For Sale
$849,000

790 Colleen St Helena, MT 59601

Stable Investment, 8-Year Lease Remaining

Overview

Added:
Dec 11, 2024
Days on market:
137
This Helena, Montana office building presents a compelling investment opportunity. The property, located at 790 Colleen St, features a 5,600 square foot single-story building on a 1.12-acre lot (APN 0000019713) with 35 parking spaces. Currently 100% occupied by the United States government under a gross lease, the property boasts a stable, long-term tenancy with 8.1 years remaining on a 10-year lease (commencing January 1, 2023, and expiring December 31, 2032). The building, constructed in 1992 and classified as Class B, benefits from recent tenant improvements paid for by the seller. The property is zoned CLM and situated in the Inter-City commercial subdivision, conveniently located off US-12. The asking price is $849,000, translating to $151.61 per square foot (5,024 net rentable square feet). This stabilized investment offers a secure, long-term income stream with a strong government tenant. The property's convenient location and ample parking further enhance its appeal. This is a rare opportunity to acquire a well-maintained, income-producing asset with a significant remaining lease term.

Highlights

  • Helena, MT office building investment opportunity: 5,600 SF single-story building on 1.12-acre lot (APN 0000019713), 35 parking spaces.
  • 100% occupied by US Government under a gross lease with 8.1 years remaining (expiring 12/31/2032).
  • Class B building (1992 construction) with recent tenant improvements; asking price: $849,000 ($151.61/SF).
  • Convenient location off US-12 in Inter-City commercial subdivision, CLM zoning.

Property Details for 790 Colleen St

Property type
Office properties, Land
Square Feet
5,600 SF
Class
B
Year Built
1992
Buildings
1
Stories
1
Lot Size (sq. ft)
48,787 SF
Units
1

Location Insight

City
Helena
County
Lewis and Clark
State
Montana
Latitude
46.5930431
Longitude
-111.9748951

FAQs

What type of property is this?
Office property - Stable Investment, 8-Year Lease Remaining
Where is the office property located?
The property is located at 790 Colleen St Helena, MT.
What is the asking price?
The asking price for this property is $849,000.
What are key features of this property?
This property features: Helena, MT office building investment opportunity: 5,600 SF single-story building on 1.12-acre lot (APN 0000019713), 35 parking spaces.; 100% occupied by US Government under a gross lease with 8.1 years remaining (expiring 12/31/2032).; Class B building (1992 construction) with recent tenant improvements; asking price: $849,000 ($151.61/SF).
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790 Colleen St
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