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33181875
33181874

12347 W Executive Dr, Boise, ID 83713

DP
ID SP30526
TOK Commercial
CP
ID SP31401
TOK Commercial
DM
ID SP26396
TOK Commercial
Listed by TOK Commercial
$11,632,345
5 days on market
Updated 0 days ago

12347 Executive Dr

Details
Property Type Industrial
Sub Type Warehouse
Square Footage 32,200
Cap Rate 5.50%
NOI $639,779
Occupancy 100%
Price per SqFt $361
Class A
Year Built 2024
Acreage 2.500
Zoning I-1
Parking Spaces 2 per 1,000 sq ft
Ceiling Height 20’
Dock High Doors 10

Industrial | 5.50% CAP | 32,200 SqFt

Marketing description

Presenting a rare opportunity to acquire a premier Class A multi-tenant industrial investment property located in one of the Treasure Valley’s most desirable industrial corridors. Newly constructed with institutional-quality concrete tilt construction, the property is 100% leased to four financially sound tenants and reflects the highest standard of modern industrial design and functionality in the Boise/Treasure Valley market. Featuring an approximately 20.4% office ratio, the asset is strategically designed to meet the increasing demand for elevated office environments within industrial and flex space, supporting the premium lease rates achieved at the property and offering investors a stabilized, high-quality asset in a highly sought-after location.

Location Description

Located in the West Boise industrial submarket along W Executive Drive with strong visibility and access to Treasure Valley transportation corridors.

Overview

This offering presents a rare opportunity to acquire a premier Class A multi-tenant industrial investment property located in one of the Treasure Valley’s most desirable industrial corridors. This property is 100% leased to four financially sound tenants and represents the highest standard of modern industrial construction in the Boise/Treasure Valley market.

Asset Overview

This newly constructed concrete tilt building features institutional-quality construction, modern design, and strong functionality. With an office ratio of approximately 20.4% — the property is designed to meet the growing demand for higher-end office environments within industrial and flex space. This enhanced office component supports the premium lease rates achieved at the property.

Tenancy

The tenant roster includes globally recognized companies such as Stryker, Hoya, and Southland Industries, which is the nation’s largest privately held mechanical firm by revenue, along with Pacific Office Automation, a long-established private company with 49 consecutive years of revenue growth and more than $500 million in annual revenue. The property offers a weighted average lease term (WALT) of 4.16 years, providing stable cash flow with limited near-term rollover risk.

Location

Strategically located within a premier industrial submarket of the Treasure Valley, the property benefits from excellent visibility, accessibility, and proximity to major transportation infrastructure. The area continues to attrac

Investment highlights

  • Class A multi-tenant industrial investment property in one of the Treasure Valley’s most desirable industrial corridors.
  • Newly constructed with institutional-quality concrete tilt construction and modern industrial design.
  • 100% leased to four financially sound tenants, providing stable in-place income.
  • Approximately 20.4% office ratio designed to meet growing demand for elevated industrial and flex office environments.
  • Premium office build-out and functionality support strong lease rates and long-term investment appeal.
  • Average bldg. Lease rate: $1.66/sf
  • Walt: 4.16
  • Divisibility: 6,450 sf
  • Office sf: 6,561 sf | 20.38%
  • Parking: 2/1,000 | 60 stalls
  • Grade level doors: 10 (12’x14’)
  • Power: 1,200 amps | 120/208v | 3 phase
  • Fire suppression system: ESFR

Listing Contacts

DP
ID SP30526
TOK Commercial
CP
ID SP31401
TOK Commercial
DM
ID SP26396
TOK Commercial
Listed by TOK Commercial

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$639,779.00
$53,314.92/mo

Valuation Metrics

0
DSCR
5.5%
Cap Rate
5.5%
ROI

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