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3438 S 15th E 2,496 SF 100% Leased Office Building Idaho Falls, ID 83404 $887,086 CAD ($355.40 CAD/SF) 6.10% Cap Rate
Investment Highlights
- High quality Professional Office
- First time offered for sale since 2004
Executive Summary
Outstanding, professionally maintained, well located all brick building off Sunnyside and Woodruff, which turns into S 15 East after crossing Sunnyside. Close to Eastern Idaho Regional Medical. Excellent Rental History; roughly 95+%. The Allstate Tenant in Suite 100 has been there since 2012 has requested a 3 year Lease Renewal with a quoted a rate of $17.75 per foot NNN first year adjusting up each additional year. Owner has moved Suite 100 Tenant to adjacent building and Seller will provide Lease credit/Payment for up to 3 months increasing the NOI to 6.9% if new Owner plans to use as Investment Property. Call for details. New Roof November 2018.
Property Facts
Sale Type
Investment or Owner User
Sale Condition
1031 Exchange
Property Type
Building Size
2,496 SF
Building Class
C
Year Built
2004
Price
$887,086 CAD
Price Per SF
$355.40 CAD
Cap Rate
6.10%
NOI
$54,112 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
2,496 SF
Building FAR
0.30
Lot Size
0.19 AC
Zoning
R-2 - Professional Office
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
-
- Finance and Insurance
- -
- -
- -
Allstate began in 1931 as an insurance business launched by Sears, Roebuck and Co., and its early operations relied on mail-order auto coverage. Over time, the company expanded beyond auto insurance into home, renters, condo, motorcycle, boat, RV, life, business, identity protection, phone protection, retirement, and investment planning. Today, Allstate serves customers through digital self-service tools, local agents, and a broad set of protection products for vehicles, homes, families, and small businesses.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
|
|
Finance and Insurance | - | - | - |
1 1
Fairly walkable
50/100
Moderately drivable
70/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | RPA8551000002A | Improvements Assessment | $530,926 CAD |
| Land Assessment | $69,318 CAD | Total Assessment | $600,244 CAD |
Property Taxes
Parcel Number
RPA8551000002A
Land Assessment
$69,318 CAD
Improvements Assessment
$530,926 CAD
Total Assessment
$600,244 CAD
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Presented by
Clifford Properties
3438 S 15th E
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