IDAHO | GEM STATE
✴
4345 W. Chinden Blvd.Boise, ID 83714
Portfolio ofIndustrial Buildings
For SaleFor Sale
Owner User/Investment Property
CONTENTS
EXECUTIVE SUMMARY
SECTION 01
INVESTMENT HIGHLIGHTS . . . . . . . 04 FLOOR PLAN . . . . . . . . . . . . . . . . . . . . 05[ ]
INDUSTRIAL OFFERING MEMORANDUM | 2
MARKET STATISTICS
SECTION 02
INDUSTRIAL MARKET STATISTICS . .07
LOCATION
SECTION 03
LOCATION MAP . . . . . . . . . . . . . . . . . 09RETAILER MAP. . . . . . . . . . . . . . . . . . . 11NEARBY AMENITIES . . . . . . . . . . . . . 12LOCATION . . . . . . . . . . . . . . . . . . . . . . 13
DEMOGRAPHICS
SECTION 04
QUICK STATS . . . . . . . . . . . . . . . . . . .16 SUBMARKET . . . . . . . . . . . . . . . . . . . . 17 MARKET . . . . . . . . . . . . . . . . . . . . . . . .18
EXECUTIVE SUMMARY
SECTION 01
INVESTMENT HIGHLIGHTS . . . . . . .04SITE PLAN . . . . . . . . . . . . . . . . . . . . . . 05
INDUSTRIAL OFFERING MEMORANDUM | 3
PROPOSAL FOR SERVICES | 3
PROPOSAL FOR SERVICES | 3
INVESTMENT HIGHLIGHTS
BUSINESS: $1,070,000PROPERTY: $730,000TOTAL PRICE: $1,800,0001 OFFICE BUILDING SF: 4532 REPAIR SHOPS SF: 2,400 (EACH)
1 REPAIR SHOP SF: 3,200PRICE PER SF: $86.36ZONING: C-1 & C-2
SITE AREA . . . . . . . . . . . . . . . . . .66 AC
PARKING . . . . . . . . . . . . . . . . . . 24 Stalls
FREEWAY ACCESS . . . . . . . . . . 1.43 Miles
INDUSTRIAL OFFERING MEMORANDUM | 4
BUILDING TYPE: INDSTRIAL/RETAILOVERHEAD DOORS: (4)12X12 & (1)14X12POWER: 3-PHASEHYDRAULIC LIFTS: 7
Lee & Associates is pleased to present this rare opportuni-ty to purchase a turn-key automotive repair business with prime real estate, located in Garden City, Idaho. The Proper-ty includes three separate shops with office space, and am-ple parking for customers. This local automotive repair shop has been successfully doing business in the Treasure Val-ley for over forty years with a loyal customer following.
****Contact agent for showing details and NDA for finan-cials. Please do not disturb the tenant.
THIS PORTFOLIO OF INDUSTRIAL BUILDINGS IS LOCATED ON CHINDEN BLVD., A PRIME REAL ESTATE LOCATION IN GARDEN CITY, IDAHO
SITE PLAN
INDUSTRIAL OFFERING MEMORANDUM | 5
W. C
hind
en B
lvd.
1
2
3
4
1: Repair Shop 3,200 SF(2) 12’ x 12’ OHD
Office and restroom
2: Repair Shop 2,400 SF(2) 12’ x 12’ OHD
Hunter Tire Allignment MachineIdaho AIR Program Emmisions Retest Station
3: Repair Shop 2,400 SF(1) 14’ x 12’ OHD
4: Office Building 453 SFBaymaster Client Data Base
Stoc
kton
St.
30K RV Lift
MARKET STATISTICS
SECTION 02
INDUSTRIAL MARKET STATISTICS . . 07
INDUSTRIAL OFFERING MEMORANDUM | 6
INDUSTRIAL MARKET STATISTICS
Availability & Vacancy Rate
0%
5%
10%
15%
20%
25%
30%
35%
40%
Forecast
15 16 17 18 19 20 21 22 23 24 25
© 2020 CoStar Realty Information Inc. 01/09/2020
Vacancy & Market Rent Per SF
Vaca
ncy
Rat
e
0%
5%
10%
15%
20%
25%
30%
35%
40%
45%
Mar
ketR
ent/S
F
$6.40
$6.60
$6.80
$7.00
$7.20
$7.40
$7.60
$7.80
$8.00
$8.20
Forecast
15 16 17 18 19 20 21 22 23 24 25
© 2020 CoStar Realty Information Inc. 01/09/2020
Vacancy Rate & Price Per SFAvailability & Vacancy Rates
INDUSTRIAL OFFERING MEMORANDUM | 7
LOCATION
SECTION 03
LOCATION MAP . . . . . . . . . . . . . . . . . 09RETAILER MAP. . . . . . . . . . . . . . . . . . . 11NEARBY AMENITIES . . . . . . . . . . . . . 12LOCATION . . . . . . . . . . . . . . . . . . . . . . 13
INDUSTRIAL OFFERING MEMORANDUM | 8
LOCATION MAP
INDUSTRIAL OFFERING MEMORANDUM | 9
LOCATION MAP
INDUSTRIAL OFFERING MEMORANDUM | 10
W. Chinden Blvd. 34,000 + VPD
Downtown Boise
RETAILER MAP
INDUSTRIAL OFFERING MEMORANDUM | 11
Chinden Boulevard W. Ustick Road
Split Rail Winery
Boise Motorsports
Bella Brewing
Advance Auto Parts
Custom Truck
Jackson’s Food Stores Wholesale
Auto Dealers
O’Reilly Auto Parts
Mac’s Auto Repair
NEARBY AMENITIES
Boise Airport (BOI)
5.17 Miles Away
FOODMcDonalds, Starbucks
Barrel House, Idaho Pizza Company, Flying Pie, Kyo-
to Japanese Steakhouse
GROCERYGrocery Outlet
Albertsons, Walmart, Winco
Retail & Entertainment
Boise Towne Square,Franklin Towne Plaza,Boise Spectrum Center
SERVICE &OTHER
Advance Auto Parts The UPS Store, J’s Ultimate
Hand Car Wash, Republic Storage, Chinden DMV,
The Beardsmith
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
INDUSTRIAL OFFERING MEMORANDUM | 12
BOISE STATISTICS
For more information on the Treasure Valley’s Accolades, please visit:www.bvep.org
www.compassidaho.org
Boise, Idaho is the state capital, the third largest city in the Pacific Northwest, and the county seat of Ada County. Located on the Boise River in southwestern Idaho, the population of Boise is currently 241,368. Once a hub for extraction industries, the city is now a center for high tech, agribusiness, food processing, shared services, manufacturing and state government. The major employers located in Boise include Albertsons, J.R. Simplot Company, Idaho Pacific Lumber Company, Idaho Timber, WinCo Foods, Bodybuilding.com and Clearwater Analytics. Other major industries have a presence in Boise such as Hewlett Packard and Wal-Mart.
2.6% Unemployment Rate
1.3% Lower than National Average
INDUSTRIAL OFFERING MEMORANDUM | 13
Boise is an attractive destination for businesses seeking lower prices than those in California orWashington, where, per a KPMG report, the cost of doing business is roughly a third higher. Boise housing prices are also substantially more affordable. Metro employers benefit from a healthy university pipeline, with several institutions of higher education. Boise State University, the largest, enrolls around 26,000 students and employs 2,400 fulltime employees. Other major metro employers include Micron Technology, which employs roughly 6,700, and Hewlett-Packard, with about 2,000 workers.
FORBES #2
PLACE TO LIVE
DEMOGRAPHICS
SECTION 04
QUICK STATS . . . . . . . . . . . . . . . . . . .16 SUBMARKET . . . . . . . . . . . . . . . . . . . . 17 MARKET . . . . . . . . . . . . . . . . . . . . . . . .18
INDUSTRIAL OFFERING MEMORANDUM | 14
MILES TO DOWNTOWN BOISE MILES TO I-84
1. 43Miles
1.93Miles
BOISE, IDAHO
226,000 2019 Population
“This is a unique opportunity to purchase a quality industrial asset with excellent visibility and 34,000 plus vehicles passing by per day.”
..........
. - Jeramie Thornton
QUICK STATISTICS
INDUSTRIAL OFFERING MEMORANDUM | 15
SUBMARKET
DEMOGRAPHIC HIGHLIGHTSThis industrial property is positioned in one of the busiest submarkets in Boise. With a population of over 212,998 residents, Boise is one of the fastest growing cities in the United States. The population has nearly doubled since 1990 and is expected to increase an addi-tional 3% by 2024.
2019 POPULATION& INCOME
Average Income$52,083
Population10,294
2019 POPULATION& INCOME
Average Income$64,229
Population108,888
2019 POPULATION& INCOME
Average Income$69,697
Population212,298
[ ]
5 MILE RADIUS
3 MILE RADIUS
1 MILE RADIUS
INDUSTRIAL OFFERING MEMORANDUM | 16
✴
4.78 Miles10 Minutes
From Airport
Greater Boise Area
AREA SUMMARYLocated on the Boise River, Boise is the capital of Idaho and the third-most populous metro in the Pacific Northwest, after Seattle and Portland. Boise boasts a diverse pool of local employers. Several significant companies are headquartered in the metro, including Albertsons, Simplot,
MARKET
IN THE NEWSLast year Boise was named top place to live on Livability’s Best Places To Live survey. There were over 1,000 cities, be-tween 20,000 and one million that Boise out ranked to take the top spot. Job opportunity, afordability, entrpreneurship, and safety were among the top reasons why Boise draws in so many people.
Clearwater Analytics, and Micron Technology. Boise is at full employ-ment, with unemployment trend-ing below 3% since 2017. Starting in 2011, local employment growth has outpaced national performance, with gains generally far stronger in Boise than in the United States as a whole.
INDUSTRIAL OFFERING MEMORANDUM | 17
IDAHO | GEM STATE
✴
1.43 Miles5 Minutes
From Downtown
CONTACT INFO
PROPOSAL FOR SERVICES | 24
Jeramie Thornton
Principal
Associate
O 208.343.2300C 208.999.2911F [email protected] 802 W. Bannock Street, 12th FloorBoise, ID 83702
O 208.343.2300C 208.999.1743F [email protected] 802 W. Bannock Street, 12th FloorBoise, ID 83702
INDUSTRIAL OFFERING MEMORANDUM | 18
All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made to the accuracy thereof and same is submitted to errors, ommissions, change of price, rental or other conditions prior to sale, lease or financing or withdraw-al without notice. No liability of any kind is to be immposed on the broker herein.
Michael L. Bergmann