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420 W Main St - Veltex Building
2,200 SF Office Condo Unit Offered at $703,000 in Boise, ID 83702
EXECUTIVE SUMMARY
This high-quality office condo offers an exceptional investment opportunity in the heart of downtown Boise. Boasting 2,200 rentable square feet, this fully leased property is home to the renowned law firm Wilson Sonsini Goodrich & Rosati, with a lease in place through August 2026. Investors will benefit from a strong net operating income of approximately $42,204 in 2024, which equates to a 6% cap rate. Included with the property are two off-street parking spaces, enhancing convenience for tenants. Priced at $703,000, this premium office asset presents a rare chance to own a stable, income-generating property in one of Boise’s most desirable locations.
PROPERTY FACTS
| Price | $703,000 | Building Class | B |
| Unit Size | 2,200 SF | Floors | 4 |
| No. Units | 1 | Typical Floor Size | 11,080 SF |
| Total Building Size | 50,000 SF | Year Built | 2004 |
| Property Type | Office (Condo) | Lot Size | 0.28 AC |
| Sale Type | Investment | Parking Ratio | 1/1,000 SF |
| Price | $703,000 |
| Unit Size | 2,200 SF |
| No. Units | 1 |
| Total Building Size | 50,000 SF |
| Property Type | Office (Condo) |
| Sale Type | Investment |
| Building Class | B |
| Floors | 4 |
| Typical Floor Size | 11,080 SF |
| Year Built | 2004 |
| Lot Size | 0.28 AC |
| Parking Ratio | 1/1,000 SF |
1 UNIT AVAILABLE
Unit 205
| Unit Size | 2,200 SF | Sale Type | Investment |
| Price | $703,000 | Cap Rate | 6.00% |
| Price Per SF | $319.55 | NOI | $42,180 |
| Condo Use | Office | No. Parking Spaces | 2 |
| Unit Size | 2,200 SF |
| Price | $703,000 |
| Price Per SF | $319.55 |
| Condo Use | Office |
| Sale Type | Investment |
| Cap Rate | 6.00% |
| NOI | $42,180 |
| No. Parking Spaces | 2 |
DESCRIPTION
2nd floor condo overlooking Main & 5th Street.
AMENITIES
- 24 Hour Access
- Atrium
- Banking
- Bus Line
- Courtyard
- Signage
- Kitchen
- Natural Light
- Partitioned Offices
- Air Conditioning
- Balcony
ZONING
| Zoning Code | MX-5 (High density downtown core.) |
| MX-5 (High density downtown core.) |
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420 W Main St - Veltex Building
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