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6065 - 6073 US Highway 93 18,352 SF 100% Leased Industrial Building Olney, MT 59927 $1,750,000 ($95.36/SF) 8.51% Cap Rate

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INVESTMENT HIGHLIGHTS

  • Five of six tenants are cannabis related businesses, two grow operations, two edible manufacturers and one testing laboratory.

EXECUTIVE SUMMARY

A great investment Opportunity with a +8.0% CAP Rate! This fully leased, 18k square foot, six unit, light industrial building is occupied by five tenants that are cannabis related businesses including two grow operations, two edible manufactures, and a testing laboratory. The sixth tenant is an injection molding plastics manufacturer. Electric power is provided via six separately metered 75kVA (480V 3PH) services. There are no applicable covenants and no zoning regulations except for US Highway 93 Scenic Corridor Zoning. Available financing options include seller, third-party private, and bank financing. No access or tenant inquiries permitted without listing agent accompaniment.

FINANCIAL SUMMARY (ACTUAL - 2024)

ANNUAL ANNUAL PER SF
Gross Rental Income $190,980 $10.41
Other Income - -
Vacancy Loss - -
Effective Gross Income $190,980 $10.41
Taxes $7,887 $0.43
Operating Expenses $34,194 $1.86
Total Expenses $42,081 $2.29
Net Operating Income $148,899 $8.11

FINANCIAL SUMMARY (ACTUAL - 2024)

Gross Rental Income
Annual $190,980
Annual Per SF $10.41
Other Income
Annual -
Annual Per SF -
Vacancy Loss
Annual -
Annual Per SF -
Effective Gross Income
Annual $190,980
Annual Per SF $10.41
Taxes
Annual $7,887
Annual Per SF $0.43
Operating Expenses
Annual $34,194
Annual Per SF $1.86
Total Expenses
Annual $42,081
Annual Per SF $2.29
Net Operating Income
Annual $148,899
Annual Per SF $8.11

PROPERTY FACTS

Price $1,750,000
Price Per SF $95.36
Sale Type Investment
Cap Rate 8.51%
Property Type Industrial
Property Subtype
Warehouse
  • Flex Research & Development
  • Industrial Manufacturing
  • Industrial Service
Building Class B
Lot Size 3.99 AC
Rentable Building Area 18,352 SF
No. Stories 1
Year Built/Renovated 1982/2012
Parking Ratio 1.36/1,000 SF
Clear Ceiling Height 10’
No. Drive In / Grade-Level Doors 10
Zoning Scenic Corridor - Signage restrictions within the scenic highway corridor.

UTILITIES

  • Water - Well
  • Sewer - Septic Field
  • Heating - Electric

MAJOR TENANTS

  • TENANT
  • INDUSTRY
  • SF OCCUPIED
  • RENT/SF
  • LEASE TYPE
  • LEASE END
  • Analytical Testing Laboratory
  • Services
  • 2,900 SF
  • $12.41
  • Modified Gross
  • -
  • Cannabis Edibles Manufacturer
  • Manufacturing
  • 2,300 SF
  • $12.00
  • Modified Gross
  • Mar 2027
  • Cannabis Grow Operation
  • Agriculture, Forestry, Fishing and Hunting
  • 2,200 SF
  • $10.39
  • Modified Gross
  • Sep 2025
  • Injection Molding Plastics Manufacturer
  • Manufacturing
  • 4,400 SF
  • $9.82
  • Modified Gross
  • Dec 2026
TENANT INDUSTRY SF OCCUPIED RENT/SF LEASE TYPE LEASE END
Analytical Testing Laboratory Services 2,900 SF $12.41 Modified Gross -
Cannabis Edibles Manufacturer Manufacturing 2,300 SF $12.00 Modified Gross Mar 2027
Cannabis Grow Operation Agriculture, Forestry, Fishing and Hunting 2,200 SF $10.39 Modified Gross Sep 2025
Injection Molding Plastics Manufacturer Manufacturing 4,400 SF $9.82 Modified Gross Dec 2026

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
07-4402-34-3-01-01-0000
Land Assessment
$0 (2025)
Improvements Assessment
$0 (2025)
Total Assessment
$1,595,000 (2025)
Annual Taxes
$7,887 ($0.43/SF)
Tax Year
2024 Payable 2025
  • Listing ID: 28128526

  • Date on Market: 4/3/2023

  • Last Updated:

  • Address: 6065 - 6073 US Highway 93, Olney, MT 59927

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