1106 W Park Street
Other, IA 59047
Pending Sale $3,350,000
Est. P&I payment: $12794.73/mo
Description for 1106 W Park Street, Other, IA 59047
Peoples Company is pleased to exclusively represent the Yellowstone Gateway Mall, a 47,777 square foot multi-tenant retail center in Livingston, MT.
The center offers a strong mix of national and local tenants including The UPS Store, Yellowstone Gifts and Sports, Aestetic Oral Arts, Crust and Crumb Bakery, Pony Express Lube and Upper Cut Salon. The center is anchored by a newly renovated and expanded Ace Hardware store occupying over 15,000 square feet with a lease extending through 2024 and additional renewal options through 2034.
The leases feature rental increases of up to 10% and staggered lease expirations providing investors a strong and stable return. Expenses are shared between tenants, neighboring Shopko and Landlord.
Current vacancy of 10,500 square feet provides tremendous upside potential as 2015 CAP rate approached 4%. The property is projected to cap at 6.5% when fully leased and before scheduled rate increases take effect.
- Property Type: Commercial
- Building Sqft: 47,777
- Street View Param: 1$45.654721$-110.572835$191.26$13.33$1.00$fum0Ld4i_hqg_vJ4u95ooQ
- Square Feet Total: 47,777
- Air Conditioning: Central
- Heat: Gas
- Sewer: City
- Water: City
- Gross Taxes: 45,693.05
- Net Taxes: 45,693.05
Street View Not Available
Directions to 1106 W Park Street, Other, IA 59047
Take Park St. Exit from I-90 west to property on right
The listing information for 1106 W Park Street, Other, IA 59047 was graciously provided by our friends at the listing brokerage, Peoples Company
Get Financing for 1106 W Park Street, Other, IA 59047
All information in this site is deemed reliable but not guaranteed. The property information provided on EXIT Realty Lora & Co.'s websites is for personal, non-commercial use only and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Property information is gathered from third-party resources including the seller and public records. EXIT Realty Lora & Co., Onjax, LLC, its affiliates, owners, subsidiaries and subscribers disclaim any and all representations or warranties as to the accuracy or reliability of the information provided. You should verify all claims through personal inspection and/or contact with the appropriate real estate professionals.
Last Updated 10/23/2017 at 8:03am