Offering Memorandum The Reserve Medical Center | Missoula, MT

[Pages:5]Offering Memorandum

The Reserve Medical Center | Missoula, MT

Medical Office Investment Opportunity

The Reserve Medical Center 2875 Tina Avenue

Offering Memorandum

PREPARED BY

CONNOR MCMAHON

Connor@ 406-370-6424

MATT MELLOTT, SIOR, CCIM Matt@ 406-203-3950



OFFERING OVERVIEW

Sterling CRE Advisors is pleased to present investors the opportunity to acquire The Reserve Medical Center (RMC) at 2875 Tina Avenue, a ?40,170 square foot, state of the art medical office building located in Missoula, Montana.

This high end facility was built in 2000 as a cancer research center. Since then, it has been well maintained with several interior renovations that have transitioned the building into a multi-tenant medical office facility. Currently the building is 84.8% leased on the main floor, with the two main tenants being Five Valleys Urology and Providence Health, with leases in place through August 2026 and July 2023 respectively. The interior is beautifully designed with high ceilings, curved walls and architectural beams. A ?14,864 square foot shell lower level, originally designed for lab and operatory space, is an ideal blank canvas to design additional offices or in-demand lab space.

The ?2.8 acre parcel allows for ample parking, a portico for patient drop off, heated sidewalks and an RFID entry system are thoughtful details any medical provider will value. The grounds have mature and well maintained landscaping.

RMC's location is easy to access off of North Reserve Street, Interstate 90 and the Bitterroot Valley. North Reserve Street is Missoula's main commercial corridor, home to a variety of national retailers, restaurants and service providers.

For an investor, this is an opportunity to own a high quality medical office building below replacement cost with established medical tenants while also obtaining significant value add upside potential. Lab space, conditioned storage, and/or small flex-office arrangements, once built out in the shell-condition basement, would meet market demand and increase the property's cash flow.

PRICE:

$7,100,000

ADDRESS:

2875 Tina Missoula, MT 59808

PROPERTY TYPE: Medical Office

YEAR BUILT:

2000

TOTAL ACREAGE: ?2.8 Acres (Per CAMA)

BUILDING SIZE:

?24,384 SF Main Floor ?15,786 SF Basement ?40,170 SF Total

ZONING:

C2-4/EC

GEOCODE:

04-2200-18-1-01-02-0000

PROPERTY TAXES: $89,460.88 (2020)

FEATURES:

Ample Parking Covered, pull up entrance Heated sidewalks RFID entry system Below replacement cost Bright, attractive space

2875 Tina | 4

2875 Tina | 5

INVESTMENT HIGHLIGHTS

Convenient to Interstate 90, retail services & the major medical hospitals & offices

Compressed oxygen available throughout

Thoughtful entrance for patients- heated sidewalks,

portico

Light filled modern spaces with clean finishes

?15,786 square feet of shell space that ideal for office or

lab development

High quality, long term tenants well established in

the Missoula market

2875 Tina | 6

7 Minutes to Missoula International Airport

5 Minutes to I-90

11 Minutes to Community Medical Center/Billings Clinic

10 Minutes to Providence St Patrick Hospital

2875 Tina | 7

SUMMARY3|02T3ax M302a1p

3031

DRIVEWAY

DRIVEWAY

3001

TIN

2904

A AVE

2902

3063

SERVICE

3075

3055

3045

TINA AVE

SERVICE SERVICE

SERVICE

3620

3600

2875

2995 2996

DRIVEWAY

2915

SERVICE E

Date: 5/31/2021

2875 Tina | 8

DRIVEWAY

SERVIC

3530

3520 3500

SERVICE

2865

2845

2825

AMERICAN WAY

AMERICAN WAY

RADIO WAY

Source: Esri, DigitalGlobe, GeoEye, Earthstar Geographics, CNES/Airbus DS, USDA, USGS, AeroGMRIDile, s 0 0.010.01 I0G.N0,3and0th.0e4GIS U0s.e0r6Com0m.0u7nity

2755

Map Cen2te7r:3X7: -114.04151 - Y: 46.89182

3502

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user. Missoula County does not warrant that the information is either complete or accurate. No representation, warranties or covenants of any kind are made

by Missoula County. Before acting on the information contained on this page the user should consult original documents.

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