For Sale
$2,325,000

580 Pronghorn TrlBozeman, MT 59718

High-yield industrial complex, Bozeman, MT

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional Bozeman, Montana investment opportunity presents a 9,300-square-foot flex space complex situated on 1.1 acres in the desirable Four Corners area. The property comprises three buildings constructed in 1998 and 2005: a 4,500-square-foot office building and two 2,400-square-foot steel warehouses, each equipped with bathrooms. Currently boasting 100% occupancy with three tenants, the property offers a stabilized income stream with a 6.14% cap rate and a substantial $142,727 NOI. Two of the three modified gross leases are up for renewal in mid-2025, presenting a significant opportunity to increase NOI through triple-net lease conversions, potentially reaching a pro-forma cap rate of 7.40% and a pro-forma NOI of $172,050. The property features attractive finishes, a fenced perimeter with a security gate, professional landscaping with irrigation, and ample parking. Its convenient location near Jackrabbit Lane provides easy access to Bozeman, Belgrade, Bozeman Yellowstone International Airport, and I-90. The asking price is $2,325,000, or $250 per square foot, and $581,250 per unit. Detailed financial information is available upon request. The property is zoned commercial and offers a compelling blend of stable income and future upside potential in a rapidly growing market. Rent bumps are set at 3%.

Highlights

  • Strong tenant mix, including two long-term occupants (7+ years).
  • Two modified-gross leases expiring mid-2025 offer potential for triple-net lease conversion and increased NOI.
  • Stable cash flow with substantial NOI growth potential.
  • Excellent Four Corners location in Bozeman, MT's fastest-growing area.

Property Details for 580 Pronghorn Trl

Property type
Industrial properties, Flex space
Square Feet
9,300 SF
Year Built
1998
Buildings
3
Stories
1
Lot Size (sq. ft)
47,916 SF
Units
4

Location Insight

City
Bozeman
County
Gallatin
State
Montana
Latitude
45.6766172
Longitude
-111.1833469
580 Pronghorn Trl, Bozeman, Montana

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580 Pronghorn Trl
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