Elevation Labs | Single-Tenant Investment
$14,500,000
2105 Boge Avenue, Idaho Falls, ID 83401
5.82
Cap Rate
843,942.72
NOI
Details:
Highlights:
- Long-term lease in place.
- Class A industrial building.
- Great location near Highway 20.
- New construction - built in 2017.
- Excellent tenant credit and history.
- 100% leased by NW Cosmetic Labs, LLC.
- High quality tilt concrete construction.
Description:
TOK Commercial is pleased to present this exclusive opportunity to purchase Elevation Labs office, manufacturing, and laboratory facility, located at 2105 Boge Avenue, Idaho Falls, Idaho.
Elevation Labs is conveniently located near Highway 20 and the Snake River. With a long-term lease in place, and great tenant credit, Elevation Labs is a quality long-term investment.
Priced at a 5.82% cap, this investment presents a great opportunity for investors seeking a stable Class A single-tenant net-leased investment with 17 years of of scheduled compounding rent increases. The tenant, Elevation Labs, has been providing quality products to the most popular and prestigious skincare and cosmetic brands in the world for over 25 years.
The subject property is located in Idaho Falls, Idaho along the I-15 “high tech” corridor in the fastest growing state in the U.S. Idaho Falls is located near multiple major universities and offers businesses some of the lowest utility rates in the country.
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