Listed by TOK Commercial
$11,880,318
401 Front Street
Details
Property Type Office
Sub Type Executive Office, Traditional Office
Square Footage 80,478
Cap Rate 6.00%
NOI $712,819
Occupancy 100%
Price per SqFt $293
Class A
Year Built 2007
Zoning MX-5
Parking Spaces 40 spaces
Parking Per SqFt 0.50
Office | 6.00% CAP | 80,478 SqFt
Marketing description
401 W Front Street presents a rare opportunity to acquire a Class A office investment in the heart of downtown Boise, offered below replacement cost and anchored by institutional-grade tenancy including Microsoft and LPL Financial. The offering consists of 40,491 square feet across three floors within an 80,478-square-foot building built in 2007, currently 100% occupied. The property generates $712,819 in actual NOI, offering a 6% cap rate at the $11,880,318 asking price, and features professionally built-out suites, staggered lease expirations, and diversified industry tenancy supporting long-term income stability.
Located just three blocks from the downtown core and surrounded by major employers, civic institutions, and over 132,000 employees within a five-mile radius, 401 W Front Street offers investors both durable income today and meaningful long-term investment potential in one of the Mountain West’s strongest-performing markets.
Investment highlights
- Professionally built-out floors with quality finishes and flexible layouts.
- Offered below replacement cost, providing immediate value to investors.
- Diverse tenant mix across industries supports long-term occupancy stability.
- Direct access to parking lot enhances tenant convenience and leasing appeal.
- Staggered lease expirations reduce rollover risk and maintain consistent cash flow.
- Microsoft recently committed $1.5 million toward significant improvements to their space.
- Parking income adds stable, diversified revenue with the option to completely redevelop the lot.
- Microsoft and LPL Financial are two publicly traded companies, providing institutional-grade income security.
- Sale Price: $11,880,318 ($293/SF)
- Units Total Size: 40,491 SF
- Occupancy: 100%
- NOI (Actual): $712,819
- Cap Rate (Actual): 6%
Listing Contacts
Listed by TOK Commercial
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$712,819.00
$59,401.58/mo
Valuation Metrics
0
DSCR
6%
Cap Rate
6%
ROI
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