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Ten Mile Crossing Building 2760 W Excursion Dr 116,961 SF 97% Leased 4-Star Office Building Meridian, ID 83642 $41,481,439 CAD ($354.66 CAD/SF) 7.25% Cap Rate
Investment Highlights
- CALL FOR OFFERS - MAY 7th
- EXCEPTIONAL LOCATION WITH LONG-TERM GROWTH DRIVERS
- HIGH-IMAGE, INSTITUTIONAL-QUALITY OFFICE INVESTMENT OPPORTUNITY
Executive Summary
HIGH-IMAGE, INSTITUTIONAL-QUALITY OFFICE INVESTMENT OPPORTUNITY
* AMERIBEN (FINANCE & INSURANCE)
- Berkley North Pacific (Finance & Insurance)
- J-U-B Engineers (Professional & Technical Services)
* HIGH-CALIBER AMENITIES & BUILD-OUT
- On-Site Features: Cafeteria, auditorium, multiple private offices, open work zones, breakroom, and specialized spaces like a podcast/video studio.
- Plentiful Parking: Access to 525 parking stalls for 4.5/1,000 SF parking ratio.
* MARKET & DEMOGRAPHIC INSIGHTS
- Market: Meridian is the fastest growing submarket in the Boise MSA.
- Population Growth: Projected +19.2% by 2029. 3 mile: ~61,500 projected +13.8%.
- Household Income: 2025 Avg HH Income for Meridian $142,982
* ANCHORS & TENANTS
- Major Retail Anchor: Scheels flagship (~145 K visits/month) opened April 2024, accompanied by associated retail like Starbucks, Dutch Bros, Chick-fil-A.
- Office Tenants: Notable occupants include Paylocity, Ameriben, J-U-B Engineers, Saint Alphonsus Urgent Care Ten Mile Clinic, Primary Health, Brighton Corp.
- Service & Lifestyle Providers: Features Idaho Central Credit Union, urgent care, fitness amenities, car wash, boutique retail, and restaurants.
* RESIDENTIAL & CONNECTIVITY
- Multifamily developments: Altair, The Flats, The Lofts (smart/luxury apartments).
* EXPANSION & ADJACENT DEVELOPMENT
- The District at Ten Mile: A connected ±200 acre project immediately adjacent; approved for zoning in Oct 2024; Features retail, housing (~400 multifamily units), movie theater, hotels, offices, light industrial, underpass and collector road connecting to Ten Mile Crossing.
* MARKET POSITION & FUTURE IMPACT
- Submarket Transform: Originally a planned lifestyle center (not implemented); has since emerged as a major regional gateway with 50% of the site developed
- Economic Draw: Scheels catalyzed growth; now supported by strong demographic trends, high traffic visibility (~118 K cars/day I 84, 27 K on Ten Mile).
* AMERIBEN (FINANCE & INSURANCE)
- Berkley North Pacific (Finance & Insurance)
- J-U-B Engineers (Professional & Technical Services)
* HIGH-CALIBER AMENITIES & BUILD-OUT
- On-Site Features: Cafeteria, auditorium, multiple private offices, open work zones, breakroom, and specialized spaces like a podcast/video studio.
- Plentiful Parking: Access to 525 parking stalls for 4.5/1,000 SF parking ratio.
* MARKET & DEMOGRAPHIC INSIGHTS
- Market: Meridian is the fastest growing submarket in the Boise MSA.
- Population Growth: Projected +19.2% by 2029. 3 mile: ~61,500 projected +13.8%.
- Household Income: 2025 Avg HH Income for Meridian $142,982
* ANCHORS & TENANTS
- Major Retail Anchor: Scheels flagship (~145 K visits/month) opened April 2024, accompanied by associated retail like Starbucks, Dutch Bros, Chick-fil-A.
- Office Tenants: Notable occupants include Paylocity, Ameriben, J-U-B Engineers, Saint Alphonsus Urgent Care Ten Mile Clinic, Primary Health, Brighton Corp.
- Service & Lifestyle Providers: Features Idaho Central Credit Union, urgent care, fitness amenities, car wash, boutique retail, and restaurants.
* RESIDENTIAL & CONNECTIVITY
- Multifamily developments: Altair, The Flats, The Lofts (smart/luxury apartments).
* EXPANSION & ADJACENT DEVELOPMENT
- The District at Ten Mile: A connected ±200 acre project immediately adjacent; approved for zoning in Oct 2024; Features retail, housing (~400 multifamily units), movie theater, hotels, offices, light industrial, underpass and collector road connecting to Ten Mile Crossing.
* MARKET POSITION & FUTURE IMPACT
- Submarket Transform: Originally a planned lifestyle center (not implemented); has since emerged as a major regional gateway with 50% of the site developed
- Economic Draw: Scheels catalyzed growth; now supported by strong demographic trends, high traffic visibility (~118 K cars/day I 84, 27 K on Ten Mile).
Property Facts
Sale Type
Investment
Property Type
Office
Building Size
116,961 SF
Building Class
B
LoopNet Rating
4 Star
Year Built
2019
Price
$41,481,439 CAD
Price Per SF
$354.66 CAD
Cap Rate
7.25%
NOI
$3,007,404 CAD
Percent Leased
97%
Tenancy
Multiple
Building Height
4 Stories
Typical Floor Size
29,240 SF
Building FAR
1.85
Lot Size
1.45 AC
Zoning
C-G - General Commercial
Parking
525 Spaces (4.49 Spaces per 1,000 SF Leased)
Amenities
- Wheelchair Accessible
- Air Conditioning
Space Availability
- Space
- Size
- Space Use
- Build-Out
- Available
• Emplacement excellent à Ten Mile et I84 • Commodités de l'immeuble incluent une grande salle de réunion au premier étage • Disponible immédiatement • Sous-location jusqu'au 31 juillet 2031
| Space | Size | Space Use | Build-Out | Available |
| 3rd Fl-Ste 310B | 3,065 SF | Office | - | Now |
3rd Fl-Ste 310B
| Size |
| 3,065 SF |
| Space Use |
| Office |
| Build-Out |
| - |
| Available |
| Now |
3rd Fl-Ste 310B
| Size | 3,065 SF |
| Space Use | Office |
| Build-Out | - |
| Available | Now |
• Emplacement excellent à Ten Mile et I84 • Commodités de l'immeuble incluent une grande salle de réunion au premier étage • Disponible immédiatement • Sous-location jusqu'au 31 juillet 2031
Somewhat walkable
20/100
Exceptionally drivable
100/100
Minimal public transit
10/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | R8484000175 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $52,914,476 CAD |
Property Taxes
Parcel Number
R8484000175
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$52,914,476 CAD
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Ten Mile Crossing Building | 2760 W Excursion Dr
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