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BearRock Investments LLC
Yellowstone Center
1111-1123 Research Drive, Bozeman, Montana
2 Year Hold | 75% IRR
Sold (inactive)
Purchased 100% lease property and later sold to existing tenant (Yellowstone Club)
Project Type | Source | Size | Acquisition Price | Sale Price |
|---|---|---|---|---|
Office | Industry relationships, on the market | 16,000 square feet in two office buildings | $3,350,000 | $5,900,000 |
The property, a high-quality commercial office building in Bozeman, was originally constructed as Ted Turner’s Montana office headquarters. It later served as leased space for the State of Montana Water Court and Yellowstone Club’s accounting and finance offices.
After a two-year hold period with stable tenancy, we sold the asset directly to the Yellowstone Club in an off-market transaction, achieving an excellent exit price and strong overall return.
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