1135 N Hickory Ave - Warehouse FOR SALE


Meridian, ID 83642- Northeast Meridian
$35,000,000 USD
208-570-2303
1135 N Hickory Ave, Meridian, ID for Sale
$35,000,000 USD
Warehouse - FOR SALE
1/13
null | 5.87% Cap Rate

1135 N Hickory Ave
Meridian, ID 83642
Northeast Meridian


HIGHLIGHTS

  • Strong, newer construction, multitenant industrial investment opportunity.
  • 100% occupied with five stable tenancies, renewal options, and 3% annual escalations.
  • Rare and desirable North Meridian industrial of premier quality and well-maintained building.
  • Equipped with 3, 12’x14’ grade level doors (1 north elevation, 2 east), 12 dock doors with elevation of 4’ below finish floor and manual lift levelers
  • Excellent accessibility, signalized intersection at Eagle Road & Pine Avenue as well as Fairview Avenue and Hickory Avenue, just 4 minutes from I-84
  • Conveniently located off primary Treasure Valley corridor near major area retailers, services, and employers.

OVERVIEW

Introducing a prime industrial investment opportunity in the heart of the Boise MSA area. This 207,060 SF industrial building boasts 100% occupancy with five stable tenancies, renewal options, and 3% annual escalations, guaranteeing a strong and consistent return. Featuring 3 grade-level doors and 12 dock doors, the newer construction and well-maintained premises offer a premier investment in a rare and desirable industrial location. With excellent accessibility and proximity to major transportation routes, this property is a strategic asset in an attractive and flourishing market.

FOR SALE DETAILS

PRICE

$35,000,000 USD

PRICE/SF

$169 USD /SF

CAP RATE

5.87%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Hickory Warehouse

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2022

UTILITIES

-

CLEAR CEILING HT

26.583333333333332 Ft

DOCKS

16

DRIVE INS

4

PARKING SPACES

227

LAND DETAILS

LAND ACRES

9.88

LAND SF

430,242

ZONING

I-L

APN/PARCEL ID

R3073790250

ASK ABOUT THIS PROPERTY

Sydney ParksTOK CommercialMore Info
208-570-2303

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Sydney ParksTOK CommercialMore Info
208-570-2303

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