Listed by TOK Commercial
$31,900,000
1135 N. Hickory Avenue
Details
Property Type Industrial
Sub Type Distribution, Warehouse
Square Footage 207,060
Cap Rate 6.32%
Occupancy 100%
Tenancy Multi
Brand/Tenant K1 Speed, Flying Pickle
Lease Type NNN
Price per SqFt $154
Year Built 2022
Acreage 9.880
Ceiling Height 28’
Dock High Doors 20
Industrial | 6.32% CAP | 207,060 SqFt
Marketing description
This newer construction multitenant industrial investment in North Meridian presents a strong opportunity with 100% occupancy across five stable tenants and consistent 3% annual rent escalations. The premier-quality building is exceptionally well maintained and features five 12’ x 14’ grade-level doors—three on the north elevation and two on the east elevation—as well as fifteen dock doors with a 4’-0” dock elevation and manual lift levelers, providing excellent functionality and flexibility for diverse tenants. The property’s location offers outstanding accessibility through signalized intersections at Eagle Road and Pine Avenue, and Fairview Avenue and Hickory Avenue, just four minutes from I-84. Situated off a major Treasure Valley corridor near prominent retailers, services, and employers, this is a rare and desirable North Meridian industrial asset offering long-term stability and investment strength.
North Meridian | State Avenue & Hickory Avenue
Investment highlights
- Strong, newer construction, multitenant industrial investment opportunity.
- 100% occupied with five stable tenancies and 3% annual escalations.
- Rare and desirable North Meridian industrial of premier quality and well-maintained building.
- Conveniently located off primary Treasure Valley corridor near major area retailers, services, and employers.
- Building is equipped with 5, 12’ x 14’ grade level doors 3 on north elevation and 2 on east elevation and 15 dock doors with dock elevation of 4’-0” below finish floor and manual lift levelers.
- Excellent accessibility, with signalized intersection at Eagle Road & Pine Avenue as well as Fairview Avenue and Hickory Avenue, just 4 minutes from I-84 access.
- 6000 Amps/480 Volt/3 Phase Power
Listing Contacts
Listed by TOK Commercial
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