3501 W Elder St Boise, ID 83705

Property Details for 3501 W Elder St

Year built

2006

Lot size

2.90 lot acres

Property size

53,213 SF

Zone code

L-OD

Property type

Commercial real estate

APN

S1028214009

APU

S1028214009

Description

This exceptional Class A office building in Boise, Idaho, presents a compelling investment opportunity. The 51,264 square foot property boasts 100% occupancy with five tenants, generating a strong net operating income (NOI) of $420,279 and a 6.00% capitalization rate. Built in 2006 and renovated in 2018, the building features ample on-site parking, including 20 covered basement spaces, and basement storage. Situated on a 2.902-acre lot at 3501 West Elder Street, Boise, ID 83705, this property enjoys prime freeway exposure along Interstate 84, near the Boise Airport, hotels, restaurants, and other amenities. The building is zoned City of Boise-L-OD and offers key fob access with secured underground parking. A recent lease of 27,279 square feet for a ten-year term, including $600,000 in tenant improvements, further solidifies the property's strong financial performance. The asking price is $7,000,000 ($124 per square foot). The property is suitable for various office uses, including creative, medical, and traditional office spaces. This is a rare opportunity to acquire a high-performing, fully occupied office building in a desirable Boise location.

Location Insight

City

Boise

County

Ada

State

Idaho

Longitude

-116.224

Latitude

43.5729

CBSA code

14260

CBSA name

BOISE CITY-NAMPA, ID METROPOLITAN STATISTICAL AREA

Property Tax & Assessments