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9 5 0 We s t B a n n o c k S t r e e t , S u i t e 4 2 0 • B o i s e , I d a h o 8 3 7 0 2 • ( 2 0 8 ) 3 4 3 - 9 3 0 0 • i c b r e . c o m
L A N D O F F E R I N G
MiddletonHigh School
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BECK PARCEL - MIDDLETON, ID• 173.04 ± acres (per county records)• Residential development oppor tunity• Annexed into City of Middleton, zoned R-3• Previously approved as Windsor Valley Subdivision (approx 440 lots)• Utili t ies at or near site
Willis Road
Purple Sage Road
Midd
leton
Roa
dW Main - HWY 44
Middleton HeightsElementary School
Mill CreekElementary School
FOR ADDITIONAL INFORMATION,PLEASE CONTACT:Ryan Cantlon office: 208-343-9300cell: 208-867-3751email: [email protected]
COLEMAN HOMESUNDER DEVELOPMENT
All information herein has been obtained from sources deemed reliable but is subject to verification by Buyer. This offering is subject to price change, corrections, errors, omissions, prior sales and/or withdrawl.
9 5 0 We s t B a n n o c k S t r e e t , S u i t e 4 2 0 • B o i s e , I d a h o 8 3 7 0 2 • ( 2 0 8 ) 3 4 3 - 9 3 0 0 • i c b r e . c o m updated: 12/12/2019 2
O F F E R I N G D E TA I L S
BECK PARCELMIDDLETON, IDAHO 83644
Asking Price $6,056,435 ($35,000 per acre)
Current Jurisdiction Annexed into City of Middleton
Current Zoning R-3 (Single-Family Residential) The purpose of this zoning designation is to accomodate single-family lots. Maximum of 3 units/gross acre 8,000 SF minimum Gross Acres 173.041 (per County Records)
Parcel Numbers R3759300000 (167.183 acres) R3759101000 (5.858 acres)
• Previously approved as Windsor Valley Subdivision• Windsor Valley’s concept plan drawings (see pg. 3) called for 440 lots• Development agreement was previously agreed to• Utilities at or near site• Close proximity to Middleton High School• Contact listing agent for additional information
167.183 AcresR3759300000
5.858 AcresR3759101000
All information herein has been obtained from sources deemed reliable but is subject to verification by Buyer. This offering is subject to price change, corrections, errors, omissions, prior sales and/or withdrawl.
9 5 0 We s t B a n n o c k S t r e e t , S u i t e 4 2 0 • B o i s e , I d a h o 8 3 7 0 2 • ( 2 0 8 ) 3 4 3 - 9 3 0 0 • i c b r e . c o m updated: 12/12/2019 3
P R E V I O U S C O N C E P T P L A N
All information herein has been obtained from sources deemed reliable but is subject to verification by Buyer. This offering is subject to price change, corrections, errors, omissions, prior sales and/or withdrawl.
9 5 0 We s t B a n n o c k S t r e e t , S u i t e 4 2 0 • B o i s e , I d a h o 8 3 7 0 2 • ( 2 0 8 ) 3 4 3 - 9 3 0 0 • i c b r e . c o m updated: 12/12/2019 4
PA R C E L M A P
All information herein has been obtained from sources deemed reliable but is subject to verification by Buyer. This offering is subject to price change, corrections, errors, omissions, prior sales and/or withdrawl.
9 5 0 We s t B a n n o c k S t r e e t , S u i t e 4 2 0 • B o i s e , I d a h o 8 3 7 0 2 • ( 2 0 8 ) 3 4 3 - 9 3 0 0 • i c b r e . c o m updated: 12/12/2019 5
M I D D L E TO N A N D C A N YO N C O U N T Y O V E R V I E W
Source: US Census Bureau, Zillow & DataUSA
Population 8,009 216,699Median Age 30.6 33Median Household Income $43,462 $46,426Median Home Listing Price $275,000 $241,500High School Graduate or Higher 89.8% 84.1%
STATISTICS MIDDLETON CANYON COUNTY
CANYON COUNT Y BUILDING PERMITS ISSUED
MIDDLETON, IDAHOIn 1863, Middleton, the oldest settlement in Canyon County, was divided into parcels. The town incorporated as a city in 1910. Named for its midpoint location between old Fort Boise and Keeney’s Ferry, Middleton provided basic services to travelers along the Oregon Trail.
The population of Middleton grew 35.2% between 2010 and 2017. Middleton’s July 2018 estimated population is over 8,000 making up roughly 30 percent of Canyon County’s overall population.
Source: MLS
AREA 1285 MIDDLETON 2016 2017 2018 2019* New Construction Sales 89 152 165 108 Existing Home Sales 338 312 363 269 Total Home Sales 427 464 528 377 New Construction Average Price $272,873 $285,388 $328,524 $366,427 Existing Construction Average Price $223,540 $246,461 $287,154 $335,183*Through Q3 2019
YEAR NAMPA CALDWELL MIDDLETON CANYON COUNTY TOTAL2012 242 196 82 82 6022013 304 292 148 150 8942014 293 274 116 181 8642015 344 398 93 193 1,0282016 460 516 75 231 1,2822017 571 407 143 328 1,4492018 806 416 152 326 1,700
Source: Construction Monitor
MIDDLETON HOME SALES
All information herein has been obtained from sources deemed reliable but is subject to verification by Buyer. This offering is subject to price change, corrections, errors, omissions, prior sales and/or withdrawl.
9 5 0 We s t B a n n o c k S t r e e t , S u i t e 4 2 0 • B o i s e , I d a h o 8 3 7 0 2 • ( 2 0 8 ) 3 4 3 - 9 3 0 0 • i c b r e . c o m updated: 12/12/2019 6
ADA AND CANYON COUNT Y MIGRATION TO SW IDAHO
2,0000
4,0006,0008,000
10,00012,000
2015 2016 2017 2018New Construction Sales Existing Construction Sales
ADA & CANYON COUNT Y HOME SALES
Ada and Canyon county continue to lead the Idaho housing market in both inventory sold and average price for new construction. As the top two most populous counties in Idaho, both are poised for repeated growth trends.
2014 2015 2016 2017 2018
ADA COUNTY
NEW CONSTRUCTION SALES 1,469 1,687 2,332 2,558 3,148
NEW CONSTRUCTION AVERAGE PRICE $246,141 $264,472 $279,581 $305,263 $356,172
CANYON COUNTY
NEW CONSTRUCTION SALES 484 508 642 869 1,018
NEW CONSTRUCTION AVERAGE PRICE $200,769 $218,106 $230,374 $248,405 $281,114
NEW CONSTRUCTION SALES AND AVERAGE PRICES
Migration accounted for 40.74% of growth in Idaho between 2010 and 2016. Ada County experienced 10.7% growth, while Canyon County grew by 9.8%.
59.26% within Idaho
40.74% outside of Idaho
BUILDING PERMITS ISSUED
Source: Construction Monitor, Single Family Homes Only
YEAR ADA COUNTY CANYON COUNTY TOTAL2014 2,270 864 3,1342015 2,980 1,028 4,0082016 3,596 1,282 4,8782017 3,859 1,449 5,3082018 3,964 1,699 5,663
A D A A N D C A N YO N C O U N T Y O V E R V I E W
All information herein has been obtained from sources deemed reliable but is subject to verification by Buyer. This offering is subject to price change, corrections, errors, omissions, prior sales and/or withdrawl.
9 5 0 We s t B a n n o c k S t r e e t , S u i t e 4 2 0 • B o i s e , I d a h o 8 3 7 0 2 • ( 2 0 8 ) 3 4 3 - 9 3 0 0 • i c b r e . c o m updated: 12/12/2019 7
A E R I A L
Hartl
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Willis Road
W Main Street
Purple Sage Road
MiddletonHigh School Middleton Heights
Elementary School
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Mid
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SITE
All information herein has been obtained from sources deemed reliable but is subject to verification by Buyer. This offering is subject to price change, corrections, errors, omissions, prior sales and/or withdrawl.
9 5 0 We s t B a n n o c k S t r e e t , S u i t e 4 2 0 • B o i s e , I d a h o 8 3 7 0 2 • ( 2 0 8 ) 3 4 3 - 9 3 0 0 • i c b r e . c o m updated: 12/12/2019 8
VA L L E Y LO C ATO R M A P
SITESTARMIDDLETON
CALDWELL
NAMPA
KUNA
MERIDIANBOISE
All information herein has been obtained from sources deemed reliable but is subject to verification by Buyer. This offering is subject to price change, corrections, errors, omissions, prior sales and/or withdrawl.
9 5 0 We s t B a n n o c k S t r e e t , S u i t e 4 2 0 • B o i s e , I d a h o 8 3 7 0 2 • ( 2 0 8 ) 3 4 3 - 9 3 0 0 • i c b r e . c o m updated: 12/12/2019 9
The Boise MSA is the third largest metro in the Northwest with 30% growth projected by 2020. The Boise metro area consists of the Southwestern Idaho counties of Ada, Boise, Canyon, Gem and Owyhee. Nearly 40 percent of Idaho’s total population lives in the area, which includes 251,142 households. The region is hemmed in by mountains to the North and high-desert to the South. The largest city is Boise, which encompasses nearly 80 square miles, is the capital city and boasts a population of nearly 230,000.
50 motor freight companies serve the Boise Valley, traveling 5 interstates, 20 U.S. highways and 30 state highways. Over 11 million tons of freight are transported annually across the U.S., to Canada and Mexico by Union Pacific and Burlington Northern Santa Fe along 1,600 miles of rail line. Various airlines connect the metro area nationally, with the Boise Airport handling over three million travelers each year.
BOISE METROPOLITAN AREAPopulation 710,000Unemployment Rate 2.9%Median Age 34.2White Collar Workers 36%Blue Collar Workers 63%Median Annual $42,180Bachelors or Higher 35.24%Sales & Use Tax 6%Corporate Income Tax 6.9%
BOISE VALLEY STATISTICS
Source: bvep.org
Source: US Census
COUNTY POPULATION SQ MILESAda 456,849 1,052.58
Boise 7,290 1,899.24Canyon 216,699 587.37
Gem 17,379 560.90Owyhee 11,628 7,665.51
Total 709,845 11,756.60#4 Top 10 Cities for
Young Families (Boise)Move Buddha, January 2018
Top 20 Best Cities for Young Professionals
Forbes, May 2017
#1 Fastest Growing Metro in U.S.
Forbes, 2018
#5 Best Cities forQuality of Life (Boise)NerdWallet, October 2017
#1 City for New Home Sales (Meridian)
Curbed, January 2017
Top 10 SafestCities in the World
The Daily Meal, Oct 2017
#4 Best Place to Retire (Boise)
Forbes, January 2014
Lowest Business Costs in Pacific U.S.
KPMG 2012, 2015, 2016
#4 North America’s Coolest Downtowns
Expedia 2018
#2 America’s Best Cities to Live in (Meridian)
24/7 Wall Street, Dec 2016
#2 Destinations You Need to See in 2018
Lonely Planet, March 2018
#3 Best State Capitals to Live In (Boise)
WalletHub, February 2018
M A R K E T O V E R V I E W
All information herein has been obtained from sources deemed reliable but is subject to verification by Buyer. This offering is subject to price change, corrections, errors, omissions, prior sales and/or withdrawl.
9 5 0 We s t B a n n o c k S t r e e t , S u i t e 4 2 0 • B o i s e , I d a h o 8 3 7 0 2 • ( 2 0 8 ) 3 4 3 - 9 3 0 0 • i c b r e . c o m updated: 12/12/2019 10
BOISE METROPOLITAN AREAThe Boise Metro, at 92.5% of the national cost of living, enjoys some of the lowest costs in the western United States. Shorter commute times, safer communities, access to outdoor recreation and a high in-migration rate of workers has created a dynamic workforce with an entrepreneurial vibe.
Major economic drivers in the region include semiconductor and other computer product manufacturing, food product manufacturing, administrative and business support services, and construction.
College/ University
Enrollment (Boise Valley)
Program
Boise State University 23,886 4-year
University of Idaho 1,000 4-year
Northwest Nazarene University
2,207 4-year
College of Idaho 1,065 4-year
Idaho State University 500 4-year
Concordia University School of Law
75 Private
College of Western Idaho 24,265 2-year
Carrington College 600 2-4 year
Stevens Henager College 400 2-4 year
Treasure Valley Community College
1,785 2-year
Brown Mackie College 400 2-year
Broadview University 100 2-4 year
• Micron Technology• St. Lukes Health Systems• St. Alphonsus Health System• Hewlett-Packard Company• J.R. Simplot Company• IDACorp (Idaho Power)• WinCo Foods, LLC• Albertson’s/SuperValu• URS Corp- Washington Group• Wells Fargo, N.A.• U.S. Bank• Boise Inc.• Bodybuilding.com• MWI Veterinary Supply, Inc.• Key Bank• Scentsy, Inc.• Lactalis American Group
• CSHQA• HDR, Inc.• CH2M Hill• Power Engineers• Hawley Troxell• Eide Bailly, LLP• Givens Pursely, LLP• Perkins Coie, LLP• Stoel Rives, LLP• URS Corporation• Balihoo• Healthwise• Clearwater Analytics• Keynetics Inc.• INL - Battelle Energy Alliance• Enphase Energy
• Wells Fargo, N.A.• DIRECTV• Alaska Airlines• WDS Global• Century Link• Albertson’s/SuperValu• T-Mobile U.S.A., Inc.• EDS, an HP Company• Citi Card• Intermountain Gas Company• ProService Boise• HP Shopping.com
LARGE EMPLOYERSTECHNICAL/ENGINEERING/
ARCHITECTURE/LEGALCUSTOMER SUPPORT CENTERS
Source: bvep.org
M A R K E T O V E R V I E W
All information herein has been obtained from sources deemed reliable but is subject to verification by Buyer. This offering is subject to price change, corrections, errors, omissions, prior sales and/or withdrawl.
9 5 0 We s t B a n n o c k S t r e e t , S u i t e 4 2 0 • B o i s e , I d a h o 8 3 7 0 2 • ( 2 0 8 ) 3 4 3 - 9 3 0 0 • i c b r e . c o m updated: 12/12/2019 11
R YA N C A N T LO N - L A N D BR O K E R A G E S E R V I C E S
IDAHO COMMERCIAL BROKERAGE
ICB was established in 2002 and operates on the premise of building dependable client-broker relationships unmatched by the larger corporate approach to brokerage representation.
The company is located in downtown Boise and is comprised of agents David McDonald, Moe Therrien and Ryan Cantlon. Idaho Commercial Brokerage specializes in investment property and land sales.
REAL ESTATE PRACTICESRyan Cantlon focuses on land acquisition and disposition. WORK HISTORYRyan has been involved in hundreds of land related transactions totaling thousands of development acres, resulting in the development of over 6,000 lots across more than 70 projects in the Boise MSA. Transactional experience includes master planned communities, bulk subdivision lots, commercial land, golf courses, and agricultural land. Clients Ryan has worked with range from various financial institutions, developers, local and national homebuilders, institutional funds, and local land owners.
PERSONALA native of Boise, Ryan received his BBA in Operations Management from Boise State University. In his free time he can be found enjoying the outdoors of Idaho.RYAN CANTLON
LAND BROKERAGEemail: [email protected]: (208) 343-9300cell: (208) 867-3751
SAMPLE TRANSACTIONSOaks North – 252 acres; 653 lot subdivision MeridianHormachea – 365 acres; 1,824 lot subdivision EagleLegacy Lot Sale – 126 lot bulk sale EagleLegacy – 409 acres; 211 finished lots, 500+ lot subdivision EagleFoxtail – 85 acres; Converted golf course into 255 lot subdivision EagleMurgoitio – 45 acres; 199 lot subdivision BoiseEast Canyon Assemblage – 440 acres; 1,060+ lot subdivision StarCartwright Ranch – 184 acres; 100 lot subdivision BoiseHeron River Lot Sale – 40 lot bulk sale StarEggers – 59 acres; 177 lot subdivision MeridianCaywood – 131 acres; 394 lot subdivision NampaCentury Farm – 41 acres; 123 lot subdivision MeridianBrandt – 156 acres; 400+ lot subdivision NampaBear Creek – 114 acres; 342 lot subdivision MeridianDR Horton – 289 acres; proposed master plan BoiseSabal Farm – 393 acres BoiseHill Property – 105 acres; 300+ lots KunaDBSI Eagle – 64 acres; 192 lots EagleBridgetower Lot Sale – 72 lot bulk sale MeridianEaglefield – 63 acres; 111 finished lots EagleOaks South – 30 acres; 100 lots MeridianHuskey – 75 acres; 225 lots MeridianEagle River Active Adult – 5.85 acres; 150+- active adult units EagleCanyon Creek – 85 acres; 225+ lots NampaTimbermist - 65 acres; 195 lots Kuna
Silver Star – 85 acres; 225 lots NampaPavilion – 46 acres; 97 finished lots StarCarriage Hill – 98 acres; 51 finished lots NampaHunter Point – 227 acres; 22 lots, 300+ approved lots; golf course NampaFieldcrest Lot Sale – 76 lot bulk sale CaldwellOrion Park – 127 acres; 200+ lots Star Howry – 40 acres; 120 lots MeridianAmity 20 – 20 acres; 80 lots MeridianMBI 253 acres; river front property CaldwellBlackhawk & Cedar Springs Lot Sale – 169 lot bulk sale CaldwellMadelynn Estates Lot Sale – 85 lot bulk sale MeridianRoselands Lot Sale – 37 lot bulk sale StarFallbrook – 92 acres; 251 lots StarDuff Lane Farm – 100 acres MiddletonHomedale Rd Farm – 204 acres CaldwellAshton Estates Lot Sale – 29 lot bulk sale KunaPelican – 40 acres; 160 lots MeridianD&B Supply - 5 acre commercial lot KunaTen Mile Creek Farm - 419 acres BoiseLegacy Hills - 660 acres EaglePinewood Lakes – 106 finished lots StarButterfield Farm – 137 acres KunaShaunessy – 95 acres; 100 lots EagleStonegate - 53 acres; 134 bulk lots HarrisonKingsbridge - 38 acres; 100 lots Meridian