Net Industrial Investment

Highlights

• Real Estate: $1,500,000 ($101.43 PSF)
• Total SF: 14,788 SF
• Lot Size: 4.736 acres
• Heavy Industrial Zoning
• Septic & Well
• Very good visibility with access to Johnson Lane I-90 Interchange
• Initial Annual Rate: $144,000
• CAP Rate: 9.60%

Description

Offering includes a three year triple net lease at an annual rate $144,000 (9.60% CAP). The site offers two warehouse structures with the main shop offering 13,688 SF of warehouse/office space with multiple overhead doors, three paint booths, a pre-engineered steel base, built in 1983. The second structure offers 1,100 SF of cold storage space, also of pre-engineered steel, was built in 1999. The lot totals 4.736 acres and offers ample off street parking, yard space with excellent ingress and egress. Duck's Painting Shop, established in 1987, is the only commercial painting operation that can service trucks and semi trailers in the greater Yellowstone County area and has customers throughout Montana and regionally (Wyoming, North Dakota, etc).

Conveniently located in an industrial corridor in Lockwood near Billings, with excellent access to the Johnson Lane interchange on Interstate 90.

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