1. Montana
  2. Billings
  3. 410 Bernard
$2,500,000

410 Bernard, Billings, MT 59101

  • 34,800 sqft
  • Property Icon Commercial Property
  • Property Year Built Icon Built in 1965
  • Property Lot Size Icon3.17acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $72/sqft
  • Property List Date Icon Listed 2 months ago

Property Description

Great industrial investment opportunity that’s had a long term tenant and a new 5 year lease just put in place offering an 8% CAP rate. Rent escalators in 2026 and 2028, which will be an average of the 2 years CPI adjustment. Situated in a prime west Billings location with good visibility and access to everything, the 3+ acre property includes a paved and fenced storage yard and ample office parking. New 5 year lease through 11/30/2029 at $198k NOI, NN. Approx 5600 sq ft of office & 29,200 sq ft of shop, featuring 9 OH doors, wash bay, 3 phase power, large open reception with cubicles, 9 private offices (many oversized with 2 desks) conference room, break room, locker room, 2 bathrooms (1 newly remodeled ADA bathroom). Over $300k in recent updates, incl roof, asphalt, furnaces, bathroom and all new LED lighting, which takes care of the majority of owners responsibilities in the lease.

Listing Status:
Active
Date Added:
March 12, 2025 at 05:00AM
Listing Office:
THE Agency Montana : (406) 800-1222
Listing Agent:
Lauren Bond : (406) 800-1222
MLS ID:
351162
  • A/C: Central AirOther
  • Heating: Natural Gas

This listing courtesy of Lauren Bond, THE Agency Montana

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

W

Washington School

1044 Cook Ave, Billings, MT, 59102

Grades PK-5

0.77 miles away

L

Lewis & Clark Middle School

1315 Lewis Ave, Billings, MT, 59102

Grades 6-8

1.35 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.