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$ 9,500,000
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516 E Tamarack ST Bozeman, MT 59715
33,981 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Building
Listing Status Active
Purchase Type For Sale
Square Footage 33,981 sqft
Price per Sqft $279
MLS Listing ID 415695
Year Built 1958
Annual Tax Amount $69,620
Tax Year 2025
Lot Size 2.540 Acres
Acres 2.54
Property Sub-Type Building
Property Description
516 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.
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.
Location
State MT
County Gallatin
Area Bozeman City Limits
Direction Turn W on E Tamarack St from Rouse. Drive 500 feet. Property on south side of Tamarack
Interior
Fireplace No
Exterior
Parking Features Assigned, Paved
Others
Tax ID RGH21806
Ownership Full
Acceptable Financing Cash, 1031 Exchange, 3rd Party Financing
Listing Terms Cash, 1031 Exchange, 3rd Party Financing
Special Listing Condition None
Listed by EndState Commercial