF Lot. Paved and lighted.
- Zoned Central Business District.
- High traffic counts 6th & 27th.
- Asking $196,150 ($12.99/SF).
Ron Elkin
- Interstate frontage. Near I-90 & I-94.
- Hwy Commercial. Rental income
from Tour America. Price $375,000.
- Additional 0.5 Ac for $54,600.
Al Koelzer
page | 12
1stQUARTER
quarter
2012
1ST
2014
clients represented
BRESNAN
32nd Street West & Hesper Road
Controlled Industrial Lot - Apx. 2 Ac.
- Corner lot in growth area
- Near Shiloh Road/I-90 Interchange
- Price $550,000
Premier Site, 1.45 Acres
Corner of Wicks Land & Bench Blvd.
- Near Wal-Mart, Billings, Clinic, and
Heights Post Office. Over 17,000
cars per day. Great exposure.
- $675,000. Neighborhood Comm’l.
4.25 Acres Across from Cabela’s
4513 King Avenue E
Multi-Family Development Land
11.2 Acres, Sidney, Montana
- Anchors: Sam’s Club and Cabela’s
- Zoned Entryway General Commer’l
- Frontage: 622’ of King Avenue E
- List Price: $6.00 PSF
- Zoned/approved for multi-family
- All services to property/street done
- Close to The Shops at Fox Run
- Price $2,500,000 ($5.22/SF)
Brian McDonald
Ken Kunkel
Matt Robertson
Mike Walker
FOR SALE - Development Site
I-90 & Johnson Lane, Lockwood
Commercial and Industrial Site
Harnish Trade Center Sub., B4, L3
Build-To-Suit Land For Sale
Industrial Land For Sale
Coulson Road, Lockwood
T
ER
C
D
A
UN
TR
N
CO Ron Elkin
- Near a hotel, restaurants & banks.
- Bank owned. Financing available.
- Size: 0.97 Acre. Price: $125,975.
- Zoned Entryway General Comm’l
Investment Property
2510 2nd Avenue South
- Blgs Original Townsite, B 162, L1-12
- Zoned Community Commercial
- Raw land lease $1,500/month
- Priced at $168,000
D
L
SO
- HTC, B4, L3 - 51,131 Square Feet
- Immediate access to I-90
- Lot priced to sell: $160,000
Brian McDonald
Brian McDonald
Commercial/Retail Sites For Sale
I-90 / Zoo Drive Interchange
Commercial Bldg. Site/Sales Lot
3920 1st Avenue South
3.27 Acres For Sale
Rosebud Lane with I-90 Frontage
- Adjacent to 30,000 SF Western
Ranch Store built 2013.
- Block 3, Lot 2 - 62,767sf, $188,300.
- Zoned Entryway Light Industrial
Brian McDonald
For Sale, Development Land
Near ND State Line, Fairview, MT
For Sale, I-90/Zoo Drive Land
Broso Valley Subdivision, 2 Lots
Matt Robertson
- Apx. 26.75 Ac. Rail access possible.
- Outside Billings/Yellowstone Co
zoning restrictions. Near gravel pit.
- Priced at $2.50psf.
Brian McDonald
Brian McDonald
- Property size: 4.44 Acres
- Zoning: Currently un-zoned
- Sale excludes gas, oil, mineral rights
- List Price $198,500 ($1.03PSF)
- Land 2.5 Acres. Un-Zoned.
- Cistern Septic, MDU, YVE
- Built-to-Suit starting at $70 PSF
- $2.25 PSF. Total Cost: $245,000.
- Apx. 17,500SF land; street frontage.
- Controlled Indust’l. Sign included.
- Great exposure to truck route.
- Price $75,000.
Al Koelzer
- I-90/Lockwood interchange
- Zoned Highway Commercial
- Metra Exit 452. Great access.
- Priced at $750,000.
Al Koelzer
- Ideal for hotel, restaurants, retail,
office, medical. All city services in.
- Lot 16-A1 56,589 SF $565,890
- Lot 17
75,136 SF $751,360
Mike Walker
page | 13
1st quarter 2012
FEATURED
PROPERTIES
Cenex Service Station For Sale, 902 North Broadway, Red Lodge, MT
- Building 4,920 SF. Built 1999.
- Lot 0.719 Ac. Island canopy 24’x94’’.
- Wheat Montana Franchise.
- List price $975,000.00.
- Tanks in gal.: 15K unleaded, 9K prem,
4K diesel clear, 2K diesel dye.
- Pumps: 4
- 8 Dispensing Stns-new spring 2008)
Matt Robertson / Tyler Samson
Cenex Service Station For Sale, 1022 S. Adams, Red Lodge, MT
- Retail Building 1,152 SF. C-Store
2,200 SF. Lot Size 0.689 Acre.
- List Price $800,000.00.
- Tanks in gal.: 8K unleaded, 4K prem.
- Pumps: 2 Gilbarco Encore 500 - 3
hose gas pumps. 4 dispensing stns.
Investment Property, Cenex Station, 2993 Highway 78, Absarokee, MT
- Building 2,400 SF. Built 1999.
- Lot 1.78 Ac. Gas Canopy 24’x40’.
- Price $675,000.00.
- Tanks in gal.: 8K unleaded, 4K prem.,
6K diesel clear #2, 4K diesel dye.
- Pumps: 4 gas and 2 diesel.
FOR LEASE - Premier Downtown Office Space
175 North 27th Street, Wells Fargo Tower, Billings, MT
Space stands ready to occupy, or
- 11th Floor, 9,400 SF. Can be divided.
depending on tenant needs, can be
- 24 hour secure access. On site
build-to-suit. $17.00 per square foot,
maintenance and management.
full service.
- Parking in adjacent garage.
Mike Walker
Class A Industrial Property For Sale - 2885 Farley Road, Billings, MT
Corner Lot For Sale - 4028 Central Avenue, Billings, MT
- Corner lot, 3.345 Acres
- Main building is apx. 9,406 SF
- Garage is apx. 480 SF
- Mature landscaping
- Neighborhood Commercial zoning
- Sale Price $1,820,000
Brian McDonald
Downtown Development Lot For Sale - 6th Ave. N./26th St., Billings, MT.
- High Traffic Count
- 15,100 Square Foot Lot
6th Avenue N.....16,300 VPD
- Lot is paved and lighted.
N. 27th Street.....20,200 VPD
- Zoned Central Business District
- Asking Price: $196,150 ($12.99/SF)
- Tax Code A01960 & A01962
Ron Elkin
Business Properties
office. 406-256-5000 | fax. 406-256-9494
- Building: 20,000 SF. Land: 20 Acres.
- Zoned Heavy Industrial. North of
- Office, Retail, Warehouse, Shop.
Johson Lane I-90 Interchange.
- 18’ Sidewalls. 4 OH doors.
- Minutes to downtown Billings.
- Price $2,490,000.
- Septic system. Wells. Paved road.
Drew Smith
Premium Office Space For Lease - 222 N 32nd Street, Billings, MT
- Main level Suites 101 and 102
- Rent includes electric, gas, water.
- Rent: $15.75 PSF. Great downtown
location. off-street parking.
- Suite 101, 1,905 SF. Five offices,
reception, conference, kitchenette.
- Suite 102, 1,072 SF. Three offices,
open reception area, conference.
Tyler Samson
Industrial Building with Offices For Sale. 200 So. 24th Street, Billings, MT
- 16,852 SF Building. 35,000 SF Lot.
- Multiple offices, clean shop spaces,
and warehouse areas.
- Current rent $68,400/year.
- Fully Leased.
- Legal: Billings Old Town, B161, L3-12
- Real Estate Taxes $8,613 (2013).
- Asking $850,000.
Brian McDonald
page |14
1stQUARTER
quarter
2012
21ST
1ST
ND
QUARTER
2012
2014
2014
clients represented
Multi-Tenant Mix Used Property For Sale. 131-139 Moore Ln, Billings, MT
- Building Total: 57,774 SF
- Land; 1.78 Acres
- Newer roof, paint, interior remodel
- $1,950,000. Terms to qualified buyer.
- Diverse income stream, mixed use
- Low maintenance. New Moore Lane
street improvements.
- Current occupancy 90%.
Al Koelzer / Drew Smith
For Sale - Empire Garage Condos, 2701 Montana Avenue, Billings, MT
- Approx. 16,600 SF. Price $52/PSF.
- Zoning Central Business District.
- Exterior features completed; electric
and gas to site.
- City of Billings Retail/Office Condos.
- Shell finish to include concrete floor,
front windows, doors. Buyers to
assume HVAC requirements/improv.
Mike Walker
Stand Alone Office Building For Sale - 3225 1st Avenue N., Billings, MT
- Building: 2,500 SF. Lot 7,000 SF.
- State of the Art: Networked data
- Six private offices, four field offices,
lines. Security system. Access
conference room, reception area.
control. Central vacuum.
- 10 parking spaces. Kitchenette.
- Price: $335,000.
Ken Kunkel
For Sale, Premier Site, Wicks Lane and Bench Blvd., Billings Heights
- Corner Site: 1.446 Acres (62,988 SF)
- Great Corner Location & exposure
- Near Wal-Mart, Heights Post Office,
Billings Clinic, Developing Area
- Wicks & Main high traffic counts
- Zoned Neighborhood Commercial
- Utilities: city sewer, Heights water
- For Sale at $675,000
Ken Kunkel
For Sale, Office/Warehouse - 609 Charles Street, Billings, MT
Great central Billings location. Adjacent to rail and close to truck routes.
- Ofc. - 3,250SF. Class A. Kitchen. Conf. - Fenced & paved yard & parking.
Reception. Warehouse - 7,800SF.
- Public utilities (water and sewer).
OH doors. Radiant heat. Restroom.
- Zoned Controlled Industrial.
- 44 storage units (7,415SF). Secure.
- Price $1,390,000.
Drew Smith
Shop, Warehouse, Yard For Sale. 1125 and 1175 Maggie Lane, Billings, MT
- 1125 Maggie - Shop/WH - 13,680SF. - 1175 Maggie - Shop - 5,000SF.
- Land 28,052 SF. RE Taxes $6,112.04.
- Land - 27,975 SF. Taxes $3,002.80.
- Rent Income: $5,000/mo.
- Rent Income: $2,000/mo.
- Price $646,800 ($47.28 psf ).
- Price - $220,000 ($44.00 psf ).
- West Yard - 0.9 Ac. - $174,400.
- 1125/1175 - $821,200. Hwy Comml.
Al Koelzer
Hardin/I-90 Development Lots For Sale - Hardin, Montana
- Three commercial lots adjacent to
I-90 on Park Road in Hardin, MT.
- Zoned C-2 Highway Commercial
- Price: $395,700 for 3.87 Acres.
- Lot 1A - 42,950 SF, $101,000.
- Lot 1B - 55,843 SF, $131,200.
- Lot 1C - 69,605 SF, $163,500.
- Total Land - 168,398 SF.
Ron Elkin / Tyler Samson
page | 15
Q&A
Our company needs new lease space,
how can we find-out what is out there?
NAI offers tenant representation, which enables you to do what you do
best. Tenant representation means that you will have an experienced
real estate broker, working for you to find the best place possible and
negotiate the best price on your behalf. This is a no cost service that is
offered by NAI Business Properties.
How can I sell my business and is there a
market for it?
We have close brokerage relationships that specialize in the outright
sale of businesses of all sizes, with or without real estate. Our team of
business intermediaries includes experienced specialists at both the
Main Street and Mid-Market levels, backed by the strength of the NAI
Global Network.
I am expecting to build a new commercial
building next year, can I use a commercial broker?
How has the economy effected my property
values? What is my property worth?
Over the years NAI Business Properties has accumulated a significant
amount of Sales and Leasing data. This data enables us to carefully and
accurately evaluate many different types of property. This service has
been very useful in tax and estate planning.
Whether you are an investor or an owner occupant looking to expand
your business, working with an experienced commercial broker will
ensure that you have all the information and available properties to
make an informed decision on your new building.
I have multiple properties and wonder
if my portfolio is well balanced?
Who is NAI Global?
NAI Global is the premier network of independent commercial real estate
firms and one of the largest commercial real estate service providers
worldwide. NAI Global manages a network of 5,000 professionals and
350 offices in 55 countries throughout the world. NAI professionals
work together with our global management team to help our clients
strategically optimize their real estate needs. NAI offices around the world
completed $45 billion in transactions in 2010.
With any type of investment it is important to review your portfolio
regularly to insure that it is being fully maximized. NAI offers many
different levels of portfolio evaluation and management to ensure our
clients they are making sound investment decisions that fit within the risk
tolerance that suits them.
Call or email today
to be added to our mailing list!
406-256-5000
[email protected]
Visit our website
for detailed information and flyers
on all of our properties.
Business Properties
office. 406-256-5000 | fax. 406-256-9494

NAI Business Properties

Transcription

Similar documents

for sale or lease : 527 ocean avenue, unit 1

2452-2490 Black Rock Turnpike, Fairfield, CT

2449 S. Iowa,Suite R

618 Michillinda Avenue

E-873 Woodchuck Lane - Bayside Stock # 4090 - Pot

Brochure - Lizotte

TO BENEFIT 89.7 WTMD

Plaza Las Americas - United Properties

16 MONTH LEASE SPECIAL

5100 Block of SW 29th Street