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10/27/25
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A private 1031 exchange investor from New York purchased a newly constructed, 52.3k sf Amazon-occupied, single-tenant property located within The Foundry, a 200-acre mixed-use master-planned development in Belgrade, Montana. The sales price was not disclosed.
Located at 104 Brewers Blvd, the Amazon Last Mile Distribution Center was completed in 2025 and sits on 7.36 acres. The facility is strategically positioned within a master-planned community that is expected to house Rosauers Supermarkets, multiple retail pad sites and more than 1,000 residential units.
The Foundry is located along Jackrabbit Lane, one of Montana’s busiest roads with over 24,000 cars per day, and less than a mile from Interstate 90, which has more than 25,400 cars per day. The site is strategically positioned between Bozeman Yellowstone International Airport, Yellowstone National Park, and Big Sky Resort — three major regional destinations that draw millions of annual visitors.
Hanley Investment Group’s Eric Wohl and CJ Kiehler, in association with Venture West Development LLC of Bozeman, MT, represented the seller and project developer. The buyer was repped by Samer Khalil of Newmark, based in Newport Beach. According to Wohl, the listing generated seven qualified offers.
“This property represents the only Amazon distribution facility serving the entire Gallatin Valley, which has experienced more than 40% population growth since 2010,” noted Wohl. “With over 175,000 residents in the service area and no comparable facility within 147 miles, the asset offers long-term strategic value and irreplaceable positioning.”
The Bozeman MSA is one of the fastest-growing regions in the country, with over 121,000 residents within a 15-mile radius and an average household income of nearly $115,000. The airport recently completed a $30 million expansion and recorded 2.6 million passengers in 2024, a 7.2% increase from the prior year, with additional gates planned to accommodate continued growth.
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