765 Lindsay Blvd Idaho Falls, ID 83402

Property Details for 765 Lindsay Blvd

Year built

1972

Lot size

1.47 lot acres

Property size

33,754 SF

Property type

Warehouses

APN

RPA2640001002O

APU

RPA2640001002O

Description

This exceptional investment opportunity presents a 68,350 square foot, single-tenant office property located at 765/775 Lindsay Blvd in Idaho Falls, ID, 83402. The property consists of two buildings totaling 68,350 square feet and is currently leased to a government entity under a triple-net (NNN) lease. Building 765 Lindsay Blvd comprises 32,350 square feet, including a 9,000 square foot two-story office space and a 23,350 square foot R&D center boasting 31-foot ceilings. Building 775 Lindsay Blvd offers 36,000 square feet, featuring 6,589 square feet of common area and 29,411 square feet of professional office space. Amenities include four hard-walled office/training rooms, two conference rooms, an open bull pen area, climate-controlled computer rooms, a common area, kitchen and break rooms. Additional features include 31-foot high ceilings in the R&D center, a climate-controlled data room, city fiber access, and ample parking with 200 stalls. The property is strategically located adjacent to hotels, restaurants, the city center, and the River Walk Greenbelt, offering excellent visibility and accessibility, directly off Interstate I-15. A large outside compound area further enhances the property's appeal. The asking price is $11,698,000, representing a 6.26% cap rate with a net operating income (NOI) of $732,865. This is a rare opportunity to acquire a high-quality, single-tenant investment property with a strong tenant and excellent location. The building meets all government requirements.

Location Insight

City

Idaho Falls

County

Bonneville

State

Idaho

Longitude

-112.049

Latitude

43.5

CBSA code

26820

CBSA name

IDAHO FALLS, ID METROPOLITAN STATISTICAL AREA

Property Tax & Assessments