Mullan Medical Center – FOR SALE
Missoula, MT 59808
Sterling CRE Advisors is pleased to present the opportunity to acquire 2819 Great Northern Loop, (Suites 100, 101, B1-B4) a 6,266± square-foot, Class A, professional office condominium investment property located in Missoula, Montana. This is a well built, professional/medical office condominium building which can accommodate a variety of tenants ranging in size from 790 to 1,850 square feet. The variety of unit sizes allows tenants with expansion needs the ability to grow within the building giving ownership the opportunity for long term retention. Leases are staggered to across six different tenants with leases as long as 5+ years remaining. Several tenants have been in place since the building was built in 2009. Based on 2017 figures, the property is offered at a 6.0% cap rate.
With high visibility off of Mullan Road, 2819 Great Northern Loop is easily identifiable. The property is easily accessible from Mullan Road, between North Reserve Street and W Broadway St.
The property is a low maintenance and management investment alternative with the stability of multiple tenants, staggered leases and clustered medical uses in an in-demand area.