1302 Ontario St Sandpoint, ID 83864
- Warehouses
- 18,290 SF
- 0.75 lot acres
Current Use by Public Records
- Warehouses
Property Details for 1302 Ontario St
- Year built
- 1987
- Lot size
- 0.75 lot acres
- Property size
- 18,290 SF
- Property type
- Warehouses
- Property subtype
- Industrial properties
Description
This exceptional investment opportunity presents a fully leased, single-tenant warehouse complex ideally situated at 1302 Ontario Street in Sandpoint, Idaho. The property boasts a total of 18,290 square feet across two single-story buildings, constructed in 1987 and situated on a 0.75-acre lot. Benefitting from convenient access to US Highway 2, this location offers excellent visibility and accessibility. Currently operating at 100% occupancy, the property generates a substantial net operating income (NOI) of $127,500, translating to an attractive 5.21% capitalization rate. The asking price is $2,449,000, representing a compelling price per square foot. The property features one loading dock and one dock-high door, catering to efficient logistics. This stabilized investment, with a gross lease structure, presents a rare opportunity to acquire a high-performing asset in a desirable location. The property's strong tenancy and consistent cash flow make it an ideal addition to any investment portfolio. The property is located just outside of Downtown Sandpoint, offering a blend of accessibility and proximity to local amenities. This is a turnkey investment ready for immediate income generation.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Sandpoint
- County
- Bonner
- State
- Idaho
- Longitude
- -116.567
- Latitude
- 48.2661
