INDUSTRIAL LAND YELLOWSTONE INDUSTRIAL PARK 0 YELLOWSTONE AVE | CHUBBUCK, ID
JOSH MCFADYEN JIM MORPHEY 760 212 2279 208 251 3660 In partnership with: [email protected] [email protected] YELLOWSTONE INDUSTRIAL PARK LAND Overview Profile Highlights
Address: 0 Yellowstone Avenue, Chubbuck » Approximately a mile from the new ITD » Interchange is set to double the interchange at I-15 & Siphon Road population of Pocatello/Chubbuck
Land Size: 9.79 Acres / 3 parcels » Surrounded by residential, and future » Lowest power rates in the country with commercial Idahopower.com
RCNP2000200 — 1.77 Acres » Easy access to both I-86, and I-15 (once Parcels: RCNPZ000500 — 4.16 Acres interchange is completed) RCNPZ000600 — 3.86 Acres Development Resources Current Zoning: Industrial (bannockdevelopment.org) City Government: https://cityofchubbuck.us/wp-content/up- loads/2018/01/2002-Comprehensive-Plan.compressed.pdf
Economic Development: http://bannockdevelopment.org/ Asking Price https://cityofchubbuck.us/planning-development/ https://www.idahostatejournal.com/members/siphon-in- Combined parcels: $1,599,194 ($3.75/SF) terchange-expected-to-double-pocatello-s-population/arti- cle_2a9e3fb7-863c-585c-abf8-0da1229206a3.html
Colliers International Idaho | 755 West Front Street, Suite 300 Boise, Idaho 83702 | www.colliers.com/idaho | 208 345 9000 YELLOWSTONE INDUSTRIAL PARK LAND Location
New Interchange
SITE Idaho Falls
Colliers International Idaho | 755 West Front Street, Suite 300 Boise, Idaho 83702 | www.colliers.com/idaho | 208 345 9000 YELLOWSTONE INDUSTRIAL PARK LAND Demographics
0 Yellowstone Ave | Chubbuck, ID 1 Mile 3 Miles 5 Miles 10 Min Drive POPULATION 2019 Estimated Population 4,992 29,668 57,667 32,213 2024 Projected Population 5,444 32,361 63,058 35,182 2010 Census Population 4,671 27,444 54,157 29,884 Projected Annual Growth ‘19-‘24 1.8% 1.8% 1.9% 1.8%
HOUSEHOLD 2019 Estimated Households 1,728 10,584 21,826 11,570 2024 Projected Households 1,781 10,919 22,578 11,947 2010 Census Households 1,579 9,501 19,889 10,419 Historical Annual Growth ‘00-‘19 2.8% 2.1% 1.3% 1.9%
INCOME 2019 Est. Average HH Income $72,664 $76,438 $68,483 $73,801 2019 Est. Median HH Income $63,897 $65,434 $58,381 $62,904
MISC. 2019 Median Home Value * $165,831 $173,199 $162,648 $168,453 2019 Median Rent $671 $680 $616 $666 2019 Est. Median Age 32.1 33.9 33.1 33.7 2019 Average Travel Time to Work 14.6 13.9 13.3 14.0 2019 Est. Labor Population Age 16+ 3,613 21,896 43,495 23,819 2019 Est. Total HH Expenditure $97.79 M $615.9 M $1.17 B $657.29 M
Colliers International Idaho | 755 West Front Street, Suite 300 Boise, Idaho 83702 | www.colliers.com/idaho | 208 345 9000 YELLOWSTONE INDUSTRIAL PARK LAND
AREA OVERVIEW MAJOR AREA EMPLOYERS Pocatello serves as the educational and commercial center for Eastern Idaho with an economy driven by research, food production/processing, semiconductor design, wafer fabrication, medical, manufacturing and fabrication, data processing and telecommunications. The metro area has approximately 85,000 people and more than 160,000 in the larger trade area. Pocatello offers shopping, theater, movies, museums, parks, golf courses, a zoo and both a hot springs 4,162 1,200 EMPLOYEES resort and ski area within 1/2 hour drives. The trade area is economically and culturally diverse with EMPLOYEES several large industry leading companies and Idaho State University, the 3rd largest university in Idaho. The Shoshone-Bannock Tribe, located on the Fort Hall Reservation just north of the Pocatello Metro Area contributes $400 million to the regional economy each year. Idaho is known for world-class recreation and Pocatello is in the middle of an unspoiled outdoor 1,000 2,200 EMPLOYEES paradise. Millions of acres of publicly managed land surround the city with endless mountains, cliffs, EMPLOYEES lakes, rivers, and natural hot springs offering an abundance of outdoor recreation. Popular activities include fishing, hunting, rock climbing, water skiing, rafting, swimming, snow skiing, hiking, mountain biking, snowmobiling, and horseback riding. 2,200 600 ACCLAIM FOR IDAHO & POCATELLO EMPLOYEES EMPLOYEES
455 600 EMPLOYEES EMPLOYEES
1,100 EMPLOYEES
Colliers International Idaho | 755 West Front Street, Suite 300 Boise, Idaho 83702 | www.colliers.com/idaho | 208 345 9000 YELLOWSTONE INDUSTRIAL PARK LAND Area Overview
IDAHO TAX OVERVIEW Sales and Use Tax in Idaho is 6%. This would apply to items purchased or consumed in Idaho. Exemptions are available for CORPORATE equipment and raw materials used directly in manufacturing, MINIMUM INCOME TAX processing, or fabrication; clean rooms used in semiconductor and 7% $7.25/hr WAGE semiconductor equipment manufacturing; and any equipment or material used in research and development activities. SALES & USE TAX We do not tax services including telecommunication services, and 6% utilities such as water, gas, electricity, or natural gas. In our region we do not have any local option sales tax. STATE UNEMPLOYMENT INSURANCE RATE Property Tax personal (machinery/equipment) and real (land/ 1.91% buildings) – based on market value. 2018 Average Rates: Ada County: 1.1% - 1.8% 1.6%-7.8% Bannock County: 0.8 - 1.2% PERSONAL INCOME TAX Bonneville County: 0.77% #2 BEST RATE RANGE Canyon County: 1.5% - 2.5% Rate range on a bracketed Elmore County: 1.8% STATE system based on income levels Twin Falls Count: 0.82% Property tax rate (2013 Tax Foundation Study) Idaho does not have an inventory tax. Corporate Income Tax – Computed at 7.4% of the Idaho taxable income of a corporation. Corporations that are taxable in Idaho PROPERTY and another state or country or are part of a unitary group of UNION MEMBERSHIP corporations, use a 3 factor formula to ascertain how much of the EXEMPTION business is conducted in Idaho. The apportionment formula is made 7.1% (NAT’L AVG: 11.9%) First $100,000 of personal up of a property factor, a payroll factor, and a sales factor. These property is exempt from taxation three factors, with the sales factor being double weighted for all taxpayers except for electrical and telephone companies, are totaled IDAHO IS A and divided by 4 to compute the Idaho apportionment factor. The Idaho apportionment factor is then applied to the business income of right to work the corporation to compute income assigned to Idaho. Non-business STATE income allocable to Idaho is added to the income apportioned to Idaho to arrive at Idaho taxable income.
Colliers International Idaho | 755 West Front Street, Suite 300 Boise, Idaho 83702 | www.colliers.com/idaho | 208 345 9000 YELLOWSTONE INDUSTRIAL PARK LAND 0 Yellowstone Avenue | Chubbuck, Idaho
In partnership with:
JOSH MCFADYEN JIM MORPHEY 760 930 7945 208 251 3660 [email protected] [email protected]
Colliers International Idaho | 755 West Front Street, Suite 300 Boise, Idaho 83702 | www.colliers.com/idaho | 208 345 9000