704 United Heritage Ct

Highlights:

• Attractive Pricing – Offered at $212/SF, priced below replacement cost, creating a compelling value proposition in a high-demand submarket.
• Built-In Upside – Contract rents are currently 10–20% below market, with near-term lease rollover providing an opportunity to reset rates and boost NOI.
• Strong Leasing Support – Seller to offer a one-year rent guarantee on the current vacancy, reducing initial risk for investors.
• Established Location & Modern Construction – Located just 1.3 miles from downtown Meridian with CG zoning, built in 2014 on 1.82 acres with excellent visibility and access.
• Flexible Zoning – Situated on 1.82 acres and zoned CG (General Commercial), allowing for a wide range of commercial uses.
• Solar Panels Installed – Upgraded with rooftop solar panels, significantly reducing utility costs and supporting sustainable energy initiatives.
• Electric Vehicle Charging Stations – Provides a modern amenity for employees, tenants, and visitors, while aligning with broader sustainability goals.
• Updated Building Measurements – Professionally remeasured to reflect accurate square footage.

Description:

A buyer could immediately occupy the vacancy or take advantage of the seller’s one-year rent guarantee while leasing it up. The offering price of $3,950,000 reflects a 6.4% pro forma cap rate and is well below replacement cost at $212.00/SF.

All three existing leases include 3% annual rate increases and are at below-market rates, offering excellent upside. With high visibility, strong surrounding demographics and co-tenancy, and maximum zoning flexibility, 704 E. United Heritage Court is a rare opportunity to acquire or lease in one of Idaho’s most dynamic growth corridors.

TOK Commercial is pleased to present the offering of 704 E. United Heritage Court in central Meridian. Located in the heart of the Treasure Valley with excellent proximity to I-84, this 18,626-square-foot professional office building sits on 1.82 acres in the highly flexible and desirable CG (General Commercial) zoning district.

The asset is currently 78% leased to strong tenants, including Simplicity, DKS Associates, Inc., and E4 Connect, with one 4,088 SF vacant suite remaining. The property is located in one of the highest-demand submarkets for office space, with vacancy currently at just 1.31%.

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