|Price/Rent PSF||$ 1,130,000.00|
|SQ. FT. Available||6,266|
Highly visible and accessible just off Mullan Road, a main thoroughfare in Missoula, and is less than 1/4 mile from the intersection of Mullan Road and N Reserve Street. The N Reserve corridor sees the highest density of traffic, due to the concentration of retail, restaurants and hotels. This convenient location is also situated a short distance from W Broadway St and sits among additional medical and professional offices offering both the tenant as well as the client easy access to amenities in the immediate vicinity.
Sterling CRE Advisors is pleased to present the opportunity to acquire 2819 Great Northern Loop, (Suites 100, 101, B1-B4) a 6,266± square-foot, Class A, professional office condominium investment property located in Missoula, Montana. This is a well built, professional/medical office condominium building which can accommodate a variety of tenants ranging in size from 790 to 1,850 square feet. The variety of unit sizes allows tenants with expansion needs the ability to grow within the building giving ownership the opportunity for long term retention. Leases are staggered to across six different tenants with leases as long as 5+ years remaining. Several tenants have been in place since the building was built in 2009. Based on 2017 figures, the property is offered at a 6.0% cap rate.
With high visibility off of Mullan Road, 2819 Great Northern Loop is easily identifiable. The property is easily accessible from Mullan Road, between North Reserve Street and W Broadway St.
The property is a low maintenance and management investment alternative with the stability of multiple tenants, staggered leases and clustered medical uses in an in-demand area.
For additional information, please call listing agents Matt Mellott, CCIM (406-203-3950) and Claire Matten (406-360-3102).
Additional investment offerings are available in the neighboring building (2829 Great Northern Loop) as well.