Star 56.853 Acres
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LAND OFFERING W Rice Rd Star Middle School W Floating Feather Rd N Pollard Ln N Pollard N Star Rd W Floating Feather Rd SITE Star Elementary School N Plummer Rd N Plummer Hwy 16 Hwy N Can Ada Rd ALSO AVAILABLE Star 169.05 acres Hwy 44 STAR 56.853 ACRES FOR ADDITIONAL INFORMATION, PLEASE CONTACT: • Previously approved as part of Taurus Village Subdivision Ryan Cantlon • Excellent residential development opportunity Land Brokerage • Adjacent to high-end subdivisions (208) 867-3751 • Utilities and stub roads to site [email protected] 950 West Bannock Street, Suite 420 • Boise, Idaho 83702 • ( 208) 343- 9300 • icbre.com 1 OFFERING DETAILS STAR 56.853 STAR, IDAHO W Rice Rd ASKING PRICE $6,000,000 Rd Munger CURRENT ZONING R-3 DA (Annexed into City of Star) GROSS ACRES 56.853 (per County records) PARCEL NUMBER S0406325410 • Adjacent subdivision (Craftsman Estates) average lot Circle Bar Ln sales price in 2018 was over $100,000 • Previously approved for 165 buildable lots as part of Taurus Village Subdivision N Can Ada Rd • Development agreement approved and still in place HWY Emmett • Utilities adjacent to property • Stub streets to property SITE • Contact listing agent for additional information All information herein has been obtained from sources deemed reliable but is subject to verification by Buyer. This offering is subject to price change, corrections, errors, omissions, prior sales and/or withdrawl. 950 West Bannock Street, Suite 420 • Boise, Idaho 83702 • ( 208) 343- 9300 • icbre.com updated: 02/12/2019 2 PARCEL MAP RICE S0406325410 56.853 GER N U M K C O IRCLE BAR O HIDDEN R LAKE TERB A EW W I AMV E STR CREEKRAPIDS FLOATING FEATHER ADA AN C ME ADOWFALLS All information herein has been obtained from sources deemed reliable but is subject to verification by Buyer. This offering is subject to price change, corrections, errors, omissions, prior sales and/or withdrawl. 950 West Bannock Street, Suite 420 • Boise, Idaho 83702 • ( 208) 343- 9300 • icbre.com updated: 02/12/2019 3 PREVIOUSLY APPROVED PRELIMINARY PLAT - TAURUS VILLAGE SUBDIVISION All information herein has been obtained from sources deemed reliable but is subject to verification by Buyer. This offering is subject to price change, corrections, errors, omissions, prior sales and/or withdrawl. 950 West Bannock Street, Suite 420 • Boise, Idaho 83702 • ( 208) 343- 9300 • icbre.com updated: 02/12/2019 4 PREVIOUSLY APPROVED PRELIMINARY PLAT - TAURUS VILLAGE SUBDIVISION All information herein has been obtained from sources deemed reliable but is subject to verification by Buyer. This offering is subject to price change, corrections, errors, omissions, prior sales and/or withdrawl. 950 West Bannock Street, Suite 420 • Boise, Idaho 83702 • ( 208) 343- 9300 • icbre.com updated: 02/12/2019 5 PREVIOUSLY APPROVED PRELIMINARY PLAT - TAURUS VILLAGE SUBDIVISION All information herein has been obtained from sources deemed reliable but is subject to verification by Buyer. This offering is subject to price change, corrections, errors, omissions, prior sales and/or withdrawl. 950 West Bannock Street, Suite 420 • Boise, Idaho 83702 • ( 208) 343- 9300 • icbre.com updated: 02/12/2019 6 VALLEY LOCATOR MAP MIDDLETON SITE STAR CALDWELL BOISE MERIDIAN NAMPA KUNA All information herein has been obtained from sources deemed reliable but is subject to verification by Buyer. This offering is subject to price change, corrections, errors, omissions, prior sales and/or withdrawl. 950 West Bannock Street, Suite 420 • Boise, Idaho 83702 • ( 208) 343- 9300 • icbre.com updated: 02/12/2019 7 MARKET OVERVIEW BOISE METROPOLITAN AREA BOISE VALLEY STATISTICS The Boise MSA is the third largest metro in the Northwest with 30% growth projected by 2020. Population 710,000 The Boise metro area consists of the Southwestern Idaho counties of Ada, Boise, Canyon, Gem Unemployment Rate 2.9% and Owyhee. Nearly 40 percent of Idaho’s total population lives in the area, which includes 251,142 households. The region is hemmed in by mountains to the North and high-desert to the South. The Median Age 34.2 largest city is Boise, which encompasses nearly 80 square miles, is the capital city and boasts a White Collar Workers 36% population of nearly 230,000. Blue Collar Workers 63% Median Annual $42,180 50 motor freight companies serve the Boise Valley, traveling 5 interstates, 20 U.S. highways and 30 Bachelors or Higher 35.24% state highways. Over 11 million tons of freight are transported annually across the U.S., to Canada Sales & Use Tax 6% and Mexico by Union Pacific and Burlington Northern Santa Fe along 1,600 miles of rail line. Various Corporate Income Tax 6.9% airlines connect the metro area nationally, with the Boise Airport handling over three million travelers Source: bvep.org each year. COUNTY POPULATION SQ MILES #1 Fastest Growing #5 Best Cities for #1 City for New Ada 456,849 1,052.58 Metro in U.S. Quality of Life (Boise) Home Sales (Meridian) Boise 7,290 1,899.24 Forbes, 2018 NerdWallet, October 2017 Curbed, January 2017 Canyon 216,699 587.37 Gem 17,379 560.90 #4 Top 10 Cities for Top 20 Best Cities for Top 10 Safest Owyhee 11,628 7,665.51 Young Families (Boise) Young Professionals Cities in the World Total 709,845 11,756.60 Move Buddha, January 2018 Forbes, May 2017 The Daily Meal, Oct 2017 Source: US Census #4 Best Place to Retire Lowest Business Costs in #4 North America’s (Boise) Pacific U.S. Coolest Downtowns Forbes, January 2014 KPMG 2012, 2015, 2016 Expedia 2018 #2 America’s Best Cities #2 Destinations You Need #3 Best State Capitals to to Live in (Meridian) to See in 2018 Live In (Boise) 24/7 Wall Street, Dec 2016 Lonely Planet, March 2018 WalletHub, February 2018 950 West Bannock Street, Suite 420 • Boise, Idaho 83702 • ( 208) 343- 9300 • icbre.com 8 MARKET OVERVIEW Enrollment College/ BOISE METROPOLITAN AREA (Boise Program University The Boise Metro, at 92.5% of the national cost of living, enjoys some of the lowest costs in the western Valley) United States. Shorter commute times, safer communities, access to outdoor recreation and a high Boise State in-migration rate of workers has created a dynamic workforce with an entrepreneurial vibe. 23,886 4-year University Major economic drivers in the region include semiconductor and other computer product University of 1,000 4-year manufacturing, food product manufacturing, administrative and business support services, and Idaho construction. Northwest Nazarene 2,207 4-year TECHNICAL/ENGINEERING/ University LARGE EMPLOYERS CUSTOMER SUPPORT CENTERS ARCHITECTURE/LEGAL College of Idaho 1,065 4-year • Micron Technology • CSHQA • Wells Fargo, N.A. Idaho State 500 4-year • St. Lukes Health Systems • HDR, Inc. • DIRECTV University • St. Alphonsus Health System • CH2M Hill • Alaska Airlines Concordia • Hewlett-Packard Company • Power Engineers • WDS Global University School 75 Private • J.R. Simplot Company • Hawley Troxell • Century Link of Law • IDACorp (Idaho Power) • Eide Bailly, LLP • Albertson’s/SuperValu College of 24,265 2-year • WinCo Foods, LLC • Givens Pursely, LLP • T-Mobile U.S.A., Inc. Western Idaho • Albertson’s/SuperValu • Perkins Coie, LLP • EDS, an HP Company Carrington 600 2-4 year • URS Corp- Washington Group • Stoel Rives, LLP • Citi Card College • Wells Fargo, N.A. • URS Corporation • Intermountain Gas Company Stevens Henager 400 2-4 year • U.S. Bank • Balihoo • ProService Boise College • Boise Inc. • Healthwise • HP Shopping.com • Bodybuilding.com • Clearwater Analytics Treasure Valley Community 1,785 2-year • MWI Veterinary Supply, Inc. • Keynetics Inc. College • Key Bank • INL - Battelle Energy Alliance Brown Mackie 400 2-year • Scentsy, Inc. • Enphase Energy College • Lactalis American Group Broadview 100 2-4 year Source: bvep.org University 950 West Bannock Street, Suite 420 • Boise, Idaho 83702 • ( 208) 343- 9300 • icbre.com 9 MARKET OVERVIEW ADA AND CANYON COUNTY MIGRATION TO SW IDAHO Ada and Canyon county continue to lead the Idaho housing market in both inventory sold and average price for new construction. As the top two most populous counties in Idaho, both are poised for repeated growth trends. Migration accounted for 40.74% of growth in Idaho between 2010 and 2016. BUILDING PERMITS ISSUED Ada County experienced YEAR ADA COUNTY CANYON COUNTY TOTAL 10.7% growth, while 59.26% within Idaho 2014 2,270 864 3,134 Canyon County grew by 40.74% outside of Idaho 9.8%. 2015 2,980 1,028 4,008 2016 3,596 1,282 4,878 2017 3,859 1,449 5,308 2018 3,964 1,699 5,663 Source: Construction Monitor, Single Family Homes Only NEW CONSTRUCTION SALES AND AVERAGE PRICES 2014 2015 2016 2017 2018 ADA & CANYON COUNTY HOME SALES NEW CONSTRUCTION 12,000 SALES 1,469 1,687 2,332 2,558 3,148 10,000 ADA COUNTY NEW CONSTRUCTION 8,000 AVERAGE PRICE $246,141 $264,472 $279,581 $305,263 $356,172 6,000 4,000 NEW CONSTRUCTION SALES 484 508 642 869 1,018 2,000 CANYON 0 COUNTY NEW CONSTRUCTION 2014 2015 2016 2017 AVERAGE PRICE $200,769 $218,106 $230,374 $248,405 $281,114 New Construction Sales Existing Construction Sales 950 West Bannock Street, Suite 420 • Boise, Idaho 83702 • ( 208) 343- 9300 • icbre.com 10 RYAN CANTLON BIOGRAPHY REAL ESTATE PRACTICES Ryan Cantlon focuses on land acquisition and disposition. WORK HISTORY Ryan has been involved in hundreds of land related transactions totaling thousands of development acres, resulting in the development of over 6,000 lots across more than 70 projects in the Boise MSA. Transactional experience includes master planned communities, bulk subdivision lots, commercial land, golf courses, and agricultural land. Clients Ryan has worked with range from various financial institutions, developers, local and national homebuilders, institutional funds, and local land owners.