1550 S. Cloverdale Road Boise, Idaho FOR SALE - OFFICE INVESTMENT Derek Pollard, CCIM Ben Kneadler, CCIM 208.229.2020 | 208.869.9104 208.229.2020 | 208.353.2242
[email protected] [email protected] Property Information ADDRESS: 1550 S. Cloverdale Rd, Boise, ID HIGHLIGHTS PROPERTY TYPE: Class A Office • Full-service executive suites BUILDING SIZE: ±12,014 SF • Located at NEC of W. Overland Road and S. Cloverdale Road LAND SIZE: ±1.262 acres • Excellent visibility to over 40,000 vehicles per day • U.S Census ranks Meridian the 5th fastest growing city in the U.S. YEAR BUILT: 2014 • Centrally located within the Boise Valley with easy freeway access at AVAILABLE SF: ± 12,014 SF (divisible) the Eagle Road interchange PARKING: 42 SPACES (3.5/1000 SF) • Consistently high occupancy rate since built • Elevator 5-year load test completed December 2019 PRICE: $2,499,998 • Multiple access points YEAR 1 NOI: $159,646 • Shared parking lot CAP RATE: 6.41% # OF FLOORS: 3 FINANCIAL SUMMARY Gross Rental Income * $211,966 Less: 3% Vacancy Rate $6,359 Plus: Other Income $10,100 GROSS OPERATING INCOME $215,707 TOTAL OPERATING EXPENSES $55,445 YEAR 1 NET OPERATING INCOME $160,262 * Assumes 2nd conference room conversion to office suite NAI SELECT | 1550 S. CLOVERDALE RD | BOISE, ID Aerial NAI SELECT | 5531 N. GLENWOOD STREET | BOISE, ID Aerial NAI SELECT | 5531 N. GLENWOOD STREET | BOISE, ID 3-D Floor Plan NAI SELECT | 5531 N. GLENWOOD STREET | BOISE, ID Floor Plan Tenants - First Floor NAI SELECT | 5531 N. GLENWOOD STREET | BOISE, ID Floor Plan Tenants - Second Floor NAI SELECT | 5531 N.