Listed by TOK Commercial
$3,429,000
The Columbia Building
Details
Property Type Office
Sub Type Executive Office
Square Footage 21,070
Cap Rate 7.60%
NOI $261,851
Tenancy Multi
Class B
Acreage 1.950
Investment Type Core
Office | 7.60% CAP | 21,070 SqFt
Marketing description
The Columbia Building presents the opportunity to acquire a multi-tenant office asset with proven occupancy within the highly desirable Boise Research Center. The ±21,070 SF property is currently leased to three established tenants—Pathways Management Group, System One dba Mountain Ltd., and HC Company (lease through 6/1/2026)—providing immediate in-place income with near-term flexibility for owner-user occupancy or lease-up.
The property benefits from its location within a well-established office submarket known for consistent tenant demand and long-term retention. Ideally positioned just off Chinden Boulevard near Eagle Road, the asset offers excellent access to one of the Treasure Valley’s primary retail and service corridors. The surrounding area serves the rapidly growing communities of Meridian, West Boise, and Eagle, offering abundant amenities that support tenant attraction and retention.
Situated on a 1.674-acre parcel, the building features approximately 110 on-site parking spaces, strong visibility with both monument and building signage, and direct proximity to the West Boise YMCA & Aquatic Center. Located within the Boise Research Center, the property is surrounded by established professional users in a well-maintained, campus-style environment.
With stable in-place income, future leasing flexibility, and pricing below replacement cost, The Columbia Building represents a compelling opportunity to acquire a well-located office asset with both cash flow and upside potential.
Chinden Boulevard & Cloverdale Road
Investment highlights
- Strong In-Place Income with Upside Potential – Three established tenants in place (through 6/1/2026), supplying immediate income with near-term vacancy providing upside potential or owner occupancy.
- Proven Occupancy & Tenant Stability – Located in a historically strong office submarket with a demonstrated track record of consistent occupancy and long-term tenant retention.
- Premier Boise Research Center Location – Situated within one of Boise’s most desirable office parks, surrounded by reputable professional users in a well-maintained, campus-style environment.
- Excellent Access to Amenities & Major Corridors – Just off Chinden Blvd and near Eagle Rd, offering convenient access to retail, dining, and services that support Meridian, West Boise, and Eagle’s rapidly growing population.
- Strong Site Fundamentals Below Replacement Cost – 21,070 SF building on a 1.674-acre parcel with ample on-site parking and a favorable parking ratio, enhancing tenant appeal and long-term competitiveness.
- High-Visibility & Amenity-Rich Setting – Features monument and building signage, direct proximity to the West Boise YMCA & Aquatic Center, and strong overall visibility within a highly trafficked area.
Listing Contacts
Listed by TOK Commercial
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$261,851.00
$21,820.92/mo
Valuation Metrics
0
DSCR
7.64%
Cap Rate
7.64%
ROI
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