7618 Leopard AveBillings, MT 59106

Property Details for 7618 Leopard Ave

Property size (Sq ft)

3,996 SF

Property type

Industrial properties

Property subtype

Other warehouses

Description

This exceptional investment opportunity presents a 3,996 square foot industrial property located at 7618 N Leopard Ave, Units 4, 5, and 6, in Billings, Montana, 59106. The property consists of three separate bays, each approximately 24' x 54', totaling 3,996 square feet within a single building situated in a gated subdivision. Each of the three units is currently leased for $800 per month, generating a total annual income of $28,800. The property boasts desirable features including 16-foot ceilings, concrete floors, gas hanging heaters, 12' x 14' insulated garage doors, man doors, and LED lighting. Each bay is equipped with one 240V 40 AMP outlet and ten 110V outlets. The building is stick-built construction. The property offers a strong 6.27% capitalization rate with a net operating income (NOI) of $23,500. This is a gross lease, meaning tenants are responsible for gas and electric. This multi-tenant property presents a compelling investment opportunity in a desirable Billings location. The property is zoned for flex, manufacturing, and warehouse uses.

Location Insight

City

Billings

County

Yellowstone

State

Montana

Latitude

45.7606

Longitude

-108.711

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