2525 Colonial Dr
$3,250,000
2525 Colonial Dr Helena, MT 59601
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About this listing
DESCRIPTION
2525 Colonial Drive - a 19,791 square foot office investment property 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.
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Building Size
19,791 sqft
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Lot Area
2.199 acres
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Year Built
1985
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MLS ID
30072400
Details
- • Annual Tax: $ 69714.0
- • Age: 41-50 Years Old
- • Lot Size: 2-5 Acres
- • Sewer: City
- • Water: City Water
