Commercial Investment with National Tenant | 6850 W Fairview Ave
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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.
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
Land Acres
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
1 of 1
Walk Score ®
Very Walkable (73)
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $0 (2024) | |
| Land Assessment | $0 (2024) | Total Assessment | $1,883,500 (2024) |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$0 (2024)
Improvements Assessment
$0 (2024)
Total Assessment
$1,883,500 (2024)
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David Berry -
Arthur Berry & Company
1 of 25
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Commercial Investment with National Tenant | 6850 W Fairview Ave
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