Listed by Silvercreek Realty Group
$2,692,000
The Art Block | 6.7% CAP NNN Multi-tenant Investment
Details
Property Type Industrial, Mixed Use
Sub Type Creative Office, Flex
Square Footage 13,673
Net Rentable (SqFt) 13,113
Units 7
Cap Rate 6.7%
NOI $180,375
Occupancy 100%
Tenancy Multi
Lease Type NNN
Rent Bumps Yes
Price per SqFt $197
Class B
Year Built 1989
Year Renovated 2023
Buildings 1
Stories 2
Acreage 0.350
Zoning C-2
Parking Spaces 13 spaces
Parking Per SqFt 0.95
Investment Type Stabilized
Tenant Credit Credit Rated, No Credit Rating
Ground Lease No
Ownership Single
6.7% CAP NNN Multi-tenant Investment | Garden City
Marketing description
Property Investment Idaho is pleased to present The Art Block, an exceptional turn-key investment opportunity in Garden City, Idaho. This completely renovated mixed-use property, formerly housing two tenants, now offers seven versatile units seamlessly blending retail, office, and warehouse spaces. Positioned off Chinden Boulevard with 37,500 VPD, The Art Block boasts prime accessibility to Downtown Boise and the I-84 connector, appealing to a diverse range of tenants. Under market rent provide attractive upside potential. The Art Block stands as a solid investment choice in this high-demand location. Please do not disturb tenants. Call agent to schedule showing.
Investment highlights
- Demised building into 7 units
- Added two front exterior entrances
- Brought building up to code
- All suites have been fully remodeled
- All new windows
- All new exterior doors
- Added four new ADA bathrooms
- Exterior paint 2022
- Landscaping & irrigation
- New insulation / grid ceiling upstairs
- New interior lights
- New halo lit building sign & directory
- Fab keyless entry for upstairs suites
- Warehouse with HVAC & new lights
- New exterior lights
- New exterior and interior paint
- New fence & gate for yard
- Remodeled bathrooms
- New metal awnings
- New roof 2018
- Custom mural by local artists
- Full list upon request
Listing Contacts
Listed by Silvercreek Realty Group
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$180,375.00
$15,031.25/mo
Valuation Metrics
0
DSCR
6.7%
Cap Rate
6.7%
ROI
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