Office•Institutional/Governmental•For Sale

40 Enterprise Blvd

40 Enterprise Blvd, Bozeman, Montana 59718

Sale Price $6,585,000
Sale Type Net Lease Investment
Zoning R-O
Bldg Type Single Tenant
Class A
Status Existing
Year Built 2000
Stories 1
Cap Rate 7.23%
Vacancy 100%
Gross Bldg 29,724 SqFt
RBA 29,724 SqFt
Land Area 3.03 Acres
Avail Parking 4/1000SqFt
Net Op Inc $476,385.1
Market Montana
Sub-Market Bozeman
Legal Descr GENESIS BUSINESS PARK SUB, S23, T02 S, R05 E, Lot 8A, ACRES 1.95, PLAT J-284-E
The subject property is one of three buildings in the Genesis Business Park, a fully integrated office campus, that is leased to Oracle Corporation. Oracle's initial term is expiring 3/31/2021, but does have an option term of five years. However, if Oracle were not to renew, an investor could take advantage of the Opportunity Zone designation by doing some renovations and possibly expanding on the over-sized lot of 3.03 acres. The building's layout would be adaptable in creating four leasable areas of approximately 7,000sf each. The property is located just south of Montana State University in highly desirable, Bozeman, MT. Bozeman is an affluent, high-velocity market. Bozeman boasts high-end demographics with multi-million dollar homes, growing population, high barriers to entry, and a landlord-favored leasing market. Conveniently located just south of Montana State University in beautiful Bozeman, Montana.
  • Tenant: Oracle Corporation (NYSE:ORCL)
  • Building Size: 29,724 SF
  • Land Size: 3.03 acres
  • Ownership: Fee Simple
  • NNN lease with annual increases
  • Desirable Market
  • Quality Construction
  • Well Maintained
  • Desirable High-Tech Location.
  • Bozeman is quickly gaining a reputation as a high-tech center
  • Value Add Opportunity perfect for the Opportunity Zone investor.
2/6/2020 5:28:59 PM 3/23/2020 3:18:50 PM
Ryan Springer
Commercial Advisor
NAI Landmark
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