516 E Tamarack ST, Bozeman, MT 59715
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Marie McSpadden

Marie McSpadden

+1(406) 223-6195
$ 9,500,000
Est. payment | /mo

33,981 SqFt

Save
$ 9,500,000
Est. payment | /mo
Save

33,981 SqFt

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.

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

Nearby Locations

Marie McSpadden

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(406) 223-6195

marie@haystackpropertiesmt.com

116 East Story, Bozeman, Montana 59715, USA

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516 E Tamarack ST