About 410 Bernard
Seller financing available! 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 W Billings location with good visibility and access, 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, 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.
Features of 410 Bernard
| MLS® # | 351162 |
|---|---|
| Price | $2,500,000 |
| Bathrooms | 0.00 |
| Acres | 3.17 |
| Year Built | 1965 |
| Type | Commercial Sale |
| Sub-Type | Office |
| Status | Active Under Contract |
Community Information
| Address | 410 Bernard |
|---|---|
| Area | (08) West Billings |
| Subdivision | Burlington Northern |
| City | Billings |
| County | Yellowstone |
| State | MT |
| Zip Code | 59101 |
Amenities
| Is Waterfront | No |
|---|
Interior
| Heating | Natural Gas |
|---|---|
| Cooling | Central Air, Other |
| Fireplace | No |
| # of Stories | 1 |
| Stories | One |
| Has Basement | No |
Additional Information
| Foreclosure | No |
|---|---|
| Short Sale | No |
| RE / Bank Owned | No |