2525 Colonial Drive$3,250,000
Helena, MT
19791.00 SF, 2.20 ACRES
$3,250,000
Property Details
BIG PICTURE
Commercial
19791.00
FT2
2.20
ACRES
Description
2525 Colonial Drive - a 19,791 square foot office building with excess land. The property is located adjacent to St. Peter's Health and near the I-15 interchange. The site, made of two parcels, measures approx. 2.2 acres, and has 118 existing parking spaces. The building has two levels connected by an elevator, with each level offering ground-floor ADA access. It features a 1200-amp, 3-phase electrical service, a 60 kW backup generator, and a full fire suppression system. The upper floor is fully occupied by an existing tenant, providing stable in-place income. The lower level is demised into two separate units, allowing for diversified tenancy; one unit is currently leased while the other remains vacant, offering immediate upside for an owner-user or investor through lease-up or potential owner occupancy. The property is currently performing at a 5.35% cap rate, with a pro forma cap rate of 8.08% upon lease-up. In addition, the investment offers flexibility - the seller has a condo declaration prepared and ready to sign from this year, which would enable units to be sold off individually. Second, the excess land can also be sold, held, or developed.PRICE
$3,250,000
FEATURES
- MLS #: 30072400
- Lot: 95,788.44 sqft
- Commercial
- Built in 1985
- Cooling: Central Air
- Heating: Forced Air, Gas
- Price/sqft: $164.22
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