offering memorandum professional office

GEORGE ILIFF 208 472 1660 [email protected]

6075 E HUNT AVENUE | NAMPA, ID

230 N HUNT AVENUE | ONTARIO, OR

Offering Memorandum

PROFESSIONAL OFFICE SINGLE TENANT TWO BUILDING PORTFOLIO SALE

C o l l i e r s I n t e r n a t i o n a l I d a h o | 5 7 0 0 E F ra n k l i n Ro a d S u i t e 1 0 0 , N a m p a , I d a h o 8 3 6 8 6 | w w w . co l l i e r s . co m / i d a h o | 2 0 8 3 4 5 9 0 0 0

Pricing: (both properties) $5,395,000

NOI: $360,000

Cap Rate: 6.67% (Blended)

INVESTMENT SUMMARY

» Two Professional Office Building Portfolio Sale

» The portfolio is being offered for sale by the Seller, Nichols Accounting, which operates an accounting firm serving clients across Idaho and Oregon

» Nichols Accounting was founded in 1974 and has been a long standing and valued member of the communities it serves

» Simultaneous to closing Seller will execute two new NNN leases for the entirety of both buildings

» The Ontario, OR building lease will be a 5 year lease at $12,500/mo NNN

» The Nampa, ID building lease will be a 10 year lease at $17,500/mo NNN

» Blended Cap Rate for both buildings yields a 6.67% return to investors

Highlights


The Nichols Accounting Group is a professional accounting firm founded by Pete Nichols in 1974. The firm was founded in Ontario, OR and subsequently opened additional offices in Nampa, ID and Boise, ID. Nichols accounting prides itself as trusted advisors with an unwavering commitment to quality. Nichols is in the public accounting industry because they love to work with people and be a part of helping them in their planning and education. Nichols Accounting is one of the premier accounting firms in Eastern Oregon and SW Idaho. Nichols Accounting has strong community ties and is well known in the communities it serves.

www.nicholsaccounting.com

TENANT PROFILE

https://www.nicholsaccounting.com/


Property Overview

Property Type: Investment Sale

Building Size: 10,750 SF

Land Size: 1.08 Acres

Year Built: 2017

Zoning: GB1

Parcel: R31067101A0

Parking: 39 Stalls

6075 E HUNT AVE | NAMPA, ID

Highlights

» Single story professional office building

» This lease will be a 10 year lease at: $17,500/mo NNN

» Class A quality interior and exterior finishes

» Located in the Idaho Center Business Park, surrounded by professional offices and retail

» Located across the Street from the Ford Idaho Center and located half a mile from Interstate 84

» Building has approximately 3,000 SF of unfinished space which Seller will finish


Gallery6075 E HUNT AVE | NAMPA, ID



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LEGEND

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LOCATION OF FIRE EXTINQUISHER CABINET(SEMI-RECESSED). SEE DETAIL /D6 A8.0

LINE OF CANOPY ABOVE

KEYNOTES1 CONTRACTOR TO LEAVE CONCRETE SLAB AND VAPOR BARRIOR OUT

OF AREA FOR FUTURE T.I.

5'-0" X 5'-0" CONRETE STOOP.

PROVIDE TEMPORARY 5'-0" X 5'-0" CONCRETE STOOP INTO SHELLEDSPACE.

2 BLOCK OUT FOR FUTURE OPPENING. INSTALL TEMPORARY DOOR ASDESIRED BY OWNER.

3 DRINKING FOUNTAIN LOCATION. SEE PLUMBING.

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WATER HEATER, SEE MECHANICAL.9

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GENERAL NOTES1. EXTERIOR DIMENSIONS ARE TO FACE OF FOUNDATION, CENTERLINE

OF COLUMN OR ROUGH OPENING UNLESS OTHERWISE NOTED. SEEWALL SECTIONS FOR RELATIONSHIP OF FRAMING/FINISHES TO FACEOF FOUNDATION.

2. INTERIOR DIMENSIONS ARE TO CENTERLINE OF COLUMN ORCENTERLINE OF WALL UNLESS OTHERWISE NOTED.

3. ALL INTERIOR WALLS SHALL EXTEND FROM FINISH FLOOR TOBOTTOM OF DECK UNLESS NOTED OTHERWISE.

4. SEE SHEET A3.1 FOR WINDOW ELEVATIONS AND SHEET A3.0 FORDOOR ELEVATIONS.

5. SEE FINISH FLOOR / ROOM FINISH SCHEDULE SHEET A2.1 FORFLOOR FINISH INFORMATION.

6. SEE CIVIL DRAWINGS AND SHEET A1.0 FOR RELATIONSHIP OFSITE.

7. PROVIDE SOUND ATTENUATION INSULATION (092900) AT ALLINTERIOR WALLS FROM FLOORS TO DECK U.O.N.

9. REFER TO WALL SECTIONS FOR EXTERIOR WALLREQUIREMENTS.

10. SEE DETAIL FOR TYPICAL FIXTURE MOUNTING AND ADAREQUIREMENTS.

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Floor Plan


Location6075 E HUNT AVE | NAMPA, IDCLICK ON THE FOLLOWING LINKS: Google Map Street View

SITE

https://goo.gl/maps/wtnd6n4ooZ1QdSEb6

https://goo.gl/maps/GSKvvK4HD1H5F2Yj7



Local Area Overview - Nampa

• Idaho’s 3rd largest city and the western anchor of the Treasure Valley where nearly half of Idahoans reside

• Undeniable quality of life, affordability and urban proximity make it one of the most desirable places to live in the West

•

• Known for it’s successful food processing, agribusiness and manufacturing companies, but also has attracted a large mix of retail and restaurants

•

• The City of Nampa’s targeted industries of food processing, agribusiness, technology and manufacturing continue to flourish. Back office/shared services, recreation technology and healthcare are industries that are emerging quickly

2020 population

133,0042019 Average Household Income

$72,303

AverageWeather

78

Best Place to LiveLivability

#1


Property Overview230 N OREGON ST | ONTARIO, OR

Property Type: Investment Sale

Building Size: 16,800 SF

Land Size: 0.61 Acres

Year Built: 1963 (Remodeled in 2020/2021)

Zoning: 0-12

Parcel: 18S47E03CB06300

Parking: Ample

Highlights

» A single story professional office building with basement

» This lease will be a 5 year lease at: $12,500/mo NNN

» Professional office building occupied by Nichols Accounting for over 25 years

» Building recently updated

» Building is separated out over two levels

» Basement is primarily used for storage

» City of Ontario is undergoing a rezone for properties along N Oregon St to commercial zoning which will include this property


Gallery230 N OREGON ST | ONTARIO, OR


Floorplan

Entrance

230 N OREGON ST | ONTARIO, OR


Location230 N OREGON ST | ONTARIO, ORCLICK ON THE FOLLOWING LINKS: Google Map Street View

SITE

https://goo.gl/maps/aBXa2ZABX3MJwTyv7

https://goo.gl/maps/qHG6sAZ3xSKA3EtL9


Area Overview — Ontario, Oregon

Often referred to as “Where Oregon Begins” Ontario, Oregon is the largest city in Malheur County in Eastern Oregon. Located in the westernmost portion of the Treasure Valley, the land in Ontario is dotted with rugged scenic vistas, ranches and world-class agricultural land.

The City of Ontario is actively engaged in economic development by creating a partnership with the Snake River Economic Development Alliance, Malheur County Economic Development, and the Governors Eastern Region Coordinator Solutions Team. Ontario has a diverse economy and some of the largest area employers including: Saint Alphonsus, Heinz Frozen Food Company, Treasure Valley Community College and public utility companies for Idaho and Oregon.

This energetic community has annual cultural events such as; Japanese Obon Festival, Mexican Cinco De Mayo, America’s Global Village Festival, the Buck-a-Roo Supper, the Great Owyhee Ride Against Hunger, and more.

Ontario is part of the metropolitan Treasure Valley, alongside Boise, Meridian, Nampa, and Caldwell, which is home to nearly 1 million people.

OntarioOntario

Area Overview230 N OREGON ST | ONTARIO, OR

offering memorandum professional office

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