The Grove at Thomson Farms Apartments
$29,000,000
397 Thomson Farms Road, Rexburg, ID 83440
For Sale
Multifamily
Mid High Rise
Active
Last Updated: 01/10/2024
156,253 sqft
Building Size
94
Occupancy
Details:
Building Size: 156,253 sqft
Occupancy: 94%
Units: 190
Highlights:
- New 2020 construction
- Prime location in area of increasing growth
- Low price per unit; well below replacement cost
- Opportunity for expansion with approved Phase 3
- High quality finishes; stone accents, stainless steel, quartz
- Large asset size allowing a buyer to establish immediate scale
- Quick access to Hwy 33 connecting to Idaho Falls and Island Park
Description:
PROCESS:
All offers reviewed on 01.31.2024
Offers accepted for: (1) The Grove Apts. or (2) The entire offering
Property tours are highly encouraged. Call for scheduling.
LOI to include: Price, Earnest Money, Due Diligence Timeline & Closing Period
Thomson Farms Road & Yellowstone Highway
Location

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