Listed by Westerra Real Estate Group, Westerra Real Estate Group - Westcom Commercial Division
$2,300,000
261 CANYON CREST DR TWIN FALLS ID 83301-5924
Details
APN RPT45950000030
Property Type Retail, Office
Sub Type Storefront, Executive Office
Square Footage 10,312
Net Rentable (SqFt) 10,312
Units 2
Cap Rate 8.35%
NOI $192,000
Occupancy 100%
Tenancy Multi
Lease Type NNN
Lease Term 3
Lease Expiration 03/31/2027
Remaining Term 1
Rent Bumps No
Lease Options 1
Pro-Forma Cap Rate 9.94%
Pro-Forma NOI $228,690
Price per SqFt $223
Class B
Year Built 2008
Year Renovated 2022
Buildings 1
Lot Size (SqFt) 30,144
Zoning Commercial
Parking Spaces spaces
Investment Type Stabilized
Tenant Credit Credit Rated
Ground Lease No
INVESTMENT OPPORTUNITY & OWNER-USER OPPORTUNITY
Marketing description
Property Description:
Investment highlights
- Modern Purpose-Built Medical Office- Constructed in 2008
- Building Size: 10,312 square feet
- Lot Size: 0.69 acres (30,144 SF)
- Multi-Tenant Occupancy- River View Eye Specialist s & Primary Therapy Source
- Prime Medical Corridor Location? Situated in an established
- professional/medical district in Twin Falls with excellent visibility and patient access
- Strong Tenant Stability- Long-term healthcare tenants with deep roots in the community (formerly Canyon Crest Eye Physicians)
- High-Quality Construct ion- Well-maintained Class A medical office building with efficient layout for clinical services, patient flow, and administrative offices
- Ample Parking? Generous on-site parking for patients and staff
- Growth Market - Positioned in the expanding Magic Valley region with increasing demand for outpatient medical services
- Investment Strength- Healthcare real estate with resilient demand, stable tenancy, and favorable demographics
Listing Contacts
Listed by Westerra Real Estate Group, Westerra Real Estate Group - Westcom Commercial Division
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$192,000.00
$16,000.00/mo
Valuation Metrics
0
DSCR
8.35%
Cap Rate
8.35%
ROI
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