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6065 - 6073 US Highway 93

18,352 SF 87% Leased Industrial Building Olney, MT 59927 £1,382,517 (£75/SF) 7.30% Net Initial Yield

Investment Highlights

  • Three of four tenants are cannabis related businesses, two grow operations and one testing laboratory.

Executive Summary

Investment Opportunity with a 7.3% CAP Rate! Fully leased, 18k square foot, light industrial, commercial building with four tenants occupying six units. Electric power via six separately metered 75kVA (480V 3PH) services. Three of four tenant uses are cannabis related businesses. There are no applicable covenants and no zoning except for US Highway 93 Scenic Corridor Zoning. No access or tenant inquiries without listing agent accompaniment. Call David Oberlitner at (406) 212-1007, or your real estate professional.

Financial Summary (Actual - 2022) Click Here to Access

Annual Annual Per SF
Gross Rental Income $99,999 $9.99
Other Income - -
Vacancy Loss - -
Effective Gross Income $99,999 $9.99
Taxes $99,999 $9.99
Operating Expenses $99,999 $9.99
Total Expenses $99,999 $9.99
Net Operating Income $99,999 $9.99

Financial Summary (Actual - 2022) Click Here to Access

Gross Rental Income
Annual $99,999
Annual Per SF $9.99
Other Income
Annual -
Annual Per SF -
Vacancy Loss
Annual -
Annual Per SF -
Effective Gross Income
Annual $99,999
Annual Per SF $9.99
Taxes
Annual $99,999
Annual Per SF $9.99
Operating Expenses
Annual $99,999
Annual Per SF $9.99
Total Expenses
Annual $99,999
Annual Per SF $9.99
Net Operating Income
Annual $99,999
Annual Per SF $9.99

Property Facts

Price £1,382,517
Price Per SF £75
Sale Type Investment
Net Initial Yield 7.30%
Property Type Industrial
Property Subtype
Warehouse
  • Light Industrial Research & Development
  • Industrial Manufacturing
  • Industrial Service
Building Class B
Lot Size 3.99 AC
Rentable Building Area 18,352 SF
Number of Floors 1
Year Built/Renovated 1982/2012
Parking Ratio 1.36/1,000 SF
Clear Ceiling Height 10 ft
Level Access Doors 10

Amenities

  • Bio-Tech/ Lab Space

Utilities

  • Water - Well
  • Sewer - Septic Field
  • Heating - Electric

Space Availability

  • Space
  • Size
  • Space Use
  • Condition
  • Available
  • 1st Fl - 2
  • 2,300 SF
  • Industrial
  • Full Build-Out
  • Now

Industrial commercial space, 2300 square feet, for lease with 75kVA (480V 3PH) electric power service and Highway 93 access. A 10' x 10' roll up door with 11.5' clear span ceiling clearance. Well suited for cannabis production or other light industrial uses. Located 11 miles northwest of Whitefish. Occupancy available July 1, 2024. Call David Oberlitner; 406-212-1007, or your real estate professional.

Space Size Space Use Condition Available
1st Fl - 2 2,300 SF Industrial Full Build-Out Now

1st Fl - 2

Size
2,300 SF
Space Use
Industrial
Condition
Full Build-Out
Available
Now

1st Fl - 2

Size 2,300 SF
Space Use Industrial
Condition Full Build-Out
Available Now

Industrial commercial space, 2300 square feet, for lease with 75kVA (480V 3PH) electric power service and Highway 93 access. A 10' x 10' roll up door with 11.5' clear span ceiling clearance. Well suited for cannabis production or other light industrial uses. Located 11 miles northwest of Whitefish. Occupancy available July 1, 2024. Call David Oberlitner; 406-212-1007, or your real estate professional.

zoning

Zoning Code Scenic Corridor (Signage restrictions within the scenic highway corridor.)
Scenic Corridor (Signage restrictions within the scenic highway corridor.)
  • Listing ID: 28128526

  • Date on Market: 03/04/2023

  • Last Updated:

  • Address: 6065 - 6073 US Highway 93, Olney, MT 59927

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