TITLE:
$530K+ Secure, Passive, Income in Belgrade, MT @ 6.5% CAP
CONTROL:
Exclusive
VALUE:
$8,150,000
LOAN:
$2,200,000
EQUITY:
$5,950,000
TYPE:
Industrial
HAVE:
Multi-year option to buy NNN Leased industrial property in Belgrade, Montana for a total price (Option and Property) of $8.15M. Multiple 4+ year NNN leases (with CPI, with 3% mini. annual bumps). Property is in good shape. Low end market rates.
ADDRESS:
Amsterdam Rd., Belgrade, Montana
BENEFITS TO NEW OWNER:
Opportunity to buy a secure, passive income stream in the desirable Gallatin Valley, MT at below market price. Management available. Ideal 1031 Opportunity.
GROSS SCHEDULED INCOME:
$541,000 Actual
VACANCY LOSS:
$7,000
GROSS EFFECTIVE INCOME:
$534,000
EXPENSES:
$2,000
NOI:
$532,000
DEBT SERVICE:
$212,676
CASH FLOW:
$319,324
CAP RATE:
6.53%
BENEFITS SOUGHT:
Convert option equity into secure passive income stream in business-friendly state. Will go up, down or sideways with $1M option equity. Use it as a down, convert it to a note, etc.
CAN ADD:
$1.2M leased office building on Main Street Belgrade, MT, some cash, signature, just ask.
REMARKS:
Client bought option when property was effectively vacant. It is now fully occupied. Now looking to activate equity and can get creative. Gallatin Valley, MT market rates are under 6.5% CAP with properties selling recently under 5% CAP.
COUNSELOR:
Don Lint
Realty Executives of Gallatin Valley
Bozeman, Montana, 59715
