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California Gateway Acquires 200,000 SF Distribution Center In Belgrade, Montana For $47.7M
SOLD
$47,700,000
Montana
See Similar DealsIndustrial200,000 SF
Sold 09/29/2023
SOLD
California Gateway Acquires 200,000 SF Distribution Center In Belgrade, Montana For $47.7M
201 Frank Road
See Similar DealsIndustrial200,000 SF
Sold 09/29/2023
Summary
MONTANA
Asset Type:Industrial
Price Per Square Foot:$238
Total Square Footage:200,000 SF
Transaction Type:Sale
California Gateway, a private family entity, has purchased a 200,000-square-foot distribution center located at 201 Frank Road in Belgrade, Montana. The industrial property was acquired for a total price of $47.7 million, resulting in a price per square foot of $239.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $47,700,000
- Square Footage: 200,000
- Address: 201 Frank Road, Belgrade, MT
- Market: Belgrade, MT
- Brokers: Brett Warner & Hunter Warner - Lee & Associates
This significant transaction was facilitated by brokers Brett Warner and Hunter Warner of Lee & Associates. They served as the representatives for the buyer, California Gateway, in this deal.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$2,544,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$169,468.02
Cash-on-Cash Return-1.27%
Monthly Debt Service$226,122.34
Annual Debt Service$2,713,468.02
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