Commercial Income Property in Toole County Montana

Building description:

Lot size: 43,995 sq. ft.

Building built: 1994     Building square footage: 6,223 main floor     Basement: None

            Construction: Wood framed on slab with brick & Colorlok-type siding, 8’ side walls

            Roof: Composition

            Heat system: Natural gas, forced air   Central air conditioned    2 public bathrooms

            2016 Expenses:

                        Taxes: $4,756.70   Insurance: $2,223.00

                        Repairs: $1,443.51.00       Janitorial: $4,616.92

                        Utilities: $6,282.43   Lawn care & snow removal: $1,060.00

                        All above expenses paid by Owner.

Lease:  Leased to USDA Farm Services Agency  & Natural Resource Conservation Service

            Additional office space leased to TD & H Engineering and KW Insurance.

Current USDA total annual lease payments: $51,171.36  ($4,264.28 / month)

Current TD & H Engineering total annual lease payments: $3,300 ($275.00 / month)

Current KW Insurance total annual lease payments: $6,600 ($550 / month)

2016 Gross Income:  $61,071.36    2016 Total expenses: $24,502.33  Net:  $36,569.03

USDA Lease expires:  December 31, 2018