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1643 24th Street W
Billings, MT 59102

$358,100 USD

Office Condo For Sale  •  3,747 SF

Property Details

  • Property Type Office
  • Total Building Size 27,000 SF
  • Lot Size 1.53 AC
  • Building Class B
  • Year Built 1984
  • Tenancy Multiple
  • Zoning NO
0 Transit Score
70 Walk Score

1 Unit Available

Name Condo Use Size Price Details
1st Floor - Unit 4, 5, & 6 Office 3,747 SF $358,100 USD
  • Unit Size: 3,747 SF
  • Condo Use: Office
  • Price: $358,100 USD
  • Sale Type: Investment or Owner User
  • Price/SF: $95.57 USD
Description
TRC is leading global consulting, engineering & construction management firm with over 150 offices and 8,000 employees.  Sale includes 3 office condos in the Forest Park Professional Center that have been combined into 1 single office for TRC.  TRC has been a tenant in Forest Park Professional Center for close to a decade.  In 2021, TRC grew from occupying 2 units to occupying 3 units at which time they signed a 5 year lease with a 3 year option to renew.  TRC’s office space was remodeled in 2021 to suit their needs.  With a national tenant, high cap rate and condo association that takes care of all common area maintenance (lawn, snow, building exterior & common area halls/bathrooms), this is a great, low maintenance investment property for new and seasoned investors alike.

Description 

-   1643 24th St W, Ste 4, 5 & 6, Billings, MT
-   3,747 SF Office Condo Investment Property
-   For Sale $358,100
-   8% Cap Rate
-   Net Operating Income = $28,647
-   Tenant is a National Tenant: TRC (www.trccompanies.com/)
-   6 Private Offices
-   Conference Room
-   Break Room
-   Reception Area
-   Open Cubicle Area/Work Space

Property Flyers

Amenities

  • Reception
  • Fully Carpeted
  • High Ceilings

Public Transportation

AirportDriveWalkDistance
Billings Logan International 14 min - 5.0 mi

Parking Details

Parking Available: Yes
Reserved: No
Type: Surface
Included in Rent: Yes
Nathan Matelich, CCIM 406-781-6889 Coldwell Banker Commercial
Nathan Matelich, CCIM 406-781-6889 Coldwell Banker Commercial