Listed by TOK Commercial
$5,900,000
Premier Redevelopment Opportunity
Details
APN R7399350437
Property Type Industrial, Mixed Use
Sub Type Commercial, Flex
Square Footage 61,969
NOI $517,200
Occupancy 100%
Lease Type NNN
Buildings 2
Acreage 1.730
Zoning Mx-5DD mixed-use, downtown design & development
Industrial | 61,969 SqFt
Marketing description
304 Americana delivers a rare opportunity to purchase a significant commercial real estate asset directly outside Boise's downtown core, immediately adjacent to the I-184 connector.
This property is currently operated as an office/warehouse and cold storage facility and sits on a 1.73-acre parcel.
304 Americana delivers unique visibility, fronting the high-traffic freeway spur, as one of the first visible buildings to traffic inbound to Boise’s downtown amenities, major employers, and educational institutions.
The property is ideally located between downtown and the major wave of development happening in Boise's West End — including the future CWI campus, St. Luke’s new Orthopedic Care Center, and a variety of major multifamily developments.
Easily accessed and interconnected with the most populous areas of the Treasure Valley, the property is minutes from Boise State University, I-84, the airport, the Boise River and Greenbelt, central Boise, the North End, and the rapidly developing West End.
Zoned for Mixed-Use Downtown Design and Development (MX-5DD), 304 Americana is primed for a large-scale office, commercial, institutional, or residential development in Boise’s River Myrtle-Old Boise Redevelopment District.
Future ownership of the property will benefit from the income of three in-place leases, during planning and development, with the ability to terminate with 6 months’ notice. The seller, Boise Cold Storage, will sign a lease at closing to remain in place until its new facility is completed and operational in mid-2026.
Investment highlights
- 100% occupied with three tenants.
- Active Artesian well serving the property.
- First year NOI of $517,200.
- Exceptional visibility to I-184 Connector traffic.
- Close proximity to downtown Boise employers, retailers, services, medical and Boise State University.
- Building sizes 61,969 + SF Total
- B 1 49,621 SF
- B 2 12,348 SF
- 3 Phase Power
Listing Contacts
Listed by TOK Commercial
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$517,200.00
$43,100.00/mo
Valuation Metrics
0
DSCR
8.77%
Cap Rate
8.77%
ROI
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