Westpark III Building For Sale

300-368 N. Steelhead Way, Boise, ID

   SOLD!   

$5,500,000

Price

6.41%

Cap Rate

$371,094

NOI

Overview
Cap Rate
6.41%
NOI
$371,094
Building Size
60,000 sqft
Year Built
1980
Price Per Sqft
$91.67
Zoning
M1
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.

Highlights
  • Good Visibility & Location
  • Well-Established Tenants
  • Priced Below Replacement Cost
  • Below Market Lease Rents
Documents
Title
Web Link
Offering Memorandum
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Location
Gallery