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Westpark III Building For Sale

$5,500,000

300-368 N. Steelhead Way, Boise, ID 83704

Active
Last Updated: 07/01/2021

6.41

Cap Rate

371,094

NOI

Details:
Cap Rate:    6.41%
NOI:    $371,094
Building Size:    60,000 sqft
Year Built:    1980
Price Per Sqft:    $91.67
Zoning:    M1
Highlights:
  • Good Visibility & Location
  • Well-Established Tenants
  • Priced Below Replacement Cost
  • Below Market Lease Rents
Description:

Thornton Oliver Keller proudly offers this investment opportunity in the growing Treasure Valley. Westpark III is conveniently located in West Boise off of Emerald Street, with great proximity to restaurants, services, and quick I-84 access.

This 60,000 SF property features four well-established tenants including Boise Office and Moving, Factory Motor Parts, Libby Owens Glass, and Standard Restoration.

Westpark III is priced well below replacement cost at $91.67/SF and provides a 6.41% capitalization rate with below market lease rates. This is an excellent opportunity for an investor looking to diversify their portfolio.

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