54359 Us-2Glasgow, MT 59230
- Industrial properties
- 6,560 SF
Property Details for 54359 Us-2
- Year built
- 1959
- Lot size
- 2.87 AC
- Property size (Sq ft)
- 6,560 SF
- Property type
- Industrial properties
- Property subtype
- Other warehouses
Description
This exceptional investment opportunity presents a portfolio of four industrial properties located across Montana, totaling 32,320 net rentable square feet. Each property is individually net-leased to H&E Equipment Services, Inc., a leading equipment rental company, under a single-tenant lease structure. The portfolio boasts a strong 7.25% cap rate and a substantial net operating income (NOI) of $380,997. The leases feature a remaining term of approximately 9.2 years, with two 5-year renewal options and attractive 3% annual rent increases. The properties are situated on land parcels ranging from 2.87 to 7.09 acres, and building sizes range from 6,560 to 9,560 square feet. Built between 1959 and 2019, these facilities serve as equipment rental yards, with a significant portion of inventory stored outdoors. The properties offer ideal floor area ratios (FAR), averaging 3.46%, providing flexibility for future uses. The portfolio's location in Montana benefits from a robust construction sector, experiencing a 17.5% increase in construction jobs from 2018 to 2023, creating strong demand for rental equipment. This portfolio offers a compelling combination of strong tenant occupancy (100%), long-term lease stability, and significant upside potential. The asking price for this exceptional investment is $5,255,000.
Location Insight
- City
- Glasgow
- County
- Valley
- State
- Montana
- Latitude
- 48.1891
- Longitude
- -106.596
Comparable in this City
Similar Nearby for Sale
FAQs
- How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
- Please email our support team at [email protected] and they will add the team member.
- How do I access a private listing?
- Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
- How can I contact the broker?
- We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
- How do I unsubscribe from emails?
- At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].