Skip to main content

Single-Tenant Office

Class A Owner/User Office Building | Priced Well Below Assessed Value

2913 Millennium Cir, Billings, MT 59102

Listing Price: $2,800,000

Cap Rate
1.00%
Gross SF
20,275
Rentable SF
20,275
Price/Gross SF
$138.10
Lot Size
2.83 acres
Year Built
2004

Investment Overview

Marcus & Millichap's Brown Retail Group has been selected to exclusively market for sale a Class A Owner/ User Office Building located in the heart of Billings, MT. The Property is priced at just $123/SF, significantly below replacement cost to build a new facility of comparable size and quality. The Building itself was built in 2004 with high quality masonry and has been regularly maintained. The Building has also undergone recent renovations in 2023 and 2018: the parking lot was sealed and striped in 2023 and a new roof was installed in 2018, with a transferable warranty though 2038. The Property benefits from its location in the heart of Billings MSA's retail and industrial corridor. The Property sits adjacent to Ashley Homestore, Goodwill, the Home Depot, I.Keating Furniture & Mattress, Dollar Tree, Michaels, and Office Depot. There are two I-90 access points nearby, providing easy access to the property from north or south. Within a 5-mile radius, the population has grown over 9% since 2010 with average household incomes at nearly $80,000/year.

Investment Highlights

  • Owner/User Opportunity
  • Priced Significantly Below Replacement Cost
  • High Quality Construction
  • New Roof in 2018 with Transferable Warranty
  • Priced Below Assessed Value
  • Located in a Dominant Trade Area
  • Affluent, High Population Growth Sub-Market

Exclusively Listed By

Broker of Record

  • Adam Christofferson

    Senior Vice President/Division Manager

    (801) 736-2600

    License(s) MT: RRE-BRO-LIC-15748

    Montana

Single-Tenant Office

Class A Owner/User Office Building | Priced Well Below Assessed Value

Listing Price: $2,800,000

Cap Rate
1.00%
Gross SF
20,275
Rentable SF
20,275
Price/Gross SF
$138.10
Lot Size
2.83 acres
Year Built
2004

Investment Highlights

  • Owner/User Opportunity
  • Priced Significantly Below Replacement Cost
  • High Quality Construction
  • New Roof in 2018 with Transferable Warranty
  • Priced Below Assessed Value
  • Located in a Dominant Trade Area
  • Affluent, High Population Growth Sub-Market

Investment Overview

Marcus & Millichap's Brown Retail Group has been selected to exclusively market for sale a Class A Owner/ User Office Building located in the heart of Billings, MT. The Property is priced at just $123/SF, significantly below replacement cost to build a new facility of comparable size and quality. The Building itself was built in 2004 with high quality masonry and has been regularly maintained. The Building has also undergone recent renovations in 2023 and 2018: the parking lot was sealed and striped in 2023 and a new roof was installed in 2018, with a transferable warranty though 2038. The Property benefits from its location in the heart of Billings MSA's retail and industrial corridor. The Property sits adjacent to Ashley Homestore, Goodwill, the Home Depot, I.Keating Furniture & Mattress, Dollar Tree, Michaels, and Office Depot. There are two I-90 access points nearby, providing easy access to the property from north or south. Within a 5-mile radius, the population has grown over 9% since 2010 with average household incomes at nearly $80,000/year.

Exclusively Listed By

Broker of Record

  • Adam Christofferson

    Senior Vice President/Division Manager

    (801) 736-2600

    License(s): MT: RRE-BRO-LIC-15748

    Montana

MM Texture Background
MM Textured Background Lower