228 Mcghee Rd Kootenai, ID 83840

Property Details for 228 Mcghee Rd

Year built

1990

Lot size

12.00 lot acres

Property size

219,380 SF

Property type

Life science properties

Property subtype

Office Properties & Spaces

Description

This exceptional 219,380 square foot Class A commercial property in Kootenai, Idaho, presents a compelling value-add investment opportunity. The Sandpoint Technology Center, built in 1990 and extensively renovated in 2022, comprises three buildings on a 12-acre lot. The property features a mix of office and industrial space, including approximately 120,000 square feet of office space and 97,540 square feet of warehouse space. Key office features include a striking three-level atrium, a 220-seat auditorium, and a data center with colocation space. Warehouse amenities include nine loading docks and five dock-high doors. Currently 61% occupied with twelve tenants, including prominent companies, the property offers significant upside potential. The asking price is $9,900,000, with a pro-forma cap rate of 16.24% and a pro-forma NOI of $1,608,239. The property benefits from a gross lease structure and includes rent bumps. Tenant profiles include a mix of credit-rated, corporate-guaranteed, and non-credit-rated tenants. The location offers convenient access to major transportation routes, including US Highway 95, Highways 200 & 2, and nearby rail lines. Ample parking is available on-site and across the street, providing 358 and an additional 200 spaces respectively. This property is ideally suited for a variety of uses and offers a unique blend of modern amenities and a scenic location in a rapidly growing region of North Idaho. The property's diverse tenant base and strong location make it an attractive investment opportunity.

Location Insight

City

Kootenai

County

bonner

State

Idaho

Longitude

-116.524

Latitude

48.3099