304 S Americana Blvd - Refrigeration Cold Storage FOR SALE


Boise, ID 83702- Downtown Boise
$8,250,000 USD
208-947-0831
304 S Americana Blvd, Boise, ID for Sale
$8,250,000 USD
Refrigeration Cold Storage - FOR SALE
1/8
null | 6.27% Cap Rate

304 S Americana Blvd
Boise, ID 83702
Downtown Boise


HIGHLIGHTS

  • 100% occupied with three tenants.
  • Active Artesian well serving the property.
  • First year NOI of $517,200.
  • Exceptional visibility to I-184 Connector traffic.
  • Close proximity to downtown Boise employers, retailers, services, medical and Boise State University.

OVERVIEW

304 Americana delivers a rare opportunity to purchase a significant commercial real estate asset directly outside Boise's downtown core, immediately adjacent to the I-184 connector. This property is currently operated as an office/warehouse and cold storage facility and sits on a 1.73-acre parcel. 304 Americana delivers unique visibility, fronting the high-traffic freeway spur, as one of the first visible buildings to traffic inbound to Boise’s downtown amenities, major employers, and educational institutions. The property is ideally located between downtown and the major wave of development happening in Boise's West End — including the future CWI campus, St. Luke’s new Orthopedic Care Center, and a variety of major multifamily developments. Easily accessed and interconnected with the most populous areas of the Treasure Valley, the property is minutes from Boise State University, I-84, the airport, the Boise River and Greenbelt, central Boise, the North End, and the rapidly developing West End. Zoned for Mixed-Use Downtown Design and Development (MX-5DD), 304 Americana is primed for a large-scale office, commercial, institutional, or residential development in Boise’s River Myrtle-Old Boise Redevelopment District. Future ownership of the property will benefit from the income of three in-place leases, during planning and development, with the ability to terminate with 6 months’ notice. The seller, Boise Cold Storage, will sign a lease at closing to remain in place until its new facility is completed and operational in mid-2026.

FOR SALE DETAILS

PRICE

$8,250,000 USD

PRICE/SF

$303 USD /SF

CAP RATE

6.27%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Refrigeration Cold Storage

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1935

UTILITIES

-

CLEAR CEILING HT

-

DOCKS

6

DRIVE INS

-

PARKING SPACES

40

LAND DETAILS

LAND ACRES

1.73

LAND SF

75,315

ZONING

MX-5DD

APN/PARCEL ID

R7399350437

ASK ABOUT THIS PROPERTY

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208-947-0831

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Michael BallantyneTOK CommercialMore Info
208-947-0831

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