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The Historic Elks Lodge 201-205 Shoshone St N 35,811 SF 90% Leased Office Building Twin Falls, ID 83301 $8,947,956 CAD ($249.87 CAD/SF) 6.50% Cap Rate
Investment Highlights
- Beautifully restored historic building in Downtown core
- Qualifies for significant Bonus Depreciation tax offsets
- Priced well below replacement cost (+/- $500 PSF)
- Passive investment with onsite property management and leasing
- Diverse office tenant mix including established restaurant/brewery operation
Executive Summary
Constructed in 1922 and renovated in 2018, the Historic Elks Lodge Building is an irreplaceable historic creative office and retail trophy asset in a fast growing market. The building is leased to eight office tenants and one restaurant/brewery on the ground floor. All leases are structured on a NNN basis for passive ownership with onsite property management and leasing and near term upside in rents. A new owner can immediately reap significant tax offsets with accelerated bonus depreciation.
Property Facts
Sale Type
Investment NNN
Property Type
Office
Property Subtype
Loft/Creative Space
Building Size
35,811 SF
Building Class
B
Year Built/Renovated
1921/2018
Price
$8,947,956 CAD
Price Per SF
$249.87 CAD
Cap Rate
6.50%
NOI
$581,617 CAD
Percent Leased
90%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
11,937 SF
Building FAR
3.00
Lot Size
0.27 AC
Opportunity Zone
Yes
Zoning
CB - Commercial Business
Space Availability
- Space
- Size
- Space Use
- Build-Out
- Available
• Basement Suite available • Desirable Downtown location • Professional office building • Brick and masonry free standing building • Home to Milner’s Gate • Beautifully remodeled interior • Natural light • Shared breakroom
| Space | Size | Space Use | Build-Out | Available |
| Basement-Ste Basement | 3,626 SF | Office | Full Build-Out | Now |
Basement-Ste Basement
| Size |
| 3,626 SF |
| Space Use |
| Office |
| Build-Out |
| Full Build-Out |
| Available |
| Now |
Basement-Ste Basement
| Size | 3,626 SF |
| Space Use | Office |
| Build-Out | Full Build-Out |
| Available | Now |
• Basement Suite available • Desirable Downtown location • Professional office building • Brick and masonry free standing building • Home to Milner’s Gate • Beautifully remodeled interior • Natural light • Shared breakroom
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Moderately walkable
60/100
Exceptionally drivable
100/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | RPT0001071029AA | Improvements Assessment | $2,841,040 CAD |
| Land Assessment | $214,717 CAD | Total Assessment | $3,055,757 CAD |
Property Taxes
Parcel Number
RPT0001071029AA
Land Assessment
$214,717 CAD
Improvements Assessment
$2,841,040 CAD
Total Assessment
$3,055,757 CAD
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The Historic Elks Lodge | 201-205 Shoshone St N
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