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Commercial Investment with National Tenant 6850 W Fairview Ave

10,348 SF 100% Leased Office Building Boise, ID 83704 $3,590,000 ($347/SF) 6.50% Cap Rate

Investment Highlights

  • Remodeled, former Banner Bank building
  • Three separate tax lots with multiple curb cuts
  • Open lobby with vaulted high ceilings and natural light
  • New 1,640 SF rental car wash bay on site
  • Ample parking
  • Lease space available in lower level

Executive Summary

Prime investment opportunity with national anchor tenant.

Attachments

6850 Fairview.DB

Financial Summary (Pro forma - 2023)

Annual Annual Per SF
Gross Rental Income - -
Other Income - -
Vacancy Loss - -
Effective Gross Income - -
Net Operating Income $233,298 $22.55

Financial Summary (Pro forma - 2023)

Gross Rental Income
Annual -
Annual Per SF -
Other Income
Annual -
Annual Per SF -
Vacancy Loss
Annual -
Annual Per SF -
Effective Gross Income
Annual -
Annual Per SF -
Net Operating Income
Annual $233,298
Annual Per SF $22.55

Property Facts

Sale Type
Investment
Property Type
Office
Building Size
10,348 SF
Building Class
C
Year Built
1977
Price
$3,590,000
Price Per SF
$347
Cap Rate
6.50%
NOI
$233,350
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
5,174 SF
Slab To Slab
9’
Building FAR
0.14
Lot Size
1.68 AC
Zoning
C-2D - General Commercials
Parking
81 Spaces (14.94 Spaces per 1,000 SF Leased)

Amenities

  • Fireplace
  • Security System
  • Signage
  • Skylights
  • Storage Space
  • Monument Signage
  • Air Conditioning
Walk Score ®
Very Walkable (73)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • S1006347150
  • S1006347190
  • S1006347100
Land Assessment
$0 (2024)
Improvements Assessment
$0 (2024)
Total Assessment
$1,883,500 (2024)
  • Listing ID: 30070058

  • Date on Market: 11/15/2023

  • Last Updated:

  • Address: 6850 W Fairview Ave, Boise, ID 83704

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