Exceptional Investment Opportunity | Above 6% Cap Rate - Boise, Idaho Presenting a Class A office building in Boise with a strong investment profile and a 6.36% cap rate. Recently renovated throughout (completed September), this property offers modern upgrades, functional layouts, and excellent tenant appeal. Tenant Mix: Currently leased to six tenants, including a primary anchor tenant who occupies the majority of the building and carries significant CAM charges. Leasing Stability: Two additional full office suites on the west side feature newly executed long-term leases. Smaller office tenants in the main building are on short-term agreements (month-to-month or 6-month leases), with minimal risk of income disruption as the anchor tenant has expressed interest in absorbing any vacated space.
| MLS # | 98972899 |
|---|---|
| Listing Type | For Sale |
| Building Name | 1110 N Five Mile Rd |
| Sub-Type | Resale |
| Status | Pending |
| Year | 1997 |
| Days On Site | 213 |
| Listing Provided By | exp Realty, LLC | Enoch Worth |
| SQ Feet | 8,290 |
|---|---|
| Acreage | 0.91 |
| Cooling | Central Air |
|---|---|
| Cooling Yes / No | Yes |
| Heating | Forced Air |
| Heating Yes / No | Yes |
| Exterior Features | Paved Outside Area |
|---|---|
| Roof | Composition |
| Lot Features | 1/2 - .99 Acre, Lawn Sprinklers |
| Construction Materials | Frame, Stucco |
| Parking Features | 21 - 50 Spaces |
|---|
| Utilities | Sewer Connected |
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| Tax Legal Description | See Exhibit A |
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| State | ID |
|---|---|
| County | Ada |
| City | Boise |
| Zip Code | 83713 |
| Area | Ada |
| Listing VS Median (in 83713) | |
Price: $2,100,000 low | high Med: $459,900 sqft: 8,290 low | high Med: 1,572 $ / sqft: $253 low | high Med: $293 On site: 213 low | high Med: 28 | |
| State | ID |
|---|---|
| County | Ada |
| City | Boise |
| Zip Code | 83713 |
| Area | Ada |
| Listing VS Median (in 83713) | |
Price: $2,100,000 low | high Med: $459,900 sqft: 8,290 low | high Med: 1,572 $ / sqft: $253 low | high Med: $293 On site: 213 low | high Med: 28 | |