Building A 1800 River Park Way 158,952 SF 100% Leased Flex Building Pocatello, ID 83204 For Sale

CBRE, Inc. is pleased to present an exceptional opportunity to acquire a rare income-producing property in the thriving Pocatello, Idaho market. This exclusive offering features prime land totaling 59.75 acres with in-place income. The land is currently improved with ±45,904 SF of offices and ±113,048 SF of warehouses. This property offers prime visibility and accessibility in a high-traffic area, just minutes from major downtown Pocatello and transportation routes, including I-84, Union Pacific rail line, and the Eastern Idaho Railroad (EIRR). This once-in-a-generation opportunity provides substantial potential for both immediate use and future redevelopment at significance scale.
Investment Highlights

RARE LAND ASSEMBLAGE FOR REDEVELOPMENT
* Land Assemblage at Scale | 59.75 acres of industrial-zoned land parcel across two parcels, formerly a Hoku Materials manufacturing site that has undergone the development process under current ownership for a future business park or owner user.

* Development or Owner-User Potential | The Property is currently participating in a brownfield development program in which a Phase I has been completed and no further action is required. The parcels would be platted into smaller parcels with roadways throughout.

* The Property has been zoned for manufacturing and is part of a tax-increment financing district that will run through 2030 and may be revised/extended. Current owners have worked with neighboring companies on concept for overpass access from Highway 30 directly to the north western corner of the property, which would make access to I-84/I-15 quicker and easier. Additional information on zoning can be obtained from Bannock County.

HIGH-GROWTH MOUNTAIN WEST REGION WITH LOW COSTS
* The Mountain West Appeal | Pocatello sits in a beautiful mountain valley at the edge of the Snake River Plain, boasting excellent air, rail, and ground transportation at the junction of Interstate 15 and Interstate 86. The community has been wired for cutting-edge telecommunications services and is home to many high-tech companies.

* Advanced Technology Hub | Pocatello is home to the Idaho National Laboratory, a U.S. Department of Energy initiative to explore innovations in nuclear research, renewable energy systems and security solutions. It is additionally home to the AGN-201 Nuclear Reactor, operated by Idaho State University’s leading Nuclear Engineering program. These labs create a hub of advanced scientific research in the region.

* Pro-Business Environment | Pocatello has received recognition from Forbes as a “Best Small Place for Business” and has been ranked low on Forbes’ Cost of Doing Business index. Businesses in Pocatello can take advantage of various incentives offered by the state and local entities, including tax credits, workforce training grants, and funding opportunities.

* Quality of Life | As the 5th largest city in Idaho, Pocatello in 2023 was ranked #43 in Fortune’s 50 BEST Places to Live for Families.