6312-6316 W Overland Rd - Freestanding FOR SALE


Boise, ID 83709
$2,825,000 USD
208-440-5000
6312-6316 W Overland Rd, Boise, ID for Sale
$2,825,000 USD
Freestanding - FOR SALE
1/5
null | 6.25% Cap Rate

6312-6316 W Overland Rd
Boise, ID 83709


HIGHLIGHTS

  • Major East-West 5 lane road
  • 1/2 mile to Overland / Cole / I-84 interchange
  • Great tenant signage

OVERVIEW

Total Shopping Center is 6200 through 6326 W. Overland . . . The Randolph-Robertson Center includes Aloha Spa on the West through Pronto Lube on the East. Separate legals make it easy to spin off Pronto Lube. That business owner would like to buy. 2 of the smaller tenants have been there for 3 or 4 years . . . the rest 15 to 20 years and not leaving. 100% occupancy. Sale due to partner deaths. First time for sale. Started developing in the 1950's including the large residential tract to the North. 1 of the buildings is new in about 2004. All have been refurbished several times. Listed Price / Cap rate based on 2023 income/expenses. 2024 income is up, expenses about the same. Won't have 2024 financials till end of January or so. Cap rate at listed price will then probably be 7+ or so. Undeveloped pad between buildings probably ready for another 3,000+ SF building. See listing package for tenant and leasing information.

FOR SALE DETAILS

PRICE

$2,825,000 USD

PRICE/SF

$273 USD /SF

CAP RATE

6.25%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Storefront, Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1957

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.19 AC

LAND SF

95,396 SF

ZONING

MX-1 & MX-2

APN/PARCEL ID

R7335500262,R7335500265,R7335510040, R7335510032,R7335500392,

ASK ABOUT THIS PROPERTY

Roger W WoodWinston Commercial Real Estate ServicesMore Info
208-440-5000

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Roger W WoodWinston Commercial Real Estate ServicesMore Info
208-440-5000

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.