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3393 Merlin Dr 3393 Merlin Dr 6,238 SF 100% Leased Office Building Idaho Falls, ID 83404 $2,445,077 CAD ($391.96 CAD/SF) 6.30% Cap Rate
Investment Highlights
- Fully leased, three-suite office investment providing immediate and stable cash flow
- Attractive tenant mix with established regional and local occupants
- Strategically located within the area’s established medical corridor, offering strong synergy with surrounding healthcare users
- 6,238 SF total (Suite A: 1,955 SF | Suite B: 2,098 SF | Suite C: 1,548 SF | Common Area: 637 SF)
- Newer construction (built in 2020) featuring modern design and high-quality finishes throughout
Executive Summary
This fully leased, three-suite office investment offers immediate and stable cash flow within a modern, high-quality building constructed in 2020. The property totals 6,238 square feet, including Suite A (1,955 SF), Suite B (2,098 SF), Suite C (1,548 SF), and 637 SF of common area, all designed with attractive, contemporary finishes. Featuring a strong mix of established regional and local tenants, the asset is strategically positioned within the area’s established medical corridor, providing excellent synergy with surrounding healthcare users and supporting long-term tenant demand.
Data Room Click Here to Access
- Offering Memorandum
Property Facts
Sale Type
Investment
Property Type
Building Size
6,238 SF
Building Class
A
Year Built
2020
Price
$2,445,077 CAD
Price Per SF
$391.96 CAD
Cap Rate
6.30%
NOI
$154,040 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
6,238 SF
Building FAR
0.42
Lot Size
0.34 AC
Zoning
commercial - Professional Business
Parking
30 Spaces (4.81 Spaces per 1,000 SF Leased)
Amenities
- Controlled Access
- Atrium
- Air Conditioning
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Avanti Body
- Services
-
99,999 SF
- -
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Lorem Ipsum
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Jan 0000
- LPL FINANCIAL
- Finance and Insurance
-
99,999 SF
- -
-
Lorem Ipsum
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Jan 0000
- Meraki Healthcare
- Health Care and Social Assistance
-
99,999 SF
- -
-
Lorem Ipsum
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Jan 0000
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Avanti Body | Services | 99,999 SF | - | Lorem Ipsum | Jan 0000 | |
| LPL FINANCIAL | Finance and Insurance | 99,999 SF | - | Lorem Ipsum | Jan 0000 | |
| Meraki Healthcare | Health Care and Social Assistance | 99,999 SF | - | Lorem Ipsum | Jan 0000 |
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Fairly walkable
50/100
Moderately drivable
70/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | RPA8244000015O | Improvements Assessment | $1,345,605 CAD |
| Land Assessment | $120,939 CAD | Total Assessment | $1,466,544 CAD |
Property Taxes
Parcel Number
RPA8244000015O
Land Assessment
$120,939 CAD
Improvements Assessment
$1,345,605 CAD
Total Assessment
$1,466,544 CAD
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3393 Merlin Dr | 3393 Merlin Dr
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