2752 S. Liberty Street for Sale

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2752 S. Liberty Street for Sale For Sale Owner User/ Investment Property 36,450 SF Industrial Building | GEM O S H T A A ID T E 2752 S. Liberty Street ✴ Boise, ID 83709 CONTENTS SECTION 01 EXECUTIVE SUMMARY SECTION 03 INVESTMENT HIGHLIGHTS . 4 LOCATION FLOOR PLAN . 5 LOCATION MAP . 09 [ ] NEARBY AMENITIES . 10 BOISE STATISTICS. 11 SECTION 02 MARKET STATISTICS SECTION 04 INDUSTRIAL MARKET STATISTICS . .07 DEMOGRAPHICS QUICK STATS . .13 SUBMARKET . 14 MARKET . .15 INDUSTRIAL OFFERING MEMORANDUM | 2 SECTION 01 EXECUTIVE SUMMARY INVESTMENT HIGHLIGHTS . .04 SITE PLAN . 05 INDUSTRIAL OFFERING MEMORANDUM | 3 THIS 36,450 SF INDUSTRIAL BUILDING INVESTMENT HIGHLIGHTS IS LOCATED MINUTES FROM THE BOISE AIRPORT AND DOWNTOWN BOISE, ID Lee & Associates is pleased to present this rare Industri- al Owner User Investment property, with income, for sale. This 36,450 SF industrial building currently has 16,450 SF leased, and a 20,000 SF availability for an Owner User/New Tenant. The available space includes: 1,200 square feet of of- fice, reception, three offices, break room, and two restrooms. ****Contact agent for showing and lease details, please do not disturb the tenant. PRICE: $3,195,000 BUILDING SF: 36,450 PRICE PER SF: $87.65 ZONING: M-1D BUILDING TYPE: WHS/DIST AVAILABLE SF: 20,000 CLEAR HEIGHT: 16’ DOCK HIGH DOORS: 5 FINANCIALS: CONTACT AGENT OCCUPANCY . 45.1% PROPOSAL FOR SERVICES | 3 SITE AREA . 1.67 AC PARKING . 20 Stalls FREEWAY ACCESS . 1.1 Miles INDUSTRIAL OFFERING MEMORANDUM | 4 PROPOSAL FOR SERVICES | 3 SITE PLAN INDUSTRIAL OFFERING MEMORANDUM | 5 SECTION 02 MARKET STATISTICS INDUSTRIAL MARKET STATISTICS . .07 INDUSTRIAL OFFERING MEMORANDUM | 6 INDUSTRIAL MARKET STATISTICS Market Rent Growth YOY Sales Volume & Price Per SF Market Rent Per SF Sales Volume & Market Sale Price Per SF $9.00 Forecast $140 $20M Forecast $130 $18M $8.50 $120 $16M $8.00 $110 $14M $7.50 $100 $12M F S / e e c i m r u P l o e l V a $7.00 $90 $10M s S e l t a e k S r a M $80 $8M $6.50 $70 $6M $6.00 $60 $4M $5.50 $50 $2M $40 $0 $5.00 09 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 16 17 18 19 20 21 22 23 24 © 2019 CoStar Realty Information Inc. 08/12/2019 © 2019 CoStar Realty Information Inc. 08/27/2019 INDUSTRIAL OFFERING MEMORANDUM | 7 SECTION 03 LOCATION LOCATION MAP . 09 NEARBY AMENITIES . 10 LOCATION . 11 INDUSTRIAL OFFERING MEMORANDUM | 8 LOCATION MAP INDUSTRIAL OFFERING MEMORANDUM | 9 NEARBY AMENITIES . Boise Airport GROCERY . (BOI) Costco Wholesale, . 2.3 Miles Away Albertsons, . Walmart . SERVICE & . FOOD . Black Bear Diner, Good- OTHER . wood BBQ, Cracker Barrel, . Idaho Pizza Company, Wells Fargo, The UPS . Ledgends Pub & Grill Store, Starbucks, Anytime . Fitness, Ross, Big 5, REI, . The Home Depot . Retail & . Entertainment . Boise Towne Square, . Franklin Towne Plaza, . Boise Spectrum Center . INDUSTRIAL OFFERING MEMORANDUM | 10 BOISE STATIS- Boise, Idaho is the state capital, the third largest city in the Pacific Northwest, and the county seat of Ada County. Located on the Boise River in southwestern Idaho, the population of Boise is currently 241,368. Once a hub for extraction industries, the city is now a center for high tech, agribusiness, food processing, shared services, manufacturing and state government. The major employers located in Boise include Albertsons, J.R. Simplot Company, Idaho Pacific Lumber Company, Idaho Timber, WinCo Foods, Bodybuilding.com and 2.6% Unemployment Clearwater Analytics. Other major industries have a presence in Boise such as Hewlett Packard and Wal-Mart. Rate 1.3% Lower than National Average Boise is an attractive destination for businesses seeking lower prices than those in California or FORBES Washington, where, per a KPMG report, the cost of doing business is roughly a third higher. Boise #2 housing prices are also substantially more affordable. Metro employers benefit from a healthy university PLACE pipeline, with several institutions of higher education. Boise State University, the largest, enrolls TO LIVE around 26,000 students and employs 2,400 fulltime employees. Other major metro employers include Micron Technology, which employs roughly 6,700, and Hewlett-Packard, with about 2,000 workers. For more information on the Treasure Valley’s Accolades, please visit: INDUSTRIAL OFFERING MEMORANDUM | 11 www.bvep.org www.compassidaho.org SECTION 04 DEMOGRAPHICS QUICK STATS . .13 SUBMARKET . 14 MARKET . .15 INDUSTRIAL OFFERING MEMORANDUM | 12 QUICK STATISTICS BOISE, IDAHO 226,000 2019 Population MILES TO DOWNTOWN BOISE MILES TO I-84 5.8 1.1 . “This is a unique opportunity to purchase a quality industrial asset Miles Miles . below replacement cost, with additional tenant revenue, and upside.” . - Shaun Wardle INDUSTRIAL OFFERING MEMORANDUM | 13 SUBMARKET DEMOGRAPHIC HIGHLIGHTS This industrial property is positioned in one of the busiest submarkets in Boise. With a population of over 226,000 residents, Boise is one of the fastest growing cities in the United States. The population has nearly doubled since 1990 and is expected to increase an addi- tional 3% by 2024. 2019 POPULATION 5 MILE & INCOME RADIUS Median Income $54,477 Population 218,000 2019 POPULATION & INCOME 3 MILE RADIUS [ ] Median Income $53,238 1 MILE Population RADIUS 85,247 2019 POPULATION & INCOME Median Income $50,553 Population 7,894 INDUSTRIAL OFFERING MEMORANDUM | 14 | GEM O S H T MARKET A A ID T E ✴ Greater Boise Area 5.8 Miles AREA SUMMARY IN THE NEWS 10 Minutes From Downtown Located on the Boise River, Boise is the capital This year Boise was named top place to live on Livability’s of Idaho and the third-most populous metro in Best Places To Live survey. There were over 1,000 cities, be- the Pacific Northwest, after Seattle and Portland. tween 20,000 and one million that Boise out ranked to take Boise boasts a diverse pool of local employers. the top spot. Job opportunity, afordability, entrpreneurship, Several significant companies are headquartered and safety were among the top reasons why Boise draws in in the metro, including Albertsons, Simplot, so many people. ✴ Clearwater Analytics, and Micron Technology. Boise is at full employ- ment, with unemployment trend- 2.3 Miles ing below 3% since 2017. Starting in 5 Minutes From Airport 2011, local employment growth has outpaced national performance, with gains generally far stronger in Boise than in the United States as a whole. INDUSTRIAL OFFERING MEMORANDUM | 15 CONTACT INFO Matt Mahoney Managing Principal O 208.319.1003 C 208.340.9780 F 208.389.2088 [email protected] leeidaho.com 802 W. Bannock Street, 12th Floor Boise, ID 83702 Shaun Wardle Associate O 208.343.2300 C 208.863.4160 F 208.389.2088 [email protected] leeidaho.com 802 W. Bannock Street, 12th Floor Boise, ID 83702 All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made to the accuracy thereof and same is submitted to errors, ommissions, change of price, rental or other conditions prior to sale, lease or financing or withdraw- al without notice. No liability of any kind is to be immposed on the broker herein. INDUSTRIAL OFFERINGPROPOSAL MEMORANDUM FOR SERVICES | |24 16.
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