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20872407
20872426

228 Mcghee Road, Kootenai, ID 83840

CB
WA 17737, ID SP36552
NAI Black
DB
WA WA12150
NAI Black
Listed by NAI Black
$9,900,000
549 days on market
Updated 25 days ago

Sandpoint Technology Center

Details
Property Type Office, Industrial
Sub Type Traditional Office, Flex (+1)
Square Footage 219,380
Occupancy 61%
Tenancy Multi
Lease Type Gross
Rent Bumps Yes
Pro-Forma Cap Rate 16.24%
Pro-Forma NOI $1,608,239
Price per SqFt $45
Class A
Year Built 1990
Year Renovated 2022
Buildings 3
Acreage 12.000
Investment Type Value Add
Tenant Credit Credit Rated, Corporate Guarantee (+1)
Loading Docks 9
Dock High Doors 5

Sandpoint Technology Center - 219,380 SF former corporate campus with 3 buildings on 12 acres

Marketing description

Nestled in breathtaking North Idaho, the Sandpoint Technology Center offers a rare blend of functionality and charm on 12 scenic acres in Sandpoint, Bonner County. Originally built in 1990 as the headquarters for Coldwater Creek, this property was reimagined in 2022 following its transformation by L3M after their 2015 acquisition.

This multi-building campus is thoughtfully designed to meet diverse business needs. The centerpiece is 120,000 sq ft of office space, highlighted by a striking three-level atrium, a 220-seat auditorium, and a data center with colocation space. Complementing the office facilities are 97,540 sq ft of warehouse space, which includes a freestanding 17,540 sq ft warehouse, and a 3,620 sq ft support building.

Currently 61% occupied, the site boasts a dynamic mix of tenants, including medical and automotive manufacturers, real estate firms, nonprofits, government organizations, and healthcare businesses. Prominent names like STGi and Polaris add to its prestige.

Conveniently located at 52 and 130 McGhee Road and 35 Litehouse Drive, near the Washington border, the Sandpoint Technology Center combines modern infrastructure with the beauty of North Idaho’s natural surroundings. This property represents a unique opportunity for businesses seeking an adaptable and inspiring location to thrive.

Investment highlights

Highlights

  • Prime Commercial Real Estate: Comprised of three buildings—The Chairman’s Building, The High Bay Building, and The Multipurpose Building—set in a scenic, park-like setting in Bonner County, Idaho.

  • Ample Space: Features approximately 80,000 sq. ft. of high-bay warehouse/distribution space and 120,000 sq. ft. of Class A office space ideal for growing technology companies.

  • Main Building (198,745 sq. ft.): Equipped with:

    • Dramatic, three-level atrium

    • Data Center/Server Room with CoLo space

    • State-of-the-art auditorium and several conference rooms

    • Athletic facility with basketball court and spa

    • Potential for 7 dock-high doors and 2 drive-in doors

  • Support Facilities: Includes a 3,620 sq. ft. executive office building and a freestanding 17,540 sq. ft. warehouse.

  • Parking: Spacious, well-lit parking areas with 358 spaces on-site and an additional 200 spaces across the street, offering dramatic views of Schweitzer Mountain.

Location & Accessibility

  • Located in Sandpoint, Idaho, within the Idaho Panhandle, a region experiencing explosive growth.

  • Proximity to key transportation routes:

    • U.S. Highway 95 (north/south)

    • Highways 200 & 2 (east/west)

    • BNSF and Union Pacific Railroads

  • Nearby landmarks include Lake Pend Oreille and Schweitzer Mountain Ski Resort, major tourism drivers.

Tenant Opportunities

  • Campus-Style Setting: Totaling 220,000 sq. ft. on 12 acres, this versatile property is suitable for a single user or can be subdivided for multi-tenant occupancy.

  • Surrounded by thriving businesses and top employers such as Bonner General Hospital, Litehouse Dressing, Thorne Research, and Kochava.

An exceptional opportunity to lease in one of North Idaho’s most dynamic and scenic locations.

Listing Contacts

CB
WA 17737, ID SP36552
NAI Black
DB
WA WA12150
NAI Black
Listed by NAI Black

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