12 Penny Lane LN Gallatin Gateway, MT 59718
40,111 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Building
Listing Status Active
Purchase Type For Sale
Square Footage 40,111 sqft
Price per Sqft $281
MLS Listing ID 409921
Year Built 2015
Annual Tax Amount $32,549
Tax Year 2025
Lot Size 2.500 Acres
Acres 2.5
Property Sub-Type Building
Property Description
Net Leased Showroom & Fabrication Facility
Single Tenant | Purpose Built | Resort Market Exposure
Offered at $10,959,000.
7.25% Cap Rate
Executive Overview
12 Penny Lane offers investors the opportunity to acquire a fully leased, mission critical commercial facility serving Montana's premier luxury residential construction markets, including Big Sky, Yellowstone Club, Spanish Peaks, and Moonlight Basin. The property is 100% leased to Earth Elements LLC under a newly structured modified NNN lease that delivers durable income, minimal landlord responsibilities, and built in annual rent growth.
Originally purpose built in 2017 with over $4 million in specialized improvements, the facility functions as a destination showroom, fabrication hub, and corporate headquarters. The building's highly customized nature significantly reduces tenant relocation risk and provides strong long term income security.
Investment Highlights
• 100% Occupied, Single Tenant Asset
New arm's length lease with established operating tenant
• Strong In Place Cash Flow
Net Operating Income of approximately $819,726.
• Modified NNN Lease Structure
Flat $3.00/SF expense recovery with no annual reconciliation
• Annual Rent Growth
3% annual escalations on base rent
• Purpose Built, Non Commodity Real Estate
Irreplaceable showroom and fabrication infrastructure
• High Barrier Resort Market Location
Limited competing inventory for comparable uses
• Replacement Cost Support
Insured building replacement value of $7.29M (exclusive of land)
Property Description
Address: 12 Penny Lane, Gallatin Gateway, MT 59730
Property Type: Commercial — Showroom / Fabrication / Warehouse
Total Rentable Area: 38,563 SF (inside wall measurement)
• Office / Showroom: 16,288 SF
• Warehouse / Fabrication: 23,823 SF
The property features a custom architectural façade, extensive glass storefront exposure, and seven fully built out showroom departments serving architects, designers, and high net worth clientele. The rear fabrication area includes advanced CNC machinery, water jet cutting, overhead crane systems, and loading dock access—creating a vertically integrated operational environment.
Location
State MT
County Gallatin
Area Greater Bozeman Area
Direction Four Corners to 191 S to Gateway Left Side East side Penny Lane Earth Elements Building.
Interior
Heating Electric, Forced Air, Radiant Floor, Radiant
Cooling Central Air
Fireplace No
Exterior
Parking Features Common, Paved
Utilities Available Electricity Connected, Natural Gas Available, Phone Available, Septic Available
Water Access Desc Well
Building
Sewer Septic Tank
Water Well
Others
Tax ID 00RHF43242
Ownership Full
Acceptable Financing Cash, 1031 Exchange, 3rd Party Financing
Listing Terms Cash, 1031 Exchange, 3rd Party Financing
Special Listing Condition None
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