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Eagle Crest Building
tokcommercial.com
Laurie Reynoldson, CCIM, CLS 208.947.5514Bob Mitchell, CSM 208.947.0836
5418 N. EagLE Road | BoISE, Idaho 83713
100%LEASED
5.55% CaP$1,700,000.00
offering memorandum
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The information presented has been obtained from sources believed reliable. You are responsible for confirming its accuracy and completeness. any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction depends on many factors which should be
evaluated through investigation by your advisors.
The offering 1
Property Photographs 3
Confidentiality agreement 7
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SECTIoN 1INvESTMENT oFFERINg, PRoPERTy PhoToS & REgISTRaTIoN
Financial Summary 8
Rent Roll 9
Tenant Profiles 10
Property Floor Plan 11
Property Site Plan 12
SECTIoN 2FINaNCIaLS, TENaNT PRoFILES & PRoPERTy PLaNS
demographics 13
Submarket Snapshot 14
Boise area Information 16
SECTIoN 3dEMogRaPhICS& aREa INFoRMaTIoN
Table of ContEntS
tokcommercial.com
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The Eagle Crest Building is a multi-tenant professional office building located on Eagle Road, one of the Treasure valley’s busiest and most popular corridors. Built with quality construction materials in 2001, this single story building contains a total of 13,266 square feet of which 11,051 is leasable square feet of office space and 2,215 square feet of unfinished attic storage space – easily accessible by stairs. The building has two primary entrances opening to a common area hallway that leads to the four separate suites. Common area restrooms service the entire building. This simple building configuration allows for flexibility of expanding and contracting individual suites in order to maximize leasable space to meet tenant requirements.
The building lot (consisting of 0.983 acres) has 196 feet of frontage on Eagle Road with a large, highly visible monument sign available for tenant identification. The parking lot contains 46 parking spaces (4.16:1,000 LSF), which is accessible via cross easement access from Sedona Street.
The property is currently 100% leased with quality professional tenants with leases extending through the next 1-4 years. due to the quality of construction and highly desirable location, the property has been fully leased for a majority of the time, experiencing little vacancy since its construction.
valued at $153.83 per leasable square foot, Eagle Crest Building is priced below construction replacement cost and is well positioned for a quick sale to a quality investor.
The oFFERInG
[1]t o k c o m m e r c i a l . c o m eagle Crest Building
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offering SummARy
offering Price:
Capitalization rate:
net operating income:
Current occupancy:
Tenants:
average lease rates:
The offeringoFFERINg ovERvIEw
$1,700,000.00 | $153.83 per leasable SF
5.55%
$94,334.82
100%
B the Broker LLC, IM Service group, Restore Physical Therapy, Synergy Chiropractic
$13.50 per leasable square foot per annum
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100% oCCupIED wIth quALIty pRoFESSIonAL tEnAntS
pRImE LoCAtIon
• Located on one of the Treasure valley’s busiest corridors – Eagle Road (hwy 55)
• highly visible building momument signage on Eagle Road
• accessible from Sedona Street
• Surrounded by The Legends, a high-end residential subdivision
nEwER, quALIty ConStRuCtIon
• Built in 2001 with classic architectural details
• wood frame structure with stucco fascia, barrel vault with metal fascia, and 25 year architectural series asphalt shingles
• Maturing landscaping
pRICED BELow REpLACEmEnt CoSt
StRonG, ConSIStEnt REntAL hIStoRy
The pRopERty
[1]t o k c o m m e r c i a l . c o m eagle Crest Building
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Property name:
Property address:
Property description:
building Size:
Parcel Size:
Parking:
Zoning:
The ProPerTYPRoPERTy ovERvIEw
Eagle Crest Building
5418 N Eagle Road Boise, Idaho 83713
Single Story - Multi-tenant office Building
11,051 Leasable SF | 13,266 SF Total
0.983 acres
4/1000 LSF
City of Boise | R-1C
ProPerTY SummARy
[2]t o k c o m m e r c i a l . c o m eagle Crest Building
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PRoPERTy photoSEXTERIoR
[3]t o k c o m m e r c i a l . c o m eagle Crest Building
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PRoPERTy photoSINTERIoR SUITE 140-150
t o k c o m m e r c i a l . c o m [4]t o k c o m m e r c i a l . c o m eagle Crest Building
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PRoPERTy photoSINTERIoR SUITE 180
[5]t o k c o m m e r c i a l . c o m eagle Crest Building
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PRoPERTy photoSINTERIoR SUITE 180
[6]t o k c o m m e r c i a l . c o m eagle Crest Building
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To gaIN aCCESS To a FULL oFFERINg
MEMoRaNdUM, wE aSk ThaT yoU FIRST SIgN a dIgITaL CoNFIdENTIaLITy
agREEMENT FoR
Eagle CrestBuilding
ThaNk yoU!
SIGNCoNFIdENTIaLITy
agREEMENT
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