New Listing516 E Tamarack is 2.54 acres of NEHMU-zoned land inside Bozeman city limits, blocks from downtown and the Cannery District, improved with a 33,981 SF industrial building. At closing, Lattice Materials, an affiliate of the seller, leases it back at a triple-net rate of $17.00/SF for two years, plus a one-year option. Year one of the lease would yield $577,677, with 3% increases. The going-in cap rate is 6.08% at the $9,500,000 ask. Tenancy disclosure: This is a sale-leaseback. The tenant is related to the seller, and the lease begins at closing rather than continuing from a prior term. The two-year term, the $17.00 per square foot starting rent, and the 3% annual increases are proposed terms that will be documented in the purchase agreement. There is no executed lease.
| MLS # | 415695 |
|---|---|
| Listing Type | For Sale |
| Style | Building |
| Sub-Type | Resale |
| Status | Active |
| Year | 1958 |
| Days On Site | 1 |
| Listing Provided By | EndState Commercial | Ryan Springer |
| SQ Feet | 33,981 |
|---|---|
| Zoning | NEHMU |
| Acreage | 2.54 |
| Parking Features | Assigned, Paved |
|---|
| Tax Annual Amount | 69620.89 |
|---|
| State | MT |
|---|---|
| County | Gallatin |
| City | Bozeman |
| Zip Code | 59715 |
| Area | Bozeman City Limits |
| Subarea | 1NE Boz N of Main | E of 19th |
| Listing VS Median (in 59715) | |
Price: $9,500,000 low | high Med: $895,000 sqft: 33,981 low | high Med: 3,391 $ / sqft: $280 low | high Med: $265 On site: 1 low | high Med: 136 | |
| State | MT |
|---|---|
| County | Gallatin |
| City | Bozeman |
| Zip Code | 59715 |
| Area | Bozeman City Limits |
| Subarea | 1NE Boz N of Main | E of 19th |
| Listing VS Median (in 59715) | |
Price: $9,500,000 low | high Med: $895,000 sqft: 33,981 low | high Med: 3,391 $ / sqft: $280 low | high Med: $265 On site: 1 low | high Med: 136 | |