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Office Unit
For Lease
$24.95 SF/Yr Modified Gross

1861 S Wells Ave Ste #300, Meridian, ID 83642

Built in 2019, the suite is offered under a modified gross lease.

Space Size11,010 SF
Property Size29,081 SF
Days on Market110

Property Features for 1861 S Wells Ave Ste #300

General Information

Standard status Active
Size 11,010 SF
Net Rentable 11,010 SF
Class A
Property subtype Office - Shared Space
Lease Type Modified Gross

Space & Availability

Available Space 11,010 SF
Contiguous Space 11,010 SF
Sublease Yes

Lease Terms

Lease Rate $24.95 /USD/SF/YR
Monthly Rent $22,891
Rent per SF/Year $24.95

Building Details

Building Size 29,081 SF
Year Built 2019

Spaces For Lease

at 1861 S Wells Ave Ste #300 Contact us

300 $24.95/SF/Yr

Floor
2
Size
11,010 SF
Type
General Office
Lease Type
Modified Gross
Availability
Immediate
Sublease
No
Renewal Option
Yes
Contact us
Listing Agency: Rallens Realty Consultants
Listed By: Ben Fulcher · License #SP45658
Source: Commercialcafe
Added: May 14 Changed: Aug 30 Last Checked: Aug 30 at 3:19PM

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 Rallens Realty Consultants

Investment Insights

Based on property information with market context.

The office unit at 1861 S Wells Ave, Ste #300, Meridian, ID 83642 was built in 2019 and contains 11,010 SF. The space is available for sublease under a modified gross lease, with the current term ending January 31, 2029. One 3-year renewal option is included.

Key Highlights

  • 11,010 SF office unit
  • Built in 2019
  • Modified gross lease structure

Property Analytics

Current Use

Edward Jones - Financial ... Financial Advisor Criterion Land Management ... Construction Company Westpark Co Inc Construction Company Riverwood Homes Construction Company NexTitle Title Company

Suggested Use

Top Pick Big Box & Wholesale Store Building Supply Auto Repair Shop Auto Parts Store Garden Center Furniture & Home Goods

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

Modified Gross
Lease Type

Location Intelligence

Trade Area within ½ mile

1,627
Businesses Nearby

Demographics for 83642, ID

55,465
Population
22,700
Households
2.4
Avg Household Size
35
Median Age
44%
College-Educated
95%
High-School Grad
41.5 sq mi
ZIP Area
1,337
Density / Sq Mi
$96,361
Median Household Income
$45,824
Median Earnings
$1,629
Median Rent
$492,300
Median Home Value

Market

Lease Benchmarks for Meridian, ID

$19.75 /SF/Yr
Avg Asking Price
$12–$25 /SF/Yr
Price Range
21,553 SF
Avg Space Size

This space is priced 26% above the average of $19.75 /SF/Yr.

Vacancy Rate% for Office in West region

11% 2019
14.1% 2020
15.5% 2021
17.2% 2022
19.9% 2023
21% 2024
20.8% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Office units - Built in 2019, the suite is offered under a modified gross lease.
Where is this office units located?
The property is located at 1861 S Wells Ave Ste #300 Meridian, ID.
What is the lease rate?
The lease rate is $24.95 SF/Yr.
What are key features of this property?
This property features: 11,010 SF office unit; Built in 2019; Modified gross lease structure
More about this property
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