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Multi-Tenant Warehouse Investment
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Pending

300 N SteeLhead way, Boise, ID 83704

60,000 SF West Boise warehouse with four established tenants and quick access to I-84.

Property Size60,000 SF
Days on Market134

Property Features for 300 N SteeLhead way

General Information

Standard status Pending
Size 60,000 SF
Property subtype Industrial, Retail

Additional Details

Cap Rate 6.41%
Highway Access Yes

Building Details

Tenancy Multi
Listing Agency: TOK Commercial
Listed By: Devin Pierce · License #ID SP30526
Source: Crexi
Added: Apr 10 Changed: Aug 17 Last Checked: Aug 19 at 5:51AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of TOK Commercial

Investment Insights

Based on property information with market context.

Westpark III is a 60,000 SF warehouse property in West Boise, offering income from four established tenants: Boise Office and Moving, Factory Motor Parts, Libby Owens Glass, and Standard Restoration. The building is presented as an investment opportunity with pricing noted below replacement cost and includes a reported 6.41% capitalization rate. The offering materials also indicate below-market lease rates.

The property is located at 300 N Steelhead Way in the West Boise area, conveniently positioned near restaurants and services and described as having quick access to I-84. The combination of multiple tenants and ongoing occupancy is intended to support investor portfolio diversification.

Key Highlights

  • 60,000 SF West Boise warehouse in Westpark III
  • Four established tenants: Boise Office and Moving, Factory Motor Parts, Libby Owens Glass, and Standard Restoration
  • Convenient location in West Boise off Emerald Street with quick access to I‑84

Property Analytics

Current Use

Boise Moving and Storage Storage Facility

Suggested Use

Top Pick Grocery & Convenience Store Law Firm Hotel & Motel Storage Facility Electrical Service Garden Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Multi-tenant
Tenancy
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

1,375
Businesses Nearby
Balanced
Demand for This Use

Demographics for 83704, ID

42,430
Population
17,776
Households
2.4
Avg Household Size
37
Median Age
32%
College-Educated
92%
High-School Grad
8.8 sq mi
ZIP Area
4,822
Density / Sq Mi
$70,806
Median Household Income
$37,201
Median Earnings
$1,363
Median Rent
$354,400
Median Home Value

Market

Vacancy Rate% for Industrial in Boise, ID

3% 2020
1% 2021
2.9% 2022
5.7% 2023
7.7% 2024
9.1% 2025
Rey
Questions? Ask Rey
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Similar Off Market Nearby

  • Republic Storage Maple Grove 665 S Maple Grove Rd, Boise, ID 83709
  • Storelocal Storage 450 S Maple Grove Rd, Boise, ID 83709
  • Stor-It Self Storage 600 N Maple Grove Rd, Boise, ID 83704
  • Self Storage 301 N Milwaukee St, Boise, ID 83704
  • OFR, Inc. 397 Steelhead Way, Boise, ID 83704

Frequently Asked Questions

What type of property is this?
Warehouse - 60,000 SF West Boise warehouse with four established tenants and quick access to I-84.
Where is this warehouse located?
The property is located at 300 N SteeLhead way Boise, ID.
What are key features of this property?
This property features: 60,000 SF West Boise warehouse in Westpark III; Four established tenants: Boise Office and Moving, Factory Motor Parts, Libby Owens Glass, and Standard Restoration; Convenient location in West Boise off Emerald Street with quick access to I‑84
More about this property
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