Commercial
516 E Tamarack Street
Bozeman, MT 59715
$9,500,000
ActiveMLS® 415695
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.
Utilities
- Utilities 3 Phase
Land and Lot
- Lot size 2.54 acres (110,642 sq ft)
Location and Zoning
- Zoning description NEHMU
- County Gallatin
- Neighborhood Northeast Bozeman
Schools
- School District Bozeman High School District
Tax and Legal
- Annual tax $69,620.89
- Tax year 2025
- Parcel number RGH21806
- Legal description NORTHERN PACIFIC ADD, S06, T02 S, R06 E, Lot 1A, ACRES 2.1792, PLAT C-23-A36 NORTHERN PACIFIC ADD, S06, T02 S, R06 E, BLOCK 109, ACRES 0.159, TRACT A-1 PLAT C-23-A36 NORTHERN PACIFIC ADD, S06, T02 S, R06 E, BLOCK 108, Lot 2A, ACRES 0.2011
Listing Terms and Financial
- Ownership Full
Parking and Garage
- Garage description 26 Or More
- Garage Assigned, Paved
Listing Information
- Listing Agent
- Ryan Springer
- Co-Listing Agent
- Casey Rose
- Listing Office
- EndState Commercial
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