West Boise Multi-Tenant Office
350 N Mitchell St Boise, ID 83704
350 N Mitchell St, Boise, ID, 83704
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For Sale
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43,142 SF office building in West Boise for sale.
Property Size43,142 SF
Price / SF$175
Days on Market65
Property Features for 350 N Mitchell St
General Information
- Standard status
- Active
- Size
- 43,142 SF
- Property subtype
- Office
Building Details
- Year Built
- 2000
Listing Agency
TOK Commercial
Listed by
Al Marino · License #ID SP23874
Source
Crexi
Added: May 13 Checked: Jul 16 at 8:55 am
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.
Cottonwood Plaza is a 43,142 square foot multi-tenant office building located in West Boise. Constructed in 2000, the property is currently 87% occupied. The building houses four tenants: Zayo, Bartlett Roofing, Giltner Logistics, and Accel Therapies, all operating under NNN leases with 3% annual rent escalations. The current net operating income is $566,117. There is currently 5,625 square feet of vacant space. Bartlett Roofing has notified ownership that they expect to vacate at their lease expiration of 08/31/2027, making 17,404 square feet available on 09/01/2027. Located in the heart of West Boise near Emerald Street and minutes from I-184, Cottonwood Plaza provides access to Downtown Boise, the Boise Airport, and the broader Treasure Valley. The property is surrounded by retail, dining, and business services, with nearby national retailers and major employment hubs.
Key Highlights
- High‑traffic West Boise location, conveniently located near I‑184 and amenities.
- Strong existing cash flow from nationally recognized tenants under NNN leases.
- Value‑add opportunity through lease‑up of current vacancy and future vacancy in 2027.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $906.0k | $21.00 |
| − Vacancy | −$126.8k | −$2.94 |
| EGI | $779.1k | $18.06 |
| − OpEx | −$194.8k | −$4.52 |
| NOI | $584.4k | $13.54 |
43,142 SF · lease $21.00/SF/yr · vacancy 14.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$8.35M
$7.30M – $9.74M
NOI $584,358 @ 7.0% cap · market cap 7.74%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$11.91M
$10.43M – $13.90M
NOI $834,021 @ 7.0% cap · market cap 11.05%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Zayo
Telecommunications Service
Similar For Sale Nearby
FAQs
What type of property is this?
Office building - 43,142 SF office building in West Boise for sale.
Where is this office building located?
The property is located at 350 N Mitchell St Boise, ID.
What is the asking price?
The asking price for this property is $7,550,000.
What are key features of this property?
This property features: High‑traffic West Boise location, conveniently located near I‑184 and amenities.; Strong existing cash flow from nationally recognized tenants under NNN leases.; Value‑add opportunity through lease‑up of current vacancy and future vacancy in 2027.
