Blackmore Bend Office

Property Overview

Blackmore Bend Office is a mixed-use building located at 200 Highland Boulevard in Bozeman, Montana.

Challenge

Our team was engaged to identify and secure a suitable replacement property for a repeat client completing a 1031 exchange. The buyer needed to identify a qualifying asset that met their investment criteria while adhering to the strict timelines and requirements of a tax-deferred exchange. Finding an office condo property of this caliber in a market like Bozeman required focused outreach and a clear understanding of the client's goals.

Action

Drawing on our existing relationship with the client, we focused the search on single-tenant, net-leased office assets that aligned with the exchange requirements. When Blackmore Bend property came to market, we evaluated it against the client's criteria and moved efficiently through the acquisition process. Our familiarity with the client's objectives allowed us to streamline due diligence and keep the transaction on track within the exchange timeline.

Result

• Secured a 5,980 SF single-tenant office condo built in 2019
• Purchase price of $2,292,000 ($383 per SF)
• Successfully completed a 1031 exchange acquisition for a repeat client
• On-market transaction executed with the buyer represented by our team