507 E 45th St - R&D FOR SALE


Garden City, ID 83714
$3,600,000 USD
507 E 45th St, Garden City, ID for Sale
$3,600,000 USD
R&D - FOR SALE
1/13
null | Request Cap Rate

507 E 45th St
Garden City, ID 83714


HIGHLIGHTS

  • Has had over $1 million in renovations in the last 4 years

OVERVIEW

Lee & Associates is pleased to present this one of a kind office/warehouse/flex building in Garden City. Sitting next to the Boise River, this building can be used in a variety of combinations for an owner/user or investment property. Garden city is quickly becoming an area where properties like this are becoming less common. The office suite offers approximately 4,116 SF of remodeled space that has been built-out to house three separate tenants (currently one user). The common area includes a shared lobby, very large updated kitchen/breakroom and refined bathrooms. In line with the office is approximately 10,000 SF of clean warehouse with a variety of roll-up doors and small built out offices; all recently renovated. The green-conscious renovation of this property included all new LED lighting resulting in significant savings in Idaho Power utility costs each year. The parking lot in the front of the building holds 30 cars and there is a contractors yard that is ±20,000 SF that is being leased currently. There is also a 232 SF outbuilding with a roll up door that is being leased, which has plenty of power and a bathroom.

FOR SALE DETAILS

PRICE

$3,600,000 USD

PRICE/SF

$240 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Flex

PROPERTY SUBTYPE

R&D

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1970

UTILITIES

Lighting, Gas - Natural, Water - City, Sewer - City, Heating - Gas

CLEAR CEILING HT

15 Ft

DOCKS

-

DRIVE INS

2

PARKING SPACES

32

LAND DETAILS

LAND ACRES

1.29

LAND SF

56,192

ZONING

C-2D

APN/PARCEL ID

R2734522225

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