DEVELOPMENT LAND FOR SALE Boise State BSU University Albertsons Campus Stadium St. Lukes W University Drive Health Systems SITE Boise River Albertsons W Beacon St S Broadway Ave W Parkcenter Blvd Yanke Family Research Park PARKCENTER DEVELOPMENT LAND FOR ADDITIONAL INFORMATION, PLEASE CONTACT: 2.96 Acres David McDonald Moe Therrien Office: 208.343.9300 Office: 208.343.9300 400 & 444 W Parkcenter Boulevard Cell: 208.720.2000 Cell: 208.859.7935 Boise, Idaho Email: [email protected] Email: [email protected] 950 West Bannock Street, Suite 420 • Boise, Idaho 83702 • ( 208) 343- 9300 • icbre.com OFFERING DETAILS ASKING PRICE $2,600,000 TOTAL SITE SIZE 2.96 Acres PROPERTY HIGHLIGHTS • Property could accommodate up to 102 units • Desirable Boise River waterfront location (+/- 765 Ft of frontage) • Utilities to site • 24 Hour Traffic Counts (2016) - 44,018 a.p.d. • Adjacent to Boise Greenbelt system • Near Downtown, Boise State University and major employers ZONING L-OD: The Limited Office District zoning designation allows office development, commercial development and all uses allowed in the Neighboring Office Zone (N-O). Multi-family use is approved with a Conditional Use Permit. LOCATION The property is located on Parkcenter Boulevard, east of the Parkcenter Bridge. Minutes from downtown, Boise State University, and the freeway with nearby shopping and restaurants, the site benefits from excellent street level exposure. * Offers are subject to Seller identifying suitable replacement property. 950 West Bannock Street, Suite 420 • Boise, Idaho 83702 • ( 208) 343- 9300 • icbre.com updated: 07/01/2019 2 3 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. ZONING L-O LIMITED OFFICE DISTRICT All uses allowed in N-O district ALLOWED WITH CONDITIONAL USE PERMIT • All uses permitted in N-O District with a CUP ALLOWED WITH ADMINISTRATIVE APPROVAL • Indoor comm recreation: bowling alley, etc. • All uses authorized by Administrative • Commercial photography studio Approval in the N-O District • Radio and television stations • Child care facility for 13-20 children • Motel/Hotel N-O LIMITED OFFICE DISTRICT ALLOWED WITH CONDITIONAL USE PERMIT • Child care facility up to 5 children • Hospital • Mausoleum • Animal hospital • Offices • Optician shop • Pharmacy ALLOWED WITH ADMINISTRATIVE APPROVAL • Drive-up window • Child care facility between 6-12 children • Club/Lodge/Social Hall • Residence for owner or caretaker • Medical Laboratory • Child care facility for 13 + • Boarding/Rooming/Halfway House 950 West Bannock Street, Suite 420 • Boise, Idaho 83702 • ( 208) 343- 9300 • icbre.com updated: 07/01/2019 3 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. AERIAL MAP Downtown Boise Warm Springs Ave Boise State University W Parkcenter Blvd S Federal Way S Broadway Ave W Overland Rd SITE 950 West Bannock Street, Suite 420 • Boise, Idaho 83702 • ( 208) 343- 9300 • icbre.com updated: 07/01/2019 4 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. STREET MAP SITE 950 West Bannock Street, Suite 420 • Boise, Idaho 83702 • ( 208) 343- 9300 • icbre.com updated: 07/01/2019 5 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. SITE PHOTOS Beacon St Parkcenter Blvd Boise River 950 West Bannock Street, Suite 420 • Boise, Idaho 83702 • ( 208) 343- 9300 • icbre.com updated: 07/01/2019 6 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. DEMOGRAPHICS Radius 1 Mile 3 Mile 5 Mile Population: 2023 Projection 16,474 89,325 157,664 2018 Estimate 15,050 81,979 144,780 Growth 2018-2023 9.46% 8.96% 8.90% Average Age 36.60 38.30 38.30 Households: 2018 Total Households 7,542 37,675 63,297 HH Growth 2018-2023 9.45% 9.00% 8.91% Average Household Size 1.90 2.10 2.20 Average Household Income $60,118 $70,148 $72,257 Housing: Median Home Value $262,794 $247,563 $244,683 Median Year Built 1978 1974 1976 Median Income: < $25,000 2,481 10,643 16,953 $25,000 - $50,000 2,166 9,183 15,004 $50,000 - $75,000 951 5,934 10,347 $75,000 - $100,000 603 3,460 6,531 $100,000 - $125,000 568 3,089 5,171 $125,000 - $150,000 214 1,712 2,964 $150,000 - $200,000 274 1,685 2,790 $200,000 + 285 1,969 3,537 Source: CoStar Property 950 West Bannock Street, Suite 420 • Boise, Idaho 83702 • ( 208) 343- 9300 • icbre.com updated: 07/01/2019 7 2 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. BROKER BIOGRAPHIES REAL ESTATE PRACTICES WORK HISTORY Hard work, perseverance and integrity have made David McDonald a leader Licensed Broker for 27 years in the commercial investment field. David specializes in consulting and Commercial Real Estate Appraiser for 38 years brokerage of investment properties including apartments, industrial, office and retail. • Idaho Commercial Brokerage, LLC (2005): Seller/Buyer Representation – Investment Real Estate Brokerage: apartments, offices, retail, and land. WORK HISTORY • MSA Realty (1999-2004) - Sole Owner, Broker with two agents, Seller/ In a career spanning more than 20 years of real state experience in Idaho, Buyer Representation, Investment Real Estate Brokerage: apartments, office, David has established himself as a powerful force in the real estate retail, residential condominiums and land. DAVID MCDONALD community having successfully completed over 600 transactions. He is MAURICE (MOE) THERRIEN Broker continually ranked among the top 1% of agents in Idaho for total sales Associate Broker • VALBRIDGE Property Advisors (1977-present) - Managing partner, MAI CCIM production and was ranked number one in sales at his previous brokerage Principal, MAI designation 1982. Commercial Real Estate Appraiser: apartments, office, retail, firm, Thornton Oliver Keller Commercial. (208) 720-2000 (208) 859-7935 warehouse, land and special use. [email protected] In November 2002, David founded Idaho Commercial Brokerage with the [email protected] • Ada Real Estate Surveys (1987-present) Ada County apartment surveys, simple mission of providing superior representation and investment advising occupancy and rent tracking services to his clients. With uncompromising integrity, concise market knowledge and extensive experience, David continues to be a leader in his PROFESSIONAL DESIGNATIONS field. Between 2006 and 2010, David developed over 50 million dollars of 1990-present: Licensed Real Estate Broker, State of Idaho residential vacation property in the Sun Valley area. 1990-present: Realtor – Idaho Association of Realtors Growing with the changing demands of the market, David has built strong 1982-present: Member of the Appraisal Institute (MAI) business relationships within the banking community. He has created one 1992-present: Idaho Certified General Real Estate Appraiser of the most comprehensive approaches to developing business and creative loan solutions in the currently ever-changing financial markets. PERSONAL BACKGROUND PROFESSIONAL ACCREDITATION • Boise resident since 1977 • CCIM designation • Married to wife Roxy / 2 children, Marc (35) and Michael (32) • Vice President of the Boise Chapter of the Commercial Investment Real • Washington State University – Bachelors of Arts Degree, Business Estate Institute from 2001-2003 Administration- 1977 Summa Cum Laude • Member of the National Association of Realtors and the Commercial • Raised in Colfax, Washington Investment Real Estate Institute (CCIM) 950 West Bannock Street, Suite 420 • Boise, Idaho 83702 • ( 208) 343- 9300 • icbre.com updated: 07/01/2019 8 2 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. .