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970 S 29th St W 22,525 SF 100% Leased Office Building Billings, MT 59102 $9,992,000 ($443.60/SF) 7.25% Cap Rate

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Investment Highlights

2 tenants, NNN fully leased investment. Fee Simple Interest.
Healthy annual rent escalations. CAP Rate 7.25%
West End Billings Bike path sits behind the building.

Global tenants - HDR Engineering (1/2028), Brinks (3/2028)
2 buildings connected by a skybridge.
Irrigation shares for the lawn.

Executive Summary

This offering consists of 2 buildings connected by a sky bridge. The South Building, fronting on Millennium Dr. was built in 2007 and contains approximately 22,525 sf of rentable office space. Immediately to the North, across the sky bridge 970 S 29th St W was built in 2015 and contains approximately 20,673 sf of rentable office space. The total site size is approximately 3.9 acres. HDR Engineering “HDR” has been a tenant since construction in 2007 and occupies 78% of the rentable square footage. Payment Alliance International “PAI” (a subsidiary of publicly traded Brinks $BCO) occupies the balance of the space, 22% of the rentable square footage. 4.6± additional acres available for sale North of Subject Property for extra space or further development. Ask agent for details.

Flyer - 2909 Millennium Booklet

Property Facts

Sale Type

Investment NNN

Sale Condition

1031 Exchange

Property Type

Office

Building Size

22,525 SF

Building Class

Year Built

2008

Price

$9,992,000

Price Per SF

$443.60

Cap Rate

7.25%

NOI

$724,420

Percent Leased

100%

Tenancy

Multiple

Building Height

2 Stories

Typical Floor Size

11,263 SF

Building FAR

0.13

Lot Size

3.96 AC

Conferencing Facility
Courtyard

Signage
Skyway

Wheelchair Accessible
Reception

Air Conditioning

Professional, Scientific, and Technical Services
99,999 SF
-
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HDR is a global professional services firm headquartered in Omaha, Nebraska, specializing in architecture, engineering, environmental, and construction services. Founded in 1917 as Henningson Engineering Company, HDR has grown into an employee-owned organization with more than 200 offices worldwide. The firm provides integrated solutions for infrastructure, building design, and environmental projects across multiple sectors, including transportation, water, energy, and healthcare. HDR is recognized for its multidisciplinary approach, combining technical expertise with innovative design to deliver sustainable and high-performance solutions. Over its century-long history, HDR has expanded through strategic acquisitions and organic growth, establishing itself as a leader in the architecture and engineering industry. The company remains privately held and continues to focus on advancing communities through collaborative and forward-thinking design.

Payment Alliance International (Brinks $BCO)
Finance and Insurance
99,999 SF
-
Lorem Ipsum
Jan 0000

Tenant	Industry	SF Occupied	Rent/SF	Lease Type	Lease End
	Professional, Scientific, and Technical Services	99,999 SF	-	Lorem Ipsum	Jan 0000
Payment Alliance International (Brinks $BCO)	Finance and Insurance	99,999 SF	-	Lorem Ipsum	Jan 0000