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1643 24th Street W 3,747 SF Office Condo Unit Offered at $498,296 CAD in Billings, MT 59102

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EXECUTIVE SUMMARY

- 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 FACTS

Total Building Size	27,000 SF	Typical Floor Size	13,500 SF
Property Type	Office (Condo)	Year Built	1984
Building Class	B	Lot Size	1.53 AC
Floors	2
Zoning	NO - Neighborhood Office

Total Building Size	27,000 SF
Property Type	Office (Condo)
Building Class	B
Floors	2
Typical Floor Size	13,500 SF
Year Built	1984
Lot Size	1.53 AC
Zoning	NO - Neighborhood Office

Reception

Fully Carpeted

High Ceilings

1 UNIT AVAILABLE

Unit 4, 5, & 6

Unit Size	3,747 SF	Sale Type	Investment or Owner User
Price	$498,296 CAD	Cap Rate	8.00%
Price Per SF	$132.99 CAD	NOI	$39,862.30 CAD
Condo Use	Office

Unit Size	3,747 SF
Price	$498,296 CAD
Price Per SF	$132.99 CAD
Condo Use	Office
Sale Type	Investment or Owner User
Cap Rate	8.00%
NOI	$39,862.30 CAD

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.