Trail Creek Real Estate Partners
Listed by Trail Creek Real Estate Partners
$6,532,738
The Historic Elks Building
Details
APN RPT0001071029A
Property Type Mixed Use, Office
Sub Type Creative Office
Square Footage 35,810
Units 10
Cap Rate 6.5%
NOI $424,628
Occupancy 90%
Price per SqFt $182
Broker Co-Op Yes
Class B
Year Built 1922
Year Renovated 2018
Buildings 1
Stories 2
Acreage 0.253
Zoning CB - Central Business
Investment Type Stabilized
The Historic Elks Building presents an opportunity for investors to own a tropy asset in Idaho
Marketing description
Constructed in 1922 and renovated in 2018, the Historic Elks Lodge Building is an irreplaceable historic creative office and retail trophy asset in a fast growing market. The building is leased to eight office tenants and one restaurant/brewery on the ground floor. All leases are structured on a NNN basis for passive ownership with onsite property management and leasing and near term upside in rents. A new owner can immediately reap significant tax offsets with accelerated bonus depreciation.
Listing Contacts
Trail Creek Real Estate Partners
Listed by Trail Creek Real Estate Partners
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$424,628.00
$35,385.67/mo
Valuation Metrics
0
DSCR
6.5%
Cap Rate
6.5%
ROI
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