for sale & lease downtown owner / user opportunity€¦ · independently owned and operated / a...

4
Listing Features Street Level Condominiums with Private Offices, Tenant Improvement Allowance Available for Custom Build-Outs, Contact Agents for Details & Amount Excellent Location in the Old Boise Historic District, just 2 Blocks from the Heart of the Downtown Business District High Visibility, Building Signage Space Included Art Deco Styling Includes Lighted Translucent Glass Awnings, Fiber Optic Exterior Building Lighting & more Property is West of the Intersection of Main & Broadway which Provides Easy Access to Surrounding Areas & the Interstate 84 Connector Close to City Hall, County Offices, Main Post Office, The State Capitol Building, Professional Office Tenants, Retailers, Restaurants, Coffee Shops & Residential Contact Agents to Schedule a Walk Through Today!! Property Highlights Condo For Lease 2,160 SF Lease Rate $24.00/SF NNN T.I. Allowance Negotiable, Contact Agents Two Condos For Sale 5,870 SF Total Sale Price $1,900,000 NOI $77,696 Zoning City of Boise C-5HD Building Size 50,000 SF Total Potential Uses Office or Retail Condominium Location Hard Corner of 5th & Main Street Parking 1 Dedicated Underground Stall Parcel # R9003720020 Availability Immediate LockBox No, Contact Agents to Schedule Jennifer McEntee Director Office Specialist +1 208 287 9495 [email protected] DJ Thompson Associate Director Office Specialist +1 208 287 8438 [email protected] Bree Wells Associate Office Specialist +1 208 287 9492 [email protected] Cushman & Wakefield Copyright 2015. No warranty or representation, express or implied, is made to the accuracy or completeness of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions imposed by the property owner(s). As applicable, we make no representation as to the condition of the property (or properties) in question. Independently Owned and Operated / A Member of the Cushman & Wakefield Alliance Downtown Owner / User Opportunity 420 West Main Street, Boise, Idaho 83702 FOR SALE & LEASE CORNER OF 5TH & MAIN STREET 398 South 9th Street, Ste 260 Boise, Idaho 83702 Main +1 208 287 9500 Fax +1 208 287 9501 paccra.com

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Page 1: FOR SALE & LEASE Downtown Owner / User Opportunity€¦ · Independently Owned and Operated / A Member of the Cushman & Wakefield Alliance Downtown Owner / User Opportunity 420 West

Listing Features

• Street Level Condominiums with Private Offices, Tenant Improvement Allowance Available for Custom Build-Outs, Contact Agents for Details & Amount

• Excellent Location in the Old Boise Historic District, just 2 Blocks from the Heart of the Downtown Business District

• High Visibility, Building Signage Space Included

• Art Deco Styling Includes Lighted Translucent Glass Awnings, Fiber Optic Exterior Building Lighting & more

• Property is West of the Intersection of Main & Broadway which Provides Easy Access to Surrounding Areas & the Interstate 84 Connector

• Close to City Hall, County Offices, Main Post Office, The State Capitol Building, Professional Office Tenants, Retailers, Restaurants, Coffee Shops & Residential

• Contact Agents to Schedule a Walk Through Today!!

Property Highlights

Condo For Lease 2,160 SF Lease Rate $24.00/SF NNN T.I. Allowance Negotiable, Contact Agents

Two Condos For Sale 5,870 SF Total Sale Price $1,900,000 NOI $77,696

Zoning City of Boise C-5HD

Building Size 50,000 SF Total

Potential Uses Office or Retail Condominium

Location Hard Corner of 5th & Main Street

Parking 1 Dedicated Underground Stall

Parcel # R9003720020

Availability Immediate

LockBox No, Contact Agents to Schedule

Jennifer McEnteeDirectorOffice Specialist +1 208 287 9495 [email protected]

DJ Thompson Associate DirectorOffice Specialist +1 208 287 8438 [email protected]

Bree WellsAssociateOffice Specialist +1 208 287 9492 [email protected]

Cushman & Wakefield Copyright 2015. No warranty or representation, express or implied, is made to the accuracy or completeness of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions imposed by the property owner(s). As applicable, we make no representation as to the condition of the property (or properties) in question.

Independently Owned and Operated / A Member of the Cushman & Wakefield Alliance

Downtown Owner / User Opportunity 420 West Main Street, Boise, Idaho 83702

FOR SALE & LEASE

CORNER OF 5TH & MAIN STREET

398 South 9th Street, Ste 260 Boise, Idaho 83702Main +1 208 287 9500 Fax +1 208 287 9501paccra.com

Page 2: FOR SALE & LEASE Downtown Owner / User Opportunity€¦ · Independently Owned and Operated / A Member of the Cushman & Wakefield Alliance Downtown Owner / User Opportunity 420 West

Downtown Owner / User Opportunity 420 West Main Street, Boise, Idaho 83702

FOR SALE & LEASE

For Lease: 2,160 SF - $24.00/SF NNN

For Sale: $1,900,000 - 5,870 SF Total

Building Common Area (Not A Part)

Office/Retail Condominiums - Tenant Improvement Allowance

Jennifer McEnteeDirectorOffice Specialist +1 208 287 9495 [email protected]

DJ Thompson Associate DirectorOffice Specialist +1 208 287 8438 [email protected]

Bree WellsAssociateOffice Specialist +1 208 287 9492 [email protected]

Cushman & Wakefield Copyright 2015. No warranty or representation, express or implied, is made to the accuracy or completeness of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions imposed by the property owner(s). As applicable, we make no representation as to the condition of the property (or properties) in question.

Independently Owned and Operated / A Member of the Cushman & Wakefield Alliance

398 South 9th Street, Ste 260 Boise, Idaho 83702Main +1 208 287 9500 Fax +1 208 287 9501paccra.com

NOT A PART

NOT A PART

CONDO COMMON AREA

LEASED

MAIN STREET

Page 3: FOR SALE & LEASE Downtown Owner / User Opportunity€¦ · Independently Owned and Operated / A Member of the Cushman & Wakefield Alliance Downtown Owner / User Opportunity 420 West

Cushman & Wakefield Copyright 2015. No warranty or representation, express or implied, is made to the accuracy or completeness of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions imposed by the property owner(s). As applicable, we make no representation as to the condition of the property (or properties) in question.

Independently Owned and Operated / A Member of the Cushman & Wakefield Alliance

Downtown Owner / User Opportunity 420 West Main Street, Boise, Idaho 83702

FOR SALE & LEASE

Aerial / Demographics

DemographicsPopulation 1 Mile 2 Mile 3 Mile

2018 Estimated Population 12,765 46,558 89,285

2023 Projected Population 13,788 49,754 95,019

Households

2018 Estimated Households 6,560 22,438 41,553

2023 Projected Households 7,210 24,127 44,430

2018 Est. Average HH Income $54,414 $70,647 $71,752

2023 Est. Average HH Income $63,841 $82,197 $82,773

Businesses / Employees

Total Businesses 2,553 3,863 5,858

Total Daytime Population 52,185 66,240 91,776SOURCE: U.S. BUREAU OF THE CENSUS, 2010 CENSUS OF POPULATION AND HOUSING. ESRI FORECASTS FOR 2018 AND 2023. ESRI CONVERTED CENSUS 2000 DATA INTO 2010 GEOGRAPHY

- BOISE IS THE FASTEST-GROWING AREA IN THE U.S. -By all metrics, Boise is booming, according to a new Forbes list of the fastest-growing cities in the country. Idaho’s capital swept the competition, exceeding 2017 expansion projections “by nearly ever metric that matters,” the business magazine wrote. And according to Moody’s Analytics, the firm that provides data for Forbes’ annual list, Boise’s growth spurt is likely to continue. Boise ranked 11th on last year’s list. “(Boise has) the pieces in place. It’s got the location, it’s got low cost, a healthy tech presence,” Moody’s senior economist Adam Kamins told Forbes.

Boise’s population grew 3.08 percent in 2017 — the highest percentage growth for any major metro area, Forbes said. Read more here: https://www.forbes.com/sites/samanthasharf/2018/02/28/americas-fastest-growing-cities-2018/#2c5f8ed745dc

Site Map420 W Main St, Boise, Idaho, 83702 Prepared by EsriRings: 1, 2, 3 mile radii Latitude: 43.61339

Longitude: -116.19901

January 24, 2017

©2016 Esri Page 1 of 1

SITE

Page 4: FOR SALE & LEASE Downtown Owner / User Opportunity€¦ · Independently Owned and Operated / A Member of the Cushman & Wakefield Alliance Downtown Owner / User Opportunity 420 West

Cushman & Wakefield Copyright 2015. No warranty or representation, express or implied, is made to the accuracy or completeness of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions imposed by the property owner(s). As applicable, we make no representation as to the condition of the property (or properties) in question.

Independently Owned and Operated / A Member of the Cushman & Wakefield Alliance

Downtown Owner / User Opportunity 420 West Main Street, Boise, Idaho 83702

FOR SALE & LEASE

Franklin St

Grove St

Aven

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4th

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Garrison Rd

4th St

Julia Davis Dr

Morrison Knudsen Plaza Dr

Va Hospital Loop

5th

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Cesar Chavez Ln

Jefferson St

Jefferson St

10th

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3rd

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Fulton St

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Elks Ln

Washington St

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Grove St

Bannock StBroad St

Washington St

Washington St

Hays St

Franklin St

Bannock St

Franklin St

Redwood Ct

Fort PlVa

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Aven

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Cesar Chavez Ln

CunninghamPl

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Robbins Rd

6th

St

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State St

State St

13th

St

Myrtle St

Idaho St

Fort St

Front St

9th

St

9th

St

Main St

Main St

8th

St

Avenu

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Park Blvd

4,400 ADT

8,400 ADT

3,900 ADT

14,50

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ADT

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5,30

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18,000 ADT

2,400 ADT

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ADT

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25,000 ADT

MemorialPark

JuliaDavisPark

CapitolPark

C WMoorePark

FortBoisePark

NoblePark

Some Imagery by nearmap - F:\TrafficCount\ID\AdaCo\BoiseDowntown_East.mxd - 2/16/2016 lplant

Downtown EastBoise, Idaho

0 0.03 0.06 0.09 0.12 0.15

Miles

Saint Lukes Medical Center

Elks Hospital

Veterans Hospital

Boise SeniorHigh School

Average Daily Traffic (ADT) courtesy of Idaho Department of Transportation.

ADA COUNTY COURTHOUSE

CIVIC PLAZA & IDAHO WATER CNTR

STATECAPITOL BUILDING

BOISE ZOO JULIA DAVIS PARK

BOISE ART MUSEUM BOISE HISTORICAL MUSEUM

THE DISCOVERY CENTER OF IDAHO

CONCORDIA UNIVERSITY