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Boise Medical Center 425 W Bannock St 13,124 SF 100% Leased Office Building Boise, ID 83702 For Sale
INVESTMENT HIGHLIGHTS
- Current occupant/seller to lease back the first floor and basement, allowing a future owner income generation day 1 of ownership!
- Lease rate and term is negotiable based on agreed sale price
EXECUTIVE SUMMARY
• This property offers a unique opportunity to own prime commercial real estate within the Central Business District of Boise, ID for redevelopment
• Property also could be sold as existing-medical office, and as an ambulatory surgery center to an owner-user or investor with tenant in-tow
• One level serves as a Medical office space (6,562 SF) and one level servves as an Ambulatory Surgery Center (6,562 SF) for a total of 13,124 SF
• The property is situated blocks from the Idaho State Capitol, St. Luke’s Boise Medical Center (Idaho’s largest hospital), Cecil Andrus Park, and Boise’s Historic Basque Block and Cultural Center
• MX-5 Zoning (highest allowed Density).
•Future buyer will have immediate income generation at time of sale, as seller/occupant will lease back the 13,124 SF at a mutually agreeable rate and term length
• On-site parking generates +/- $300/month for after–hour parking use
• NOI at time of sale: negotiable based on agreed sale price
• Property also could be sold as existing-medical office, and as an ambulatory surgery center to an owner-user or investor with tenant in-tow
• One level serves as a Medical office space (6,562 SF) and one level servves as an Ambulatory Surgery Center (6,562 SF) for a total of 13,124 SF
• The property is situated blocks from the Idaho State Capitol, St. Luke’s Boise Medical Center (Idaho’s largest hospital), Cecil Andrus Park, and Boise’s Historic Basque Block and Cultural Center
• MX-5 Zoning (highest allowed Density).
•Future buyer will have immediate income generation at time of sale, as seller/occupant will lease back the 13,124 SF at a mutually agreeable rate and term length
• On-site parking generates +/- $300/month for after–hour parking use
• NOI at time of sale: negotiable based on agreed sale price
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
13,124 SF
Building Class
C
Year Built
1966
NOI
$400,925 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
13,124 SF
Building FAR
0.54
Lot Size
0.56 AC
Zoning
C-5DD
Parking
47 Spaces (3.58 Spaces per 1,000 SF Leased)
1 1
Walk Score®
Walker's Paradise (91)
Bike Score®
Biker's Paradise (99)
PROPERTY TAXES
| Parcel Number | R1013002660 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $5,755,364 CAD |
PROPERTY TAXES
Parcel Number
R1013002660
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$5,755,364 CAD
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Boise Medical Center | 425 W Bannock St
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