304 S Americana Blvd
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304 S Americana Blvd
27,206 SF Industrial Building Boise, ID 83702 $8,250,000 ($303/SF) 6.27% Cap Rate
Investment Highlights
- 100% occupied with three tenants.
- First year NOI of $517,200.
- Close proximity to downtown Boise employers, retailers, services, medical and Boise State University.
- Active Artesian well serving the property.
- Exceptional visibility to I-184 Connector traffic.
Executive Summary
304 Americana delivers a rare opportunity to purchase a significant commercial real estate asset directly outside Boise's downtown core, immediately adjacent to the I-184 connector.
This property is currently operated as an office/warehouse and cold storage facility and sits on a 1.73-acre parcel.
304 Americana delivers unique visibility, fronting the high-traffic freeway spur, as one of the first visible buildings to traffic inbound to Boise’s downtown amenities, major employers, and educational institutions.
The property is ideally located between downtown and the major wave of development happening in Boise's West End — including the future CWI campus, St. Luke’s new Orthopedic Care Center, and a variety of major multifamily developments.
Easily accessed and interconnected with the most populous areas of the Treasure Valley, the property is minutes from Boise State University, I-84, the airport, the Boise River and Greenbelt, central Boise, the North End, and the rapidly developing West End.
Zoned for Mixed-Use Downtown Design and Development (MX-5DD), 304 Americana is primed for a large-scale office, commercial, institutional, or residential development in Boise’s River Myrtle-Old Boise Redevelopment District.
Future ownership of the property will benefit from the income of three in-place leases, during planning and development, with the ability to terminate with 6 months’ notice. The seller, Boise Cold Storage, will sign a lease at closing to remain in place until its new facility is completed and operational in mid-2026.
This property is currently operated as an office/warehouse and cold storage facility and sits on a 1.73-acre parcel.
304 Americana delivers unique visibility, fronting the high-traffic freeway spur, as one of the first visible buildings to traffic inbound to Boise’s downtown amenities, major employers, and educational institutions.
The property is ideally located between downtown and the major wave of development happening in Boise's West End — including the future CWI campus, St. Luke’s new Orthopedic Care Center, and a variety of major multifamily developments.
Easily accessed and interconnected with the most populous areas of the Treasure Valley, the property is minutes from Boise State University, I-84, the airport, the Boise River and Greenbelt, central Boise, the North End, and the rapidly developing West End.
Zoned for Mixed-Use Downtown Design and Development (MX-5DD), 304 Americana is primed for a large-scale office, commercial, institutional, or residential development in Boise’s River Myrtle-Old Boise Redevelopment District.
Future ownership of the property will benefit from the income of three in-place leases, during planning and development, with the ability to terminate with 6 months’ notice. The seller, Boise Cold Storage, will sign a lease at closing to remain in place until its new facility is completed and operational in mid-2026.
Property Facts
| Price | $8,250,000 | Lot Size | 1.73 AC |
| Price Per SF | $303 | Rentable Building Area | 27,206 SF |
| Sale Type | Investment | No. Stories | 1 |
| Cap Rate | 6.27% | Year Built | 1935 |
| Property Type | Industrial | Tenancy | Single |
| Property Subtype | Refrigeration/Cold Storage | Parking Ratio | 1.47/1,000 SF |
| Building Class | B | No. Dock-High Doors/Loading | 6 |
| Price | $8,250,000 |
| Price Per SF | $303 |
| Sale Type | Investment |
| Cap Rate | 6.27% |
| Property Type | Industrial |
| Property Subtype | Refrigeration/Cold Storage |
| Building Class | B |
| Lot Size | 1.73 AC |
| Rentable Building Area | 27,206 SF |
| No. Stories | 1 |
| Year Built | 1935 |
| Tenancy | Single |
| Parking Ratio | 1.47/1,000 SF |
| No. Dock-High Doors/Loading | 6 |
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Walk Score®
Walker's Paradise (90)
Bike Score®
Biker's Paradise (99)
PROPERTY TAXES
| Parcel Number | R7399350437 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $7,539,000 |
PROPERTY TAXES
Parcel Number
R7399350437
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$7,539,000
zoning
| Zoning Code | MX-5DD (Mixed-Use, Downtown Design & Development) |
| MX-5DD (Mixed-Use, Downtown Design & Development) |
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304 S Americana Blvd
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