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Note
Net Lease to Providence Medical
Listing was updated at: 10/16/2018
Property Overview
Price/Rent PSF $ 770,000.00
Asset Type Office
Trade Type Sale
SQ. FT. Available 2,272
Date Available 10/16/2018
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Description

Location
Convenient location between W Broadway and N Reserve Streets, on Mullan Road, nearby amenities include: retail facilities, restaurants and medical offices.

Sale
This 2,272sf medical condo is leased to a Providence Medical cardiology practice on a triple net basis. This exceptionally strong tenant has occupied Suite 300 since the building was constructed in 2009. A 5 year renewal option remains on the lease with rent escalations along the way. Based on 2017 actuals, property is offered at a 7.86% cap rate. Because the entire building is managed by a condo association, maintenance and management requirements are minimal. (Currently, the same property management company that handles the condo association also manages all the medical condos in this building). For more information including access to confidential financials, please call listing agents Matt Mellott, CCIM (406-203-3950) or Claire Matten (406-360-3102). The entire building (13,952sf +/-) is also for sale or as individual condos.

Location

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