Mineral Avenue Offices | 317 Mineral Ave
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Mineral Avenue Offices 317 Mineral Ave
2,500 SF 100% Leased Office Building Libby, MT 59923 $666,585 CAD ($267 CAD/SF) 6.50% Cap Rate
Investment Highlights
- New 15 YR Roof 2021
- New Plumbing Line Installed 2022
- New Exterior Painting 2022
Executive Summary
Good income, listed at a 6.5% cap rate based on 2025 leases currently in place.
Financials accessible in data files available for download here on LoopNet.
Consistently cash flowing investment opportunity with many long-term tenants and historically no vacancy.
Fully leased commercial building located in downtown Libby.
Nicely finished professional office location.
HearUSA is a national tenant, along with three other tenants (a CPA office, a massage therapy office, and a cleaning company) in the building with long-term tenancy.
With many recent improvements including a new 15 YR Roof in 2021, new exterior painting in 2022 and a new sewer plumbing line installed in 2022. Well maintained facility with tenants who are meticulous about cleaning and upkeeping the property. Tenants do nearly all on-site maintenance making this an almost entirely turn-key investment opportunity great for a 1031 exchange or any solid investment.
317 Mineral Avenue is built in the heart of the steadily growing town of Libby, MT which is located in the heart of Montana's breathtaking Cabinet Mountain Range.
Libby is surrounded by endless outdoor activities including fly fishing, hunting, rafting, kayaking, hiking, ATV trails and so much more attracting more and more people to build their businesses, homes and families here.
Financials accessible in data files available for download here on LoopNet.
Consistently cash flowing investment opportunity with many long-term tenants and historically no vacancy.
Fully leased commercial building located in downtown Libby.
Nicely finished professional office location.
HearUSA is a national tenant, along with three other tenants (a CPA office, a massage therapy office, and a cleaning company) in the building with long-term tenancy.
With many recent improvements including a new 15 YR Roof in 2021, new exterior painting in 2022 and a new sewer plumbing line installed in 2022. Well maintained facility with tenants who are meticulous about cleaning and upkeeping the property. Tenants do nearly all on-site maintenance making this an almost entirely turn-key investment opportunity great for a 1031 exchange or any solid investment.
317 Mineral Avenue is built in the heart of the steadily growing town of Libby, MT which is located in the heart of Montana's breathtaking Cabinet Mountain Range.
Libby is surrounded by endless outdoor activities including fly fishing, hunting, rafting, kayaking, hiking, ATV trails and so much more attracting more and more people to build their businesses, homes and families here.
Data Room Click Here to Access
- Operating and Financials
Financial Summary (Actual - 2024) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
---|---|---|
Gross Rental Income | $99,999 | $9.99 |
Other Income | - | - |
Vacancy Loss | - | - |
Effective Gross Income | $99,999 | $9.99 |
Taxes | $99,999 | $9.99 |
Operating Expenses | $99,999 | $9.99 |
Total Expenses | $99,999 | $9.99 |
Net Operating Income | $99,999 | $9.99 |
Financial Summary (Actual - 2024) Click Here to Access
Gross Rental Income (CAD) | |
---|---|
Annual | $99,999 |
Annual Per SF | $9.99 |
Other Income (CAD) | |
---|---|
Annual | - |
Annual Per SF | - |
Vacancy Loss (CAD) | |
---|---|
Annual | - |
Annual Per SF | - |
Effective Gross Income (CAD) | |
---|---|
Annual | $99,999 |
Annual Per SF | $9.99 |
Taxes (CAD) | |
---|---|
Annual | $99,999 |
Annual Per SF | $9.99 |
Operating Expenses (CAD) | |
---|---|
Annual | $99,999 |
Annual Per SF | $9.99 |
Total Expenses (CAD) | |
---|---|
Annual | $99,999 |
Annual Per SF | $9.99 |
Net Operating Income (CAD) | |
---|---|
Annual | $99,999 |
Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment
Sale Condition
1031 Exchange
Property Type
Office
Property Subtype
Building Size
2,500 SF
Building Class
B
Year Built/Renovated
1950/2021
Price
$666,585 CAD
Price Per SF
$267 CAD
Cap Rate
6.50%
NOI
$43,327 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
2,500 SF
Building FAR
0.82
Land Acres
0.07 AC
Opportunity Zone
Yes
Zoning
Business
Parking
5 Spaces (2 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
- Property Manager on Site
- Kitchen
- Central Heating
- Shower Facilities
- Air Conditioning
MAJOR TENANTS Click Here to Access
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease End
- Annie's Cleaning
- Services
- 99,999 SF
- -
- -
- Body Honor Massage
- Health Care and Social Assistance
- 99,999 SF
- -
- -
- HearUSA
- Health Care and Social Assistance
- 99,999 SF
- -
- -
- Melissa I. Beck CPA, P.C.
- Finance and Insurance
- 99,999 SF
- -
- -
Tenant | Industry | SF OCCUPIED | RENT/SF | Lease End | ||
Annie's Cleaning | Services | 99,999 SF | - | - | ||
Body Honor Massage | Health Care and Social Assistance | 99,999 SF | - | - | ||
HearUSA | Health Care and Social Assistance | 99,999 SF | - | - | ||
Melissa I. Beck CPA, P.C. | Finance and Insurance | 99,999 SF | - | - |
PROPERTY TAXES
Parcel Number | 56-4175-03-2-28-07-0000 | Total Assessment | $445,305 CAD |
Land Assessment | $0 CAD | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
Improvements Assessment | $0 CAD | Tax Year | 2024 Payable 2024 |
PROPERTY TAXES
Parcel Number
56-4175-03-2-28-07-0000
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$445,305 CAD
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2024 Payable 2024
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Mineral Avenue Offices | 317 Mineral Ave
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