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U.S. Forestry Services Regional Office
650 Wolfpack Way, Kalispell, MT 59901
Actual Site Photo
Last Verified 11/13/2009
Listing ID 16274015
Highlights
TENANT IS THE UNITED STATES OF AMERICA- NON-CANCELABLE 15 YEAR TERM!!!
- High Quality Construction
- Stable & Reliable Income Stream
- CANNOT MATCH THE CREDIT
- ATTRACTIVE 10/30 DEBT AVAILABLE
Description
The subject property is a build-to-suit office building, fully leased to the United States of America' s Forestry Service, located in Kalispell, Montana. The property consists of a 28,120 sf building on a 4 acre parcel. The Government' s commitment to this facility is confirmed by the rare 15-year non-cancelable lease term. The Seller will continue to handle all property management making this investment ideal for a passive investor seeking the most secure income stream. The improvements are subject to a 99 year Ground Lease with the State of Montana. The ground lease rent is flat for the initial 20 years, concurrent with the U.S Forestry lease term. The Ground Lease is renewable for 99 years. We have received an attractive debt quote for 65% LTV with a 30 year amortization. Call for details.
The Tenant has consolidated multiple nearby locations into this facility located near the intersection of Stillwater Rd. and Reserve Drive one mile west of the Spring Prairie retail development (Costco, Lowe' s Home Improvement, Home Depot, Target, TJ Maxx, Best Buy, Petco, Ross, Bed Bath & Beyond, Pier 1 Imports, McDonald's, Wells Fargo, Famous Dave's and others). This attractive single-story facility consists of 28,120 net rentable sf of office and related space. Two additional government related office building are planned adjacent to this U.S. Forestry facility (Land Management & 911).
Map of 650 Wolfpack Way, Kalispell, MT 59901 (Flathead County)
Created 6/10/2009
The information above has
been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified
it and make no guarantee, warranty or representation about it. It is your responsibility to independently
confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are
for example only and do not represent the current or future performance of the property. The value of
this transaction to you depends on tax and other factors which should be evaluated by your tax, financial,
and legal advisors. You and your advisors should conduct a careful, independent investigation of the
property to determine to your satisfaction the suitability of the property for your needs. TB-P